Quantica Announces an Increase in Its Series A Funding Round

In an exciting announcement, Quantica has revealed an increase in its Series A funding round, bringing the total to an impressive €19.7 million. The funding boost, led by West Hill Capital with support from various investors including family-owned companies and venture capital firms, comes on the heels of several significant milestones for Quantica. These include fruitful collaborations to expand its inkjet technology materials portfolio and the launch of innovative AI-based software. This additional capital is set to accelerate the development of Quantica’s cutting-edge additive manufacturing solutions, particularly its NovoJet platforms, ensuring the company continues to push the boundaries of 3D printing technology and make substantial strides in the market. Have you ever wondered how advancements in technology come about and what drives these innovations forward? One of the behind-the-scenes mechanisms is funding, particularly in the form of Series A rounds, which provide the much-needed capital to push ideas from concept to reality.

This brings us to some exciting news from the world of additive manufacturing: Quantica has announced an increase in its Series A funding round. But what does this mean for the company and the industry at large? Let’s dive deep into the details.

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Quantica Announces an Increase in Its Series A Funding Round

Background on Quantica

Headquartered in Berlin, Quantica is an innovative player in the additive manufacturing technology sector. The company has been making waves with its pioneering ultra-high viscosity jetting technology, which has the potential to redefine the landscape of 3D printing and additive manufacturing.

Quantica has been on an upward trajectory, consistently achieving milestones. This latest increase in its Series A funding is a testament to the company’s growth potential and the confidence investors have in its future.

Funding Details

In an exciting communiqué, Quantica disclosed that it has successfully raised €19.7 million through its Series A funding round. British private equity and venture capital firm West Hill Capital has led this extension, with additional support from other strategic investors, including:

• A family-owned company within the dental industry
• Quantica’s management team
• Korean venture capital firm Big Bang Angels

This significant boost in funding follows several key achievements and partnerships that Quantica has struck over the past few years.

Key Achievements Leading Up to the Funding

Quantica has been on a roll, with notable milestones that have set the stage for this funding boost. Some of these include:

• Expansion of Inkjet Technology: Collaboration with ALTANA Cubic Ink to broaden its material portfolio.
• Strategic Partnerships: Working with ImageXpert to enhance the capabilities of its technology.
• AI-based Solutions: Launching MultiSlice, an AI-driven build management and slicing software developed in collaboration with Czech start-up Additive Appearance.

Statements from Key Players

David Hollidge, Managing Partner at West Hill Capital, commented, “Quantica’s innovative technology and strong growth potential make it an exciting addition to our portfolio. We look forward to working with the Quantica team to help drive the company’s expansion and bring its groundbreaking additive manufacturing solutions to a wider market.”

Claus Moseholm, CEO of Quantica, added, “We are thrilled to welcome West Hill Capital as a new partner to our company. This latest commitment shows how attractive our business and technology are for the larger international market. The additional funding will allow us to further expand our team and accelerate the development and production of our cutting-edge additive manufacturing solutions.”

What the Funding Will Be Used For

The fresh influx of capital is earmarked primarily for the advancement of Quantica’s flagship systems:

NovoJet OPEN

This open printing platform utilizes ultra-high viscosity jetting technology, tailored for 2D and 3D applications. Designed for research institutes, R&D labs, and organizations, it promises seamless transitions from lab to production, and is ideal for:

• Customized and low-volume production
• Feasibility testing
• Application development

Previously, Quantica partnered with Xaar to manufacture NovoJet printheads, thus integrating them into the NovoJet OPEN platform.

NovoJet JetPack

The NovoJet JetPack is another key system designed for research and development in additive manufacturing. This system allows researchers to:

• Experiment with and refine new materials
• Ensure seamless compatibility with NovoJet printheads

This capability fosters progress in material science and the development of new processes within the broader field of additive manufacturing.

Industry-Wide Implications

Quantica’s success and the subsequent funding increase are not isolated events. They reflect a broader trend within the additive manufacturing industry, where more companies are securing Series A funding to scale their innovations.

Case Studies of Similar Successes

Q.Big 3D

Another notable example is Q.Big 3D, which closed a €2 million Series A funding round led by HZG Group and long-time investor Manz AG. This funding helped Q.Big 3D to launch its Queen 1 “XXXL” large-format 3D printer, currently undergoing beta testing.

MakerVerse

Berlin-based MakerVerse secured €9.4 million in a Series A funding round led by venture capital firm 9.5 Ventures. With support from seed investors ZEISS and Siemens Energy, this funding aims to scale its on-demand manufacturing services, particularly its AI-driven platform for instant quotes and advanced manufacturing technologies.

The Role of Venture Capital

Venture capital plays an indispensable role in pushing the boundaries of innovation. By providing the necessary funding, venture capital firms enable companies like Quantica, Q.Big 3D, and MakerVerse to turn their groundbreaking ideas into reality. This flow of capital leads to advancements in technology and the introduction of next-generation products that have the potential to revolutionize various industries.

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Looking Ahead

With the increased Series A funding, Quantica is poised to make substantial strides in the additive manufacturing sector. But what does the future hold?

Trends in Additive Manufacturing

The field of additive manufacturing is witnessing several key trends:

• Material Innovation: Companies are continuously developing new materials to be used in 3D printing, broadening the scope of what’s possible.
• AI Integration: The incorporation of AI in build management and slicing software, as seen with Quantica’s MultiSlice, is set to optimize processes, reduce waste, and enhance precision.
• Customization and Scalability: The ability to produce customized, low-volume products efficiently will redefine manufacturing workflows, making them more flexible and responsive to market needs.
• Interdisciplinary Collaborations: Partnerships across different fields, such as Quantica’s work with ALTANA Cubic Ink and ImageXpert, are fostering innovations that benefit multiple industries.

Impact on Various Sectors

The advancements in additive manufacturing driven by companies like Quantica have far-reaching implications across various sectors:

Medical & Dental

In the medical and dental fields, the ability to create custom implants, prosthetics, and other critical components with high precision opens up new possibilities for patient care. The involvement of a family-owned dental company in Quantica’s funding round underscores the importance of these advancements.

Aerospace and Transport

Additive manufacturing is making significant inroads in the aerospace and transport sectors. Companies are using 3D printing to create complex, lightweight components that can withstand extreme conditions, thereby improving efficiency and performance.

Education and Research

Platforms like the NovoJet OPEN are democratizing access to advanced manufacturing technologies in educational and research institutions. This encourages innovation, as more researchers and students can now experiment with cutting-edge tools.

Join the Conversation

What do you think the future holds for additive manufacturing and companies like Quantica? What trends are you most excited about? Share your thoughts and join the conversation on social media or in industry forums.

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Featured image shows the Quantica Team. Photo via Quantica.

Tags

Additive Manufacturing, Quantica, Series A Funding, NovoJet, West Hill Capital

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By keeping track of how companies like Quantica continue to evolve and push the boundaries of technology, you’ll be well-informed about the innovations that are shaping our world.

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