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Rapid Liquid Print, a Boston, MA-based additive manufacturing startup, raised USD7M in Series A funding.
The round was led by HZG Group with participation from existing investors BMW i Ventures and MassMutual.
The company intends to use the funds to scale production, expand the team of experts behind the technology, and build additional business areas.
Led by CEO Schendy Kernizan, Rapid Liquid Print provides 3D printers that can produce large-scale, high-resolution, soft and stretchable products in minutes. The machines are used to print customer orders across many industries, including but not limited to medical, automotive and consumer goods sectors. In addition to the printing technology, the company has developed a software platform to control the print head within the three-dimensional gel space.
The company was founded in 2015 as a spin-off from the Massachusetts Institute of Technology (MIT).