Azul 3D lands $12.5M to advance proprietary printing tech

The funding will help Azul 3D launch its first commercial printers too

Azul 3D has secured $12.5 million in oversubscribed seed financing to advance its proprietary high-area rapid printing (HARP) technology and launch its first commercial printers.

Azul 3D unveiled its new 3D printing technique last fall when it announced a 13-foot-tall printer that boasted a 2.5-square-foot print bed capable of printing about half a yard in an hour. Ever since the announcement, the company has continued picking up steam. 

Amid the coronavirus pandemic, Azul 3D has used its HARP technology to produce medical face shields at a record rate of 1,000 components per printer in a 12-hour shift. The company plans to accelerate its beta printers to print 20,000 shields per week within the next few months.

“One of the reasons we’re doing so well is because our technology offers a solution to unexpected surges in demand and supply-chain bottlenecks that occur during global crises, such as in the current pandemic,” said David Walker, Azul 3D co-founder and chief technology officer.

“With the ability to manufacture nearly anything quickly and on demand, we can meet these unexpected needs as they arise to quickly fill gaps in the supply chain,” Walker continued.

Chad Mirkin, Azul 3D co-founder and chair added, “Investors recognize the paradigm shifting and disruptive nature of Azul’s proprietary HARP 3D printing technology.”

Invented and developed at Northwestern University, HARP enables users to print 3D structures from various materials. The company says its HARP printers can manufacture parts at production speeds that outpace their competitors.

As part of the funding round, Azul 3D also added several new key backers to its investor pool, including Louis A. Simpson, former Geico CIO, former manager of Berkshire Hathaway and founder of SQ Advisors; Wally Loewenbaum, former chairperson of 3D Systems; Joe Allison, former CEO of Stratasys Direct Manufacturing; and Hugh Evans, former senior vice president of corporate development for 3D Systems.

Featured Resources

How to be an MSP: Seven steps to success

Building your business from the ground up

Download now

The smart buyer’s guide to flash

Find out whether flash storage is right for your business

Download now

How MSPs build outperforming sales teams

The definitive guide to sales

Download now

The business guide to ransomware

Everything you need to know to keep your company afloat

Download now

Recommended

HP’s new print solutions support a hybrid workforce
Hardware

HP’s new print solutions support a hybrid workforce

12 May 2021
Best printers 2021
Hardware

Best printers 2021

19 Mar 2021
Epson WorkForce Pro WF-C5210DW review: Quality that’s beyond reproach
peripherals

Epson WorkForce Pro WF-C5210DW review: Quality that’s beyond reproach

16 Dec 2020
Lexmark C3426dw review: Laser precision
peripherals

Lexmark C3426dw review: Laser precision

25 Nov 2020

Most Popular

KPMG offers staff 'four-day fortnight' in hybrid work plans
flexible working

KPMG offers staff 'four-day fortnight' in hybrid work plans

6 May 2021
Dell XPS 17 (2021) review: A big laptop for big jobs
Laptops

Dell XPS 17 (2021) review: A big laptop for big jobs

10 May 2021
16 ways to speed up your laptop
Laptops

16 ways to speed up your laptop

29 Apr 2021