Uniformity Labs Raises $38 Million to Fuel AM Process and Material-Atomization EffortsFebruary 5, 2021
Uniformity Labs, a Fremont, CA, additive manufacturing (AM) company, announced the completion of a $38.35-million Series B financing round. The proceeds reportedly will drive the expansion of Uniformity Labs’ production capability and the development of additional specialized materials. This investment also will fuel growth of the company’s senior team, particularly in the sales and marketing function―a process that will ramp up substantially over the course of 2021, according to Uniformity Labs officials.
“This marks a significant milestone in our next phase of growth as we scale our metal-feedstock and print-applications businesses to greatly improve the AM value proposition for major manufacturers,” says 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.”
Uniformity Labs develops material and software solutions, including patented technology involving feedstock materials and print processes.“As its founding investor, IP Group, Inc. is excited to see Uniformity Labs poised to disrupt the AM market,” says Michael Burychka, CEO of IP Group. “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. Uniformity Labs is an excellent example of our focus on supporting the commercial development of innovative hard science from premier research institutions such as Princeton.”
See also: Uniformity Labs
Technologies: Metal Powders