CASTOR Closes $3.5M Deal for 3D Printing Software, with Xerox as Investor
Israeli startup CASTOR has secured a $3.5 million seed funding round that will allow the firm to further develop its unique software for identifying parts for 3D printing. In addition to Tel Aviv-based Spring Ventures, the other investor was none other than Xerox, which started pushing its metal 3D printer, ElemX, this year.
CASTOR is tackling a key challenge in additive manufacturing (AM): what parts can be 3D printed? Businesses have heard about the benefits of the technology, see competitors researching and adopting it, but due to the learning curve associated with design for AM, may not know where to start.
CASTOR’s software predicting the likelihood of failure for a 3D printed part. Image courtesy of CASTOR.
CASTOR’s platform is able to analyze parts to determine if they are a good fit economically and technically for the manufacturing process. Moreover, it finds the appropriate materials and 3D printing method, performs geometric analyses, looks for redesign options, contrasts the cost of using traditional production techniques, and simulates the possibility of failure.
“We are grateful for this opportunity to collaborate with Additive Manufacturing industry leaders and add layers of intelligence and automation to help engineers realize the full potential of AM,” said CASTOR CEO Omer Blaier.
The software was appealing enough that 3D printing material manufacturer Evonik invested in the startup. Nexa3D also partnered with CASTOR to adopt the software. Now, Xerox is expressing its excitement about the company via this latest funding round.
CASTOR’s software performing a part analysis. Image courtesy of CASTOR.
Xerox has had a somewhat tumultuous history, venturing into industries that were sometimes quite different from its original product offering, such as communications and insurance in the 70s and 80s. More recently, there was some infighting on the board related to a potential acquisition by Fujifilm. This was followed by an attempted hostile takeover of HP. While the former was fought by Carl Icahn, the latter was thought to be driven by the same activist investor.
Along the way, Xerox sold its solid ink assets to 3D Systems in 2013 before launching its own 3D printing division in 2020, based on its 2019 acquisition of Vader Systems. We’re still waiting to see how the ElemX 3D printer is being used, but the company has a flashy website dedicated to it. Investing in CASTOR demonstrates not only Xerox’s confidence in the Israeli software developer, but also a further commitment to 3D printing. Perhaps, if it does follow through with a purchase of HP, we’ll have a new giant to deal with in the industry.
Subscribe to Our Email Newsletter
Stay up-to-date on all the latest news from the 3D printing industry and receive information and offers from third party vendors.
Print Services
Upload your 3D Models and get them printed quickly and efficiently.
You May Also Like
DMG Mori Joins $10M Defense 3D Printing Program
To look at the Biden administration and the Trump administration that succeeded it and find areas of policy overlap is obviously a bit of a challenge. But such areas certainly...
Where the Money Is Going: The New Infrastructure Landscape
This is Part 1 of a two-part PRO series examining where infrastructure investment is flowing and how those trends are reshaping manufacturing, energy, logistics, and additive manufacturing. Part 2, by...
First Containerized System from AML3D Now Operational at US Navy AM CoE
Shipbuilding giant Austal USA recently announced the launch of the Digital SEA (Secure Exchange for Additive) platform, which should play a major role in expanding accessibility to the sorts of...
INDOPACOM Advanced Manufacturing Team Saves Thousands Per Week at Joint Exercise in the Philippines
In the summer of 2025, the US Indo-Pacific Command (INDOPACOM) opened a new advanced manufacturing facility at Schofield Barracks, the Hawaiian home of the US Army’s 25th Infantry Division. INDOPACOM...
