Wednesday, November 22, 2017

Divergent 3D Raises $65M More

Los Angeles-based Divergent 3D, a developer of 3D metal printing technology for the manufacturing industry, has raised $65M more, with an option of an additional $40M in investment, the company said late Tuesday. The funding is being led by O Luxe Holdings Limited, and also includes Horizons Ventures, Shanghai Alliance Investment Limited and Altran Technologies. Divergent 3D said the aggregate funding round is worth $107M. Divergent 3D is focused on applying its technology to the car and transportation market. The company said it is developing both the hardware and software to enable 3D metal printing of vehicle structures. The company's founder and CEO is Kevin Czinger.