Boston Micro Fabrication (BMF), a pioneer in microscale 3D printing systems, announced the successful closing of a Series C round of funding, totaling $43 million. The round was led by Shenzhen Capital Group Co., Ltd. (SCGC).
Additive manufacturing has proven to add the most value when used to produce parts that are expensive or difficult to make using conventional techniques. In the past, those parts usually fell into two categories: low volume and/or high geometric complexity. Since its founding in 2016, BMF has been addressing another market need: small, high precision parts. The demand for parts on the millimeter scale, with micron level tolerance, is on the rise and, historically, there were no additive manufacturing systems capable of producing at this level of quality while at the same time providing good throughput. BMF has changed that paradigm with its microArch 3D printing systems, built upon patented Projection Micro Stereolithography (PµSL) technology that enables ultra high-resolution parts (down to 2μm) to be 3D printed with unparalleled accuracy, precision and speed.
The investment comes during a time of significant growth for the company. BMF doubled its install base in the past year, now with installed systems at over 200 customer locations around the world, bringing high precision additive manufacturing capabilities to industries that are driven to miniaturize, including electronics, medical device, optics/photonics, microfluidics and advanced research. The company also recently expanded its global operations with new state-of-the-art facilities in Greater Boston and Shenzhen, China, with additional locations in Chongqing, China and Tokyo, Japan.
“Our business has scaled strongly, and we plan to use new capital to further expand our capability,” stated John Kawola, CEO of BMF. “Our global reach has been appreciated and valued by our customers, and our systems are now being used all over the world to both prototype parts that previously could not be 3D printed and drive end-use part production where conventional methods are difficult.”
BMF will use the funding to advance product development, sales and marketing and customer support as the company continues to expand and serve its global customer base.
For more information about BMF, please visit www.bmf3d.com.