Sun Metalon Raises US$5.6M in Series A Funding
- Sun Metalon, a Kawasaki, Japan-based company developing a metal 3D printer, raised US$5.6M in Pre-Series A funding
- The round, which brings total investment to US$7.7m, was led by Globis Capital Partners & Co., with participation from UTEC, D4V, and Berkeley SkyDeck Fund
- The company intends to use the funds to expand its business globally
- SunMetalon is advancing an ultra-fast metal 3D printer to create metal products from local ores anywhere in the world
- The size of parts that can be manufactured will be expanded in stages, and three machine lineups will be taken to the market as of 2023
- The first machine is currently under development and the first customer delivery is scheduled for October 2022
