Divergent Technologies, a Los Angeles, CA-based company providing end-to-end digital industrial manufacturing systems, raised $230M in Series D funding.
The round was led by a $100 million investment from Hexagon AB and included participation from new and existing institutional and family office investors.
The company intends to use the funds to accelerate its commercial scale-up across automotive, aerospace, and defense production.
Led by CEO Kevin Czinger, Founder and CEO, and Lukas Czinger, President and Chief Operating Officer, Divergent has created an end-to-end software-hardware production system for industrial digital manufacturing – the divergent adaptive production system (DAPS™) – allowing customers to design, additively manufacture, and assemble complex structures for automotive, aerospace, and defense applications.
The company 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.