3D Printing Funding Ventures – Israeli Firm Receives $25 Million
XJet is an Israeli 3D printing company that places an emphasis on metal 3D printing and is also the 4th most funded 3D printing company in 2016 (Formlabs was 3rd). To date they have raised $25 million through one round of venture funding. The Company boasts the “world’s first direct 3D metal jetting system,” driven by their innovative NanoParticle Jetting technology.
While most metal 3D printers require that the operator handle metal powders which can be dangerous, the XJet system delivers the required metal nanoparticles in sealed cartridges, which are then easily loaded into the XJet system. In that way, the XJet system isn’t much more difficult to use than your standard desktop inkjet printer. The system allows for complete design freedom with no geometric limitations.
NPJ is entirely unique from other metal printing technologies both in terms of process and output. XJet claims unprecedented layer thicknesses of 2 microns, unheard of in metal 3D printing, and printing speeds five times faster than laser sintering techniques. The speed of the process is further enhanced by the lack of post-processing required.
The company also recently announced that their printers were capable of 3D printing ceramic objects, and said that they are targeting ceramic 3D printing for dental, medical and some industrial applications. According to the 3D Printing Trade Association “Xjet is typical of the types of deals that are being funded now. Superior technology that the market can quickly take.”