Nexa3D announces investment from XYZprinting and OurCrowd

Nexa3D announces investment from XYZprinting and OurCrowd

Bengaluru,dhns: Nexa3D, maker of ultra-fast Stereolithography professional-grade 3D printers, on Thursday announced funding from strategic investor XYZprinting and equity crowdfunding platform OurCrowd.

The investment from both these entities bring the total funding in the company to $10 million across various funding instruments.

Leading the round, XYZprinting, the world's leading desktop 3D printer brand, will also manufacture and sell Nexa3D printers under the XYZ brand, as well as manufacture other white labeled products on behalf of Nexa3D for industry leaders in other verticals.

Commenting on the development, Nexa3D executive Chairman Avi Reichental said this collaborative effort with investors will change the face of 3D printing.

"This printer is powered by Nexa3D's proprietary Lubricant Sublayer Photo-curing (LSPc) technology and a patented structured light matrix capable of reaching top speeds of 1 cm per minute, which can drastically cut down 3D printing cycles, from hours to minutes," he said.

XYZprinting CEO Simon Shen said this comprehensive strategic alliance is designed to accelerate market access to affordable industrial grade 3D printers globally.

"We believe that precision and speed are the name of the game in the world of 3D printing and are pulling all the stops to fast-track to market a disruptive photo-polymeric 3D printer that reimagines SL 3D printing as we know it," he said.

OurCrowd CEO Jon Medved said the crowd funding platform is thrilled that it is most active early stage fund. "OurCrowd is excited to invest alongside global leader XYZprinting, to revolutionize the future of 3D printing and bring market access to the world," he said.