AM SoftwareDfAM

CASTOR raises $3.5 million seed+ round lead by Xerox

Helping manufacturers automatically identify Additive Manufacturing opportunities

Stay up to date with everything that is happening in the wonderful world of AM via our LinkedIn community.

3D printing tech company CASTOR, which enables leading manufacturers to maximize additive manufacturing, opportunities, closed a $3.5 million seed+ round. The round includes two new investors — Xerox, a global technology company, which recently launched its ElemX 3D liquid metal printer for Metal Additive Manufacturing, and Spring Ventures, a Tel Aviv based publicly-traded company.

Led by Aviv Refuah, Spring Ventures is invested in leading tech companies, such as Perimeter 81, Guesty, Gloat and others. The company’s existing investors have continued to increase their commitment to CASTOR’s success, and they also participated in the round. That includes Evonik Venture Capital, Mr. Jeremy Coller, TAU Ventures, and Chartered Group who aids the company in engaging with large enterprises in Japan and Singapore.

CASTOR was founded in November 2017 by Omer Blaier who is CASTOR’s CEO, and Elad Schiller who is the company’s CTO. The two met during their military service. 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 Omer Blaier. “The investment will allow us to grow, and further address the needs of large enterprises.”

CASTOR raises $3.5 million seed+ round lead by Xerox

Castor’s platform, cloud-based or ‘on prem’, analyzes parts to identify which are a good fit for 3D printing, both technically and economically. The platform suggests best-match materials and 3D printing technology, carries out geometric analyses, identifies redesign opportunities, compares the cost of additive printing to traditional manufacturing, and simulates the likelihood of failure.

Using CASTOR, manufacturers are able to analyze thousands of CAD files to efficiently assess which parts are suitable for additive manufacturing and identify optimal materials and printing technology for production. Finally they can validate the design and evaluate failure risk using CASTOR’s stress test simulation

A ‘white label’ version of CASTOR was implemented by several industry leaders over the past two years, including Evonik and Nexa3D. As a result of using CASTOR’s platform, these 3D printing OEMs enhanced their AM business with a tailor-made platform. The ‘white label’ version can be used to boost sales and generate leads or to increase the usage of printing, materials, services and parts ordering.

Research
Composites AM 2024

746 composites AM companies individually surveyed and studied. Core composites AM market generated over $785 million in 2023. Market expected to grow to $7.8 billion by 2033 at 25.8% CAGR. This new...

Davide Sher

Since 2002, Davide has built up extensive experience as a technology journalist, market analyst and consultant for the additive manufacturing industry. Born in Milan, Italy, he spent 12 years in the United States, where he completed his studies at SUNY USB. As a journalist covering the tech and videogame industry for over 10 years, he began covering the AM industry in 2013, first as an international journalist and subsequently as a market analyst, focusing on the additive manufacturing industry and relative vertical markets. In 2016 he co-founded London-based VoxelMatters. Today the company publishes the leading news and insights websites VoxelMatters.com and Replicatore.it, as well as VoxelMatters Directory, the largest global directory of companies in the additive manufacturing industry.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close Popup
Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

Technical Cookies
In order to use this website we use the following technically required cookies
  • PHPSESSID
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Save
Accept all Services

Newsletter

Join our 12,000+ Professional community and get weekly AM industry insights straight to your inbox. Our editor-curated newsletter equips executives, engineers, and end-users with crucial updates, helping you stay ahead.