Boston Micro Fabrication Secures $24M Series D Funding
The new capital infusion will support development of end-use products across life sciences, dental and electronics industries.
August 15, 2023
Boston Micro Fabrication (BMF) has raised a $24 million Series D round led by Guotai Junan Securities. With the funding, BMF will improve its research and development, promote and extend its terminal products, and strengthen its global collaborations across medtech and high-end manufacturing.
BMF was established in 2016 and is an additive manufacturing company capable of producing high precision at the 2μm scale. Nearly 2,000 scientific research institutions and industrial enterprises from 35 countries around the world are working with BMF to enable rapid prototyping or for more efficient production of micro-scale parts. The current funding comes just 1 year after BMF completed a $42 million Series C round of financing in 2022.
“We’ve proven we can meet the needs of our customers, but we know that our technology can do more. Through our Research Institute in San Diego and multiple efforts on other projects being developed globally, we’re entering an era of self-driven innovation to identify new opportunities that are uniquely enabled by our technology,” says John Kawola, CEO Global, BMF. “This funding ensures we can continue our unwavering commitment to our customers and partners, while giving us the resources to power new innovation.”
To produce precise high-resolution 3D prints, BMF’s printers use Projection Micro Stereolithography (PμSL) technology leveraging light, customizable optics, a high-quality movement platform and controlled processing technology. By combining multiple performance materials and related post-treatment processes, BMF has developed a new precision manufacturing solution.
“Miniaturization, precision and complexity of devices are the major trends in industrial development. Despite this market pressure, traditional manufacturing processes struggle at the smaller scale companies are now demanding,” says Xiaoning He, co-founder and CEO, BMF. “BMF’s technology can play an essential role in meeting this need. With the continued support of our investors, we will continue to empower and incubate products in related application fields and collaborate extensively with our partners to advance micro-scale additive manufacturing.”
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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