Sun Metalon, Kanagawa, Japan, has announced that it has raised a total of JP¥800 million (US$5.6 million) from investors in Japan and the United States. With this latest round, cumulative funding since the company’s founding is approximately JP¥1.1 billion (US$7.7 million).
In the future, Sun Metalon will launch its own Additive Manufacturing machine, the Sun Metalon. This machine has a 150 x 150 x 400 mm build size and is said to be capable of producing up to twenty parts per day at 98% density. Sun Metalon produces its own metal powder from ores, which the company believes will help drive the adoption of metal AM globally and give better access to domestic metal material supplies.
“Japan has historically been strong in the area of production machinery, but it has fallen behind Europe and the United States in metal 3D printers, which are the heart of next-generation manufacturing,” stated Tatsuya Nakamura of Sun Metalon investor Globis Capital Partners. ”Among them, Sun Metalon has the potential to lead technological innovation globally and across industries, and we are looking forward to the day when it contributes widely to society as a deep tech unicorn from Japan.”
Kazuhiko Nishioka, co-founder and CEO of Sun Metalon added, “We are very encouraged by the support of investors who have notable achievements and strengths in Japan, the United States, and globally in aiming for the global and space markets with Japanese technology. We will bring together the collective strengths of all those involved to realise test sales of the first unit in October 2022 and the official release of the first unit in early 2023 without delay. We are also looking forward to the participation of those who sympathise with our vision and take on challenges together.”
Sun Metalon will display its metal Additive Manufacturing machine at JIMTOF2022, scheduled to take place in Tokyo from November 8-13, and Formnext 2022, in Frankfurt, Germany, from November 15-18.