9T Labs, based in Zurich, Switzerland, has closed a seed financing round of $ 4.3 million to finish the development of their industrial 3D printing solution and scale-up the first mass manufacturing industrial use cases.
9T Labs’ proprietary technology offering provides a seamlessly integrated workflow to mass produce industry grade carbon fiber composite parts, combining advanced software algorithms, 3D printing technology, and post-processing in one solution. The technology eases the use of this performance material, driving down lead times and production cost to accelerate the growth of this established $ 80 billion industry.
The ETH Zurich spin-off, which was founded by Chester Houwink, Giovanni Cavolina and Martin Eichenhofer in 2018, is on a mission to make carbon fiber composite materials as accessible as ordinary metal materials. To achieve this ambitious goal, the company has secured a $ 4.3 million seed round from existing investors around Wingman Ventures and new contributions from Investiere and the Technology Fund. Furthermore, 9T Labs is supported by the ESA BIC program.
Leading industry experts join board
As part of the financing round, two experienced industry veterans join the board of directors. Andreas Wuellner and Bertrand Humel van der Lee join the board, bringing together 40 years of experience in fiber composite processing and manufacturing.
Until the end of 2019, Andreas led the composites business of SGL Carbon, one of the leading global suppliers of advanced fiber composite solutions. Bertrand Humel van der Lee is an expert in sales, services and marketing related topics who was until recently chief customer operations officer and managing director at EOS, the world‘s leading Additive Manufacturing company.
“Knowing from experience what limits the widespread adoption of advanced fiber composite solutions, I found 9T Labs’ integral technology approach to overcome such limitations, fostering the adoption in mass manufacturing, very convincing”, says Andreas.
“In contrast to plastic and metal 3D printing companies, which compete with the existing and established automated CNC manufacturing solutions, 9T Labs enters a market which has not yet seen standardized automation and software solutions for mass manufacturing, providing a huge market potential”, explains Bertrand.