Thursday, April 28, 2022

Divergent Technologies Takes $160M For Industrial 3D Printing

Los Angeles-based Divergent Technologies, a developer of industrial 3D printing systems, said this week that it has raised $160M in its Series C funding round. The company said that John L. Thornton, the former President of Goldman Sachs, has joined the company as part of the funding; other investors include Tom Steyer and David Beirne, former of Benchmark Capital. Divergent Technologies previously raised $200 million from investors including Horizons Ventures and Altran Technologies. According to the company, it is developing additive manufacturing (3D printing) techniques to make manufacturing of vehicles more efficient. The company is led by founder and CEO Kevin Czinger.