Asahi Kasei leads investment in Castor’s intelligent manufacturing optimisation software

May 18, 2023

Asahi Kasei has invested in Castor Technologies, a developer of advanced supply chain software suitable for Additive Manufacturing (Courtesy Castor Technologies)
Asahi Kasei has invested in Castor Technologies, a developer of advanced supply chain software (Courtesy Castor Technologies)

Castor Technologies Ltd, Tel Aviv, Israel, a software startup in the Additive Manufacturing industry, has secured funding from Asahi Kasei, a Japanese multinational corporation headquartered in Tokyo. In addition to Asahi Kasei’s investment, existing investors such as Xerox, Spring Ventures, Evonik Venture Capital, Jeremy Coller, TAU Ventures, and Chartered Group have also contributed to the funding round.

Castor Software works to optimise manufacturing processes with its supply chain software. Using advanced proprietary algorithms, Castor automatically identifies components suitable for Additive Manufacturing, leading to a reduction in time, cost, and CO2 emissions when compared to traditional manufacturing methods.

THE WORLD OF METAL AM TO YOUR INBOX
Subscribe to our twice-weekly newsletter
Register now

“We are excited to have the support of Asahi Kasei and our other investors,” stated Omer Blaier, Co-Founder & CEO of Castor. “This investment will enable us to continue our efforts in developing and expanding our software solutions, which aim to assist manufacturers in optimising their production processes for greater efficiency and sustainability. We look forward to collaborating with our investors to bring our technology to a wider audience and serve more industries worldwide.”

The investment marks Asahi Kasei’s first venture in the Additive Manufacturing industry and was mutually celebrated with Takashi Morishita, president of CVC at Asahi Kasei sharing “The Asahi Kasei Group is committed to supporting a sustainable future through their investment in Castor’s innovative software solutions for identifying opportunities to implement Additive Manufacturing. We see the software is a key enabler to promote Industry 4.0, which focuses on the integration of advanced technologies to increase efficiency and productivity. Castor’s mission aligns with Asahi Kasei’s goal the implementation of Additive Manufacturing in the industry in a more efficient and sustainable method.”

www.asahi-kasei.com

www.3dcastor.com

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Aluminium Additive Manufacturing: How a new generation of alloys will fuel industry growth
  • Shaping a national Additive Manufacturing ecosystem: The strategic growth of metal AM in Türkiye
  • How metal Additive Manufacturing is transforming modern hydraulic systems
  • High-performance product development in the era of computational design: a case study with nTop and NASA
  • The Additive Manufacturing of record-breaking pure copper heatsinks for high-performance computing applications
  • The Additive Manufacturing of tool steels: how non-linear modelling enables precise hardness control

Join 40,000+ other AM professionals – follow us online

Don’t miss a thing – register for our newsletter

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Register now

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
Find suppliers

About Metal Additive Manufacturing magazine

Metal AM magazine, published quarterly in digital and print formats, is read by a rapidly expanding international audience.

Our audience includes component manufacturers, end-users, materials and equipment suppliers, analysts, researchers and more.

In addition to providing extensive industry news coverage, Metal AM magazine is known for exclusive, in-depth articles and technical reports.

Our focus is the entire metal AM process from design to application.

Each issue is available as an easy-to-navigate digital edition and a high-quality print publication.

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Share via
Copy link
Powered by Social Snap