FinTechFunding

Inkbit: Raises $30M in Series B Funding

Inkbit Raises $30M in Series B Funding

  • Inkbit, a Medford, MA-based company that built a 3D printing system driven by vision-based feedback control, raised $30M in Series B financing
  • The round was led by Phoenix Venture Partners
  • The company intends to use the funds to boost production of its additive manufacturing system, Inkbt Vista
  • The company enables rapid, on-demand manufacturing of multi-material, end-use products
  • The company developed a 3D printer powered by machine vision and real-time feedback control to meet the speed, precision and reliability requirements of volume production
  • The technology is based on research led by Prof. Wojciech Matusik and intellectual property licensed from MIT
Previous article
Napier: Sets up at the leading financial center in the Middle East
Next article
Anorak & Plum: Team up to bring life insurance to millennial savers
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...
FinTech

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...
FinTech

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...
FinTech

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...