Triditive, a Spanish-based company focused on the automation of additive manufacturing, has closed a 5M€ pre-series A funding round. The capital injection has been led by an important Spanish industrial group.
The objective of Triditive in this new phase is to continue development of the automation of addi-tive manufacturing in order to scale up production and enabling its industrial deployment, and thereby position itself as the key technology which provides a rapid response to a supply chain crisis and promotes local manufacturing.
Triditive was incorporated in mid-2016 in Asturias, Spain and has patented the AMCELL®, the first industrial 3D Printer able to mass produce components using metals or polymers. This makes the AMCELL the fastest solution for large scale production. Triditive is a European company focused on the automation of additive manufacturing.
This is not the first funding round raised by Triditive. In its seed round raised investment from in-dustry specialists such as Stanley Ventures (Stanley Black & Decker), Techstars and Hunosa Empresas, amongst others. This preseries A round makes Triditive the additive manufacturing company which has raised the most capital in Spain, reaching 8M€ over three rounds of investment.
Triditive is listed in the top10 of Startups in European 3D printing in terms of private investment. They have garnered many worldwide distinctions and awards and has offices in the U.K. and U.S.A. Recently, the company inaugurated its 2000m2 manufacturing plant in Asturias, Spain, which is its headquarters where the company develops its proprietary technology.
A solution to the supply chain crisis
According to The Bank of Spain, the supply chain crisis will cause losses of up to 16B€ to the Spanish economy. The excessive dependence on suppliers remote from our centres of production, together with the global transport problems, is mandating a change in patterns of consumption. This is where additive manufacturing comes in with its localised production approach.
On an industrial level, the benefits of additive manufacturing range from the on-demand production of components, through manufacture of lighter and stronger pieces, to customized designs. In many cases this reduces the need for external suppliers of stock parts, and is therefore a faster solution when compared to traditional manufacturing. By producing locally the supply chain is reduced and therefore costs are lowered, delivery times are minimized and sustainability is supported.
For more information, visit www.triditive.com.