Money & Funding

Chromatic 3D Materials raises $3.1 million

To expand commercialization and build software, engineering, and sales teams

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

Chromatic 3D Materials, an additive manufacturing technology provider, has raised $3.1 million in an oversubscribed pre-financing round – with more than half of the funds coming from new investors. The funds will enable the company to further develop its technology, scale production, grow its sales and technology teams, and advance applications-related research and development with its partners in the transportation and defense industries.

“The success of our pre-financing round shows intense confidence in our business even amid a tough investment climate. We are pleased to see such a positive response from investors who share our vision of transforming manufacturing and supply chains with our adaptable printing system and industrial-grade materials,” said Cora Leibig, Founder and CEO of Chromatic 3D Materials.

To accelerate and expand commercialization, Chromatic is expected to grow its organization by about 35% in the coming months. The company is actively recruiting software developers and additive manufacturing engineers in the US and Germany, and is also building up its sales teams.

The company is in the early revenue stage and is preparing for a priced round later this year.

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...

Edward Wakefield

Edward is a freelance writer and additive manufacturing enthusiast looking to make AM more accessible and understandable.

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Your email address will not be published.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.