Impossible Objects LLC has raised a $6.4 million Series A investment round led by OCA Ventures and with participation from IDEA Fund Partners, a technology-focused early stage venture capital firm, Mason Avenue Investments, Huizenga Capital Management, and Inflection Equity Partners. With this latest round, Impossible Objects has raised a total of more than $9 million.
“We’ve seen incredible momentum as more corporations are looking to additive manufacturing for production purposes and not just prototypes or low volumes. These companies need strong parts that can be made fast,” says Robert Swartz, founder and chairman of Impossible Objects. “We’re delighted to work with our investment partners to meet this massive opportunity.”
This spring, the company debuted its pilot Model One printer and acquired its first customer, the Fortune 500 Jabil Inc., a product solutions company providing comprehensive electronics design, production and product management services to global electronics and technology companies. The Model One won the Innovation Award at the RAPID + TCT 3D Printing and Additive Manufacturing conference for the service or product that will have the greatest impact on the industry.
Impossible Objects’ composite-based additive manufacturing method (CBAM) leverages high-speed 2D graphics technologies and enables companies to use a range of composite materials, including carbon fiber, Kevlar and fiberglass together with PEEK and other high performance polymers, to build strong, lightweight parts at scale.
The Model One will be commercially available in 2018, and pilot versions of the machine are available now on a selective basis.