Divergent’s latest $230 million funding round to accelerate commercial scale-up of DAPS
November 15, 2023
Divergent Technologies, Inc, located in Torrance, California, USA, has announced the completion of Series D equity financing totalling $230 million. The round was led by a $100 million investment from Sweden’s Hexagon AB and included participation from new and existing institutional and family office investors.
Divergent has developed the Divergent Adaptive Production System (DAPS), intended to act as an end-to-end system-level replacement for traditional design, manufacturing, and assembly solutions. DAPS is a complete software-hardware production system that leverages in-house developed AI-driven generative design software to computationally engineer structures, novel materials and Additive Manufacturing to materialise structures, and automated fixtureless assembly to create large multi-part assemblies.
Products created using DAPS are said to be superior in performance, lower in cost, rapidly customisable to meet mission and customer-specific requirements, faster to market, and scalable on demand to high-volume production.
Divergent uses this system to supply the automotive, aerospace and defence industries with next-generation products as a certified Tier 1 supplier. It has seven blue-chip automotive customers, including Aston Martin and Mercedes-AMG. Within the aerospace and defence industry, the company is actively working with six US government contractors across a diverse range of applications. Divergent is also the parent company of Czinger Vehicles, maker of the Czinger 21C hypercar featuring over 350 AM components.
“DAPS was created to serve as the foundation for a global system of regional manufacturing facilities that combine and fully exploit supercomputing, AI, robotics and Additive Manufacturing in a novel way,” said Kevin Czinger, founder, Lead Inventor and CEO. “We now have entered the ‘4D Age’ of fully digitised design-manufacturing-assembly as a service, dematerialised products using and requiring less material and energy, distributed regional production, and democratised access to the tools, data and production assets necessary for innovation in our human-built world.”
Lukas Czinger, president and Chief Operating Officer added, “DAPS allows customers to develop higher performing products on faster timelines and with zero design-specific capex, freeing manufacturers from the burdens of legacy design decisions. Divergent is on a mission to rebuild the American industrial base with a truly transformational manufacturing technology.”
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