Adaptive3D Announces Series A Investment Round Co-led by DSM Venturing and Applied Ventures
February 5, 2019 | Dallas, TX
Adaptive3D™, a premium additive manufacturing polymer resin supplier delivering tough, strain-tolerant and flexible materials, announced today that it has secured Series A financing from a syndicate co-led by DSM Venturing and Applied Ventures, LLC. DSM Venturing is the strategic funding arm of Royal DSM, a global science-based company active in sustainable living, nutrition and additive manufacturing, and Applied Ventures is the venture capital arm of Applied Materials, the leader in materials engineering solutions. Also joining the round are Chemence, a multinational materials and adhesives supplier and current investors led by Mary McDermott Cook and the late Margaret McDermott, whose father, and husband respectively, founded Texas Instruments in 1951.
Adaptive3D printable photoresins are targeting the high-throughput manufacturing of complex 3-dimensional plastic and rubber parts, with unmatched mechanical properties, in open-air production environments. Royal DSM and Applied Materials provide the cornerstones of an emerging additive manufacturing ecosystem that will help Adaptive3D as it aims to deliver materials-centric solutions to global companies in consumer, healthcare, industrial, transportation and oil and gas sectors.
“Adaptive3D seeks to challenge the cost, throughput and performance in markets today dominated by traditional injection molding, blow molding and other thermoplastic processing techniques,” said Adaptive3D founder and CEO, Walter Voit. “By delivering lightweight, sustainable, micro-latticed structures with superior thermal, chemical, optical and mechanical properties, Adaptive3D seeks to drastically increase the utilization of plastics and rubbers in end applications using additive manufacturing.”
“At DSM we believe that the age of additive manufacturing for industrial applications is, in fact, the age of materials,” said Hugo Da Silva, DSM VP of Additive Manufacturing. “Adaptive3D’s engineered photoresins enable new design paradigms in end applications. Working together with Applied Materials allows us to think globally about big problems at scale and offer big ecosystem solutions.”
“Applied Materials is a global leader in semiconductor processing and patterning with light and e-beam technology,” said Om Nalamasu, President of Applied Ventures and CTO of Applied Materials. “Adaptive3D’s photoresins coupled with large-area processing and advanced patterning techniques could potentially deliver robust materials-based solutions at high throughput and low cost across multiple industry verticals.”
“There are only a handful of chemical companies around the world with the global supply chain, distribution channels and application expertise to drive change in how the world manufactures plastics,” said Voit, “and we are thrilled to have Royal DSM, one of them, ranked as one of the world’s most sustainable companies, partnering with Adaptive to further develop its engineered materials. In a similar vein, there are only a handful of companies in the world with the materials expertise, equipment manufacturing capabilities at scale and creative internal culture to enable a paradigm change in additive manufacturing. Applied Materials is at the top of that list.”
About Adaptive3D Technologies
Adaptive3D delivers premium polymer resins for additive manufacturing and specialty end applications. The company has a mission to enable high volume additive manufacturing through optimized materials. Adaptive3D offers leading additive manufacturing polymer resins and specialty polymers to a range of industries around the world in consumer, healthcare, industrial, transportation and oil and gas sectors. The company leads in printing and processing rubber-like materials, tough damping materials, and low-cure stress photopolymers. The deeply technical company has developed a patent portfolio based on fundamental materials research, some of which has been translated from the University of Texas at Dallas and is based on past funding from the Defense Advanced Research Projects Agency, the National Science Foundation and the National Institutes of Health. For more information, please visit about us page.
About Royal DSM
Royal DSM is a purpose-led global science-based company in Nutrition, Health and Sustainable Living. DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders. DSM delivers innovative business solutions for human nutrition, animal nutrition, personal care and aroma, medical devices, green products and applications, and new mobility and connectivity. DSM and its associated companies deliver annual net sales of about €10 billion with approximately 23,000 employees. The company is listed on Euronext Amsterdam. More information can be found at www.dsm.com.
About Applied Ventures
Applied Ventures, LLC, is the venture capital arm of Applied Materials, Inc., (NASDAQ: AMAT). Applied Materials is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. For more than a decade, Applied Ventures has invested in startups that are pioneering innovations in smartphones, augmented and virtual reality, AI, driverless cars, big data, life sciences, 3D printing, robotics, cleantech, and advanced materials. Startups can access new materials engineering and semiconductor technology innovations and leverage our global fab infrastructure to validate high-performance devices and scale faster. We offer startups atomic-level engineering capabilities on 200mm/300mm silicon wafers, glass substrates, and roll-to-roll substrates. Applied Ventures is stage agnostic and invests up to $50M per year globally. We have invested in over 75 companies across 13 countries. Learn more at www.appliedventures.com.