This week, California-based metal 3D printing company Velo3D revealed it had raised an additional $12m in funding, taking its total to $150m. The money will be used to develop a new approach to metal 3D printing, reducing the need to re-design parts for additive manufacturing.
Velo3D believes this approach can help engineers realize the potential that lies in metal 3D printing.
The 3D printing industry is not short of potential. In 2019, GlobalData estimated the market would be worth $32bn by 2025, growing at a compound annual growth rate (CAGR) of 16% between 2018 and 2025. Impact on supply chains and customization There are several ways in which 3D printing will have an impact on supply chains and drive competitive advantage. It will decentralise production, as the technology’s portability will help companies get products to customers faster via local markets, meaning there will be a shift […]
Drones bring great energy to the design and 3D printing realm, with engineers engaged in developing new technology...