3YOURMIND, a provider of software solutions for Additive Manufacturing processes, has reported the closing of a $12 million Series A funding round. The funds raised will be used to further expand into the US market, following the company’s successful market entry which resulted in the addition of major aerospace and engineering customers.
Money will also be earmarked to drive initial entry into the Asian market as well as the development of further, innovative software tools for industrial 3D printing. The company also announced the opening of its East Coast office, based in New York City, USA.
“The strong demand we are seeing from large, established businesses for our industrial 3D printing solutions confirms this is the future of high-tech manufacturing in the US and globally,” stated Aleksander Ciszek, 3YOURMIND’s CEO. “We are committed to shaping the production processes of digitised factories, and are delighted to have four outstanding strategic partners investing in our vision, including EOS and TRUMPF which are global leaders in the industrial 3D printing market.”
3YOURMIND has developed software solutions for industrial Additive Manufacturing that enable capabilities such as real-time printability analysis and the automatic optimisation of 3D models. In 2016, the company was awarded the “German Innovation Prize” and entered the elite StartX Accelerator network in Silicon Valley in 2017.