BotFactory Closes $1M Investment Round

Share this Article

3dp_botfactory_logo-e1451391005578Additive manufacturing takes on many forms. While we mostly cover FDM, SLS and SLA printing at 3DPrint.com, we also cover some other interesting disruptive technologies. The Squink is a multilayer PCB printer that prints conductive traces on circuit boards and other materials, such as Kapton, FR4, ceramics and metal with their ‘Advanced Ink.’ The machine also uses a pick-and-place system with computer vision to accurately place components on the PCB. BotFactory, the New York-based manufacturer of the Squink, recently announced that they have completed a $1M seed round of financing.

This seed round closes on the second anniversary of BotFactory’s successful $100,000 Kickstarter campaign, and a little more than a year since BotFactory began shipping out their Squink PCB Printer. According to BotFactory, the Squink is the only product on the market that is capable of creating a fully functional PCB from start to finish in a complete, integrated package. Amongst their user base BotFactory counts a number of Fortune 500 companies, Ivy-League universities and research labs who use Squink to reduce their PCB design cycle time and bolster their innovation and product development efforts.

ir_attachment_12882

The Squink uses 3 interchangeable heads and a pick-and-place system to create PCBs.

“We’re just starting to scratch the surface of what is a huge problem for an electronics industry that is only growing faster, driven by new developments like the Internet of Things,” says Bot Factory CEO Nicolas Vansnick. “Everyone is trying to lower the cost of fabricating one-offs in factories designed to make millions, when we’re miniaturizing that factory and bringing it closer to where it is needed: on the engineer’s desk.”

New York Angels, one of the largest angel Investor groups in the world, led the investment round, putting fresh capital towards expanding sales and marketing efforts as well as product development. New York Angels injects capital into early-stage to mid-stage companies in the New York area like Canary and GoTenna. New York Angels Director Larry Richenstein will join BotFactory’s Board of Directors.

According to BotFactory, Squink is the only product on the market that is capable of creating a fully functional PCB from start to finish in a complete, integrated package.

ir_attachment_15634Key features of BotFactory Squink Multilayer PCB Printer:

  • Print multilayer PCBs on flexible or rigid substrates like Kapton and FR4
  • Print any smooth, non-porous materials capable of retaining its shape at 110°C
  • Dispense solder and conductive glues onto any PCB design – even ones made by other outside vendors
  • Pick-and-place parts as small as 0603s or QFNs at a rate of 4 parts per minute
  • Intuitive Software – upload GERBER as well as Image files of PCB designs using a browser as the key interface
  • Plug-and-Play – no assembly required. No downloading either – entire software package is on each Squink

I’ve been following Squink for quite some time and I have to say that it’s a pretty unique machine. It’ll be very interesting to see if this new financing will lead to greater sales and new innovative products.

Facebook Comments

Share this Article


Related Articles

Interview with Zach Kaplan of Corazon Capital, mHUB and Inventables

BCN3D Spins Off into Standalone Company After Receiving $3 Million in Seed Funding



Categories

3D Design

3D Printed Architecture

3D Printed Art

3D printed chicken


You May Also Like

3D Printing News Briefs: January 26, 2019

We’re starting with business first in this edition of 3D Printing News Briefs, and then moving on to design software and 3D printing materials. Mimaki USA is getting ready for...

Google ATAP Lab Saves Time and Money During Pre-Production with Formlabs 3D Printing Technology

Last month, Formlabs released a reformulated version of its High Temp Resin, which is part of its Engineering Resins family and features the highest heat deflection temperature (HDT) of any of...

Fortify Raises $2.5 Million in Seed Funding and Introduces Fluxprint Technology

Boston-based startup Fortify is an exciting company offering a new Digital Composite Manufacturing (DCM) technology called Fluxprint. Fluxprint combines Digital Light Processing (DLP) technology with magnetics to produce composite parts with...

Open Bionics Receives Funding from Williams and Others

Many organizations have arisen for the purpose of 3D printing prosthetic devices, but one of the most advanced of them is Open Bionics, a UK company that creates not just...


Training


Shop

View our broad assortment of in house and third party products.

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our 3DPrint.com.

You have Successfully Subscribed!