Massivit 3D Printing Technologies Ltd. revealed it has received backing by 3-D printing community's top innovator, Stratasys. The deal amount or terms have not been disclosed yet, but the investment is sure to provide the boost the promising Israeli start-up is looking for.
Massivit has been making a name for itself as a provider of large-formal 3D printing solutions, and targets the visual market with its large-display objects for point-of-sale branding, advertising, exhibitions, theme parks, and other applications. As 3D Printer and 3D Printing News represents, the company has been founded by a group of veterans who've put together resources to build this start-up that will focus on large-object market segment. Massivit was looking to craft more solutions to expand its base after introducing the revolutionary, proprietary technology, Gel Dispensing Printing (GDP).
The company also boasts of a Massivit 1800 3D printer, its first machine which uses Dimengel material to form objects. In September, they brought in the first commercial version of this 3-D printer, which produced a 2 meter long 3D printed shark sculpture. The Massivit founders are confident that this solution will take the market by storm, enabling them to capitalize on this technology and capture the markets requiring fast manufacturing.
"The investment by Stratasys, which comes after a comprehensive due diligence process, is a strong validation of our unique technology and strong value proposition," said the Massivit CEO Avner Israeli, as per PR Newswire. "We look forward to Stratasys' support in the fulfillment of our vision, including sharing its operational experience and insights, helping us expand into new markets and more."
Located in Minneapolis, Minnesota, and Israel, Stratasys has been a leader in the field of 3D printing and additive manufacturing for more than 25 years. Having bagged more than 30 leadership and technology awards, this player is also known for fostering innovation in the printing industry. This automatically entails investing in and collaborating with research centers, start-up companies, and new players who promise potentially disruptive technology. Already known for its ability to sense new talent, Stratasys' latest investment, thus, has a lot to say about the new start-up that is already carving a niche for itself.
"With Massivit, we gain exposure to markets and applications in which Stratasys is not active today such as visual branding, outdoor signage, landscaping and construction," said Stratasys Vice President of Corporate Development & Ventures, Alon Elie, according to Yahoo Finance. "We are excited about the possible applications of Massivit 3D's GDP technology in those markets and others, which we will jointly explore."
The Israeli start-up plans to use the investment proceeds to accelerate market growth, expand existing and create additional markets, shape its logistics and manufacturing capabilities, and work towards creating a global presence.
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