AMS Spring 2023

Impossible Objects Raises $6.4 Million in Series A Funding While Preparing to Release Model One 3D Printer

RAPID

Share this Article

Earlier this year, Impossible Objects introduced its pilot 3D printer, the Model One, at RAPID + TCT. The machine won the trade show’s Innovation Award for the service or product that will have the greatest impact on the industry, and the Model One looks poised to have a tremendous impact indeed. The printer is based on Impossible Objects’ composite-based additive manufacturing, or CBAM, technology, a production-level technology that allows users to print with composite materials such as Kevlar, carbon fiber and fiberglass along with PEEK and other engineering-grade, high-performance polymers.

CBAM is all about high speed, low cost, and strong, lightweight parts. Impossible Objects has called it the first truly new 3D printing technology in decades, and it is quite different from anything else on the market: 2D sheets of composite materials are fed into an inkjet printer, which spray the shape of the part onto the sheets. Thermoplastic powder is then deposited onto the sheet, and sticks to the area that was sprayed by the inkjet heads. The sheets are then heated and pressed together, and the polymer bonds them together to form the final part.

Impossible Objects is gearing up to fully release the Model One in 2018, and is riding the momentum from the machine’s successful debut into the last part of this year. This week, the company announced that it has raised a $6.4 million Series A investment funding round led by OCA Ventures and with participation from:

  • IDEA Fund Partners
  • Mason Avenue Investments
  • Huizenga Capital Management
  • Inflection Equity Partners

The latest round brings Impossible Objects’ total funding up to more than $9 million.

“We’ve seen incredible momentum as more corporations are looking to additive manufacturing for production purposes and not just prototypes or low volumes. These companies need strong parts that can be made fast,” said Robert Swartz, Founder and Chairman of Impossible Objects. “We’re delighted to work with our investment partners to meet this massive opportunity.”

When Impossible Objects unveiled the Model One 3D printer in May, it also gained its first customer: Jabil, which is receiving pilot units of the machine.

“We’re just scratching the surface at how fast we can build parts and materials at scale,” said Larry Kaplan, CEO of Impossible Objects. “This funding will only accelerate our ability to develop our technology and roll it out to the biggest companies worldwide.”

The funding will allow Impossible Objects to expand its research and development and sales and marketing teams as it prepares to fully release the Model One. Right now, the company has 17 full-time employees, and according to Kaplan, that number could double in 2018.

“Impossible Objects is leading the way by using its technology to transform how the largest corporations manufacture,” said OCA Ventures General Partner Ian Drury. “The market opportunity for a revolutionary industrial additive manufacturing solution such as Impossible Objects’ CBAM is enormous and the company has huge momentum right now.”

That momentum should only continue to accelerate into 2018, as the Model One is released commercially. Until then, Impossible Objects is still selectively offering pilot versions of the machine; if you’re interested in one, you can contact the company here.

Discuss this and other 3D printing topics at 3DPrintBoard.com, or share your thoughts below. 

 

Share this Article


Recent News

Department of Defense Buys Large Format Metal 3D Printer from AML3D

Unifying 3D Printing Software for Long-Term Manufacturing Success – AMS Speaker Spotlight



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

Sponsored

AI-driven Software is Unleashing Growth in Additive Manufacturing – AMS Speaker Spotlight

Additive manufacturing has been gradually gaining ground, but the road to widespread mass customization, on-demand and serial production has been bumpy. Manufacturers eager to embrace this technology are held back...

Sponsored

The Fight for Clean Data in Additive Manufacturing – AMS Speaker Spotlight

Dirty data costs the additive industry millions of dollars a year. Material parameter development, operational mistakes, or part failure could all be avoided if reliable, detailed and comprehensive data about...

New Mitsubishi Electric Automation Software Simulates Production Lines for 3D Printing

Mitsubishi Electric Automation, a U.S. subsidiary of the Japanese multinational, has announced the release of MELSOFT Gemini 3D Simulator Software. MELSOFT Gemini 3D is a digital platform designed for simulating...

AME-3D Taps AMFG Automation Software to Strengthen 3D Printing & Vacuum Casting

According to SmarTech Analysis in its “Opportunities in Additive Manufacturing Software Markets 2023” report, this market is expected to grow faster than previous projections showed, as it’s “evolving at a...