Boston Micro Fabrication closes $43M funding round
BMF has doubled its install base in the past year as demand for tiny parts grows
Boston Micro Fabrication (BMF), a pioneer in microscale 3D printing systems, has successfully closed its Series C round of funding, with a total of $43 million. The round was led by Shenzhen Capital Group Co., Ltd.
In the past, additive manufacturing has proven to be the most valuable when creating parts with low volume and/or high geometric complexity, which are often expensive or difficult to make using conventional techniques. Since it was founded in 2016, BMF has been addressing another market need – small, high-precision parts. The demand for parts on the millimeter scale, with micron-level tolerance, is on the rise and, historically, there were no additive manufacturing systems capable of producing at this level of quality while at the same time providing good throughput. BMF has changed that paradigm with its microArch 3D printing systems, which are built upon patented Projection Micro Stereolithography (PµSL) technology that enables ultra high-resolution parts (down to 2μm) to be 3D printed with unparalleled accuracy, precision, and speed.
The investment comes during a time of significant growth for the company. BMF has doubled its install base in the past year – with systems installed at over 200 customer locations around the world – bringing high-precision additive manufacturing capabilities to industries that are driven to miniaturize, including electronics, medical devices, optics/photonics, microfluidics, and advanced research. The company also recently expanded its global operations with new state-of-the-art facilities in Greater Boston, US, and Shenzhen, China, with additional locations in Chongquing, China, and Tokyo, Japan.
“Our business has scaled strongly, and we plan to use new capital to further expand our capability,” stated John Kawola, CEO of Boston Micro Fabrication. “Our global reach has been appreciated and valued by our customers, and our systems are now being used all over the world to both prototype parts that previously could not be 3D printed and drive end-use part production where conventional methods are difficult.”
BMF will use the capital from the recent funding round to advance product development, sales and marketing, and customer support as the company continues to expand and serve its global customer base.
