Asahi Kasei leads investment in Castor’s intelligent manufacturing optimisation software
May 18, 2023
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.
“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.”
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