Uniformity Labs closes $38 million Series B finance round

February 3, 2021

Uniformity Labs completed a recent $38.35 million funding round (Courtesy Uniformity Labs)

Additive Manufacturing company Uniformity Labs, Inc., (UL), based in Fremont, California, USA, has completed a $38.35 million Series B funding round. It was stated that the proceeds will predominantly drive the expansion of its production capability and the development of additional specialised materials. It will also fuel the growth of the senior team, particularly in the sales and marketing function – a process that will ramp up substantially over the course of 2021.

“This marks a significant milestone in our next phase of growth as we scale our game-changing metal feedstock and print applications businesses to greatly improve the 3D printing value proposition for major manufacturers,” stated Adam Hopkins, founder and CEO of Uniformity Labs. “What’s important about this round is the level of commitment from new financial and strategic industry investors, which stands as an important endorsement of our technology and business model.”

The Series B funding round included existing investors as well as new financial and strategic investors.

Michael Burychka, CEO of IP Group, Inc., commented, “As its founding investor, IP Group is excited to see Uniformity Labs poised to disrupt the AM market. Adam Hopkins and his team have done a tremendous job developing the core technology created in Professor Sal Torquato’s labs at Princeton University to unlock the potential of powder-based manufacturing. UL is an excellent example of our focus on supporting the commercial development of innovative hard science from premier research institutions like Princeton.”

An investment to finance plant construction was made from a fund managed by Orion Resource Partners, a global alternative investment management firm with approximately $6.3 billion under management. Orion is one of the world’s leading investors in the mining, metals processing, and metal commodity trading industries.

“Orion is pleased to make its first investment into the Additive Manufacturing and metals atomisation industries through Uniformity Labs. We look forward to supporting their growth within this rapidly evolving industry,” added Oskar Lewnowski, the Chief Investment Officer of Orion Resource Partners.

Uniformity Labs develops material and software solutions to accelerate and expand global commercial/industrial Additive Manufacturing markets. Its patented technology is said to enable significant cost savings, speed, and quality improvements across all mainstream AM machines. UL states that its feedstock materials and AM build processes dramatically impact the value chain by increasing the reliability and efficiency of Additive Manufacturing.

Armory Securities acted as exclusive financial advisor and placement agent for UL for the Series B round. Mercator Partners, an asset manager located in Princeton, New Jersey, USA, helped to arrange and close the financing.

www.uniformitylabs.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:

  • LEAP 71: Why engineering must move beyond CAD to realise the promise of AI and Additive Manufacturing
  • Additive Manufacturing and European defence: a critical opportunity as the US and China accelerate ahead
  • A market analyst’s view: Europe’s opportunity as defence AM surges in the US and China
  • From Fixed Processes to flight parts: How REM’s advanced surface finishing supports NASA JPL’s AM innovations
  • The future of large metal parts: WAAMathon #2 showcases developments in Wire Arc Directed Energy Deposition
  • Wire Electron Beam Directed Energy Deposition (DED): Advancing productivity and sustainability in metal AM
  • Building trust in AM: How Qualified AM GmbH is enabling regulated production at scale

TRUSTED CONTENT. TARGETED AUDIENCE

Advertise with Metal AM and access a global base of 50,000+ AM professionals.

Contact Jon Craxford: [email protected]

  • 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

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

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

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