Divergent Technologies raises $230 million in series D equity financing

Divergent Technologies, Inc., the company that has invented, developed, and commercialized the world’s first end-to-end digital industrial manufacturing system, completed a Series D equity financing totaling $230 million. The round was led by a $100 million investment from Hexagon AB and included participation from new and existing institutional and family office investors.

Divergent has developed the Divergent Adaptive Production System (“DAPS), an end-to-end system-level replacement for traditional design, manufacturing, and assembly solutions. DAPS is a complete software-hardware production system that leverages in-house developed AI-driven generative design software to computationally engineer structures, novel materials and additive manufacturing to materialize structures, and automated fixtureless assembly to create large multi-part assemblies. Products created using DAPS are superior in performance, lower in cost, rapidly customizable to meet mission and customer-specific requirements, faster to market, and scalable on demand to high-volume production.

“DAPS was created to serve as the foundation for a global system of regional manufacturing facilities that combine and fully exploit supercomputing, AI, robotics and additive manufacturing in a novel way,” said Kevin Czinger, Founder, Lead Inventor and CEO. “We now have entered the ‘4D Age’ of fully digitized design-manufacturing-assembly as a service, dematerialized products using and requiring less material and energy, distributed regional production, and democratized access to the tools, data and production assets necessary for innovation in our human-built world.”

Divergent uses this revolutionary system to supply the automotive, aerospace and defense industries with next-generation products as a certified Tier 1 supplier. It has seven blue-chip automotive customers, including Aston Martin and Mercedes-AMG. Within the aerospace and defense industry, Divergent is actively working with six U.S. government contractors across a diverse range of applications.

Lukas Czinger, President and Chief Operating Officer added, “DAPS allows customers to develop higher performing products on faster timelines and with zero design-specific capex, freeing manufacturers from the burdens of legacy design decisions. Divergent is on a mission to rebuild the American industrial base with a truly transformational manufacturing technology.”