Divergent Technologies, developer of an end-to-end digital manufacturing system, announced the closing of a $230 million Series D equity financing. The financing round was led by a $100 million investment from Hexagon AB and included participation from new and existing institutional and family office investors.
Divergent has developed the Divergent Adaptive Production System (“DAPS”), a comprehensive system that replaces traditional design, manufacturing and assembly solutions. DAPS combines a software-driven hardware production platform with proprietary AI-powered generative design software. This enables the computer-aided development of structures, the use of novel materials and additive manufacturing to materialize structures and the use of automated, fixtureless assembly processes to create large multi-part assemblies. Products created with DAPS are characterized by superior performance, lower costs, rapid adaptability to specific requirements, faster time-to-market and scalable high-volume production.
Divergent uses this revolutionary system to supply the automotive, aerospace and defense industries with next-generation products as a certified Tier 1 supplier. Its seven blue-chip automotive customers include companies such as Aston Martin and Mercedes-AMG. In aerospace and defense, Divergent is actively working with six U.S. government contractors on a variety of applications.
“DAPS was created to serve as the foundation for a global system of regional manufacturing facilities that combine and fully exploit supercomputing, AI, robotics and additive manufacturing in a novel way,” said Kevin Czinger, Founder, Lead Inventor and CEO. “We now have entered the ‘4D Age’ of fully digitized design-manufacturing-assembly as a service, dematerialized products using and requiring less material and energy, distributed regional production, and democratized access to the tools, data and production assets necessary for innovation in our human-built world.”
Lukas Czinger, President and Chief Operating Officer added, “DAPS allows customers to develop higher performing products on faster timelines and with zero design-specific capex, freeing manufacturers from the burdens of legacy design decisions. Divergent is on a mission to rebuild the American industrial base with a truly transformational manufacturing technology.”