Israeli metal 3D printing company XJet Ltd., has raised additional funding of $25 million. Companies in the field of 3D printing have received much attention recently, particularly those within the metal additive manufacturing arena, which has shown tremendous growth.
The funding round was led by the Catalyst CEL Fund, an Israeli-Chinese private equity fund and Autodesk, Inc., a leader in 3D design engineering and entertainment software, through its Spark Investment Fund, as well as other existing shareholders.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
XJet Ltd. was founded in 2005 by Hanan Gothait, to bring to market the first ground-breaking inkjet-based 3D printing system for metal parts. XJet boasts 50 multidisciplinary R&D specialists and has filed more than 50 registered and pending patents.
Dror Danai, Xjet CBO, said “printing to make metal parts area has great potential to meet the growing demand for producing short runs of metal parts. XJet’s innovative technology uses metal nanoparticles which generate precision parts with complex geometries for use in a variety of applications in aerospace, automotive, medicine, dental and other industries.”
Xjet’s ground-breaking technology called NanoParticle JettingTM uses nanoparticles in liquid suspension to build 3D metal parts. The technology enables a more accurate production of highly complex parts than that of other current technologies.
XJet changed its focus from the solar arena to concentrate exclusively on the development of a solution for the metal additive manufacturing industry during the last two years.
The Catalyst CEL Fund is the first dedicated Israel-China private equity Fund, which was established in partnership with Catalyst Private Equity, a leading Israeli PE firm and China Everbright Limited, a leading Hong Kong based asset manager. The Fund is represented by Managing Partner Yair Shamir who was appointed Chairman of XJet. The Fund supports the growth and market entry of Israeli companies into Greater China and thus acts as an important gateway between Israeli innovation and the Chinese economy.
Yair Shamir, Managing Partner of Catalyst CEL Fund and Chairman of XJet says: “XJet has a highly seasoned and experienced management team, with innovative, and even revolutionary technology, which we trust will make a significant change in the production industry of sophisticated metal parts. Jointly with our Chinese partners, we hope to help the company make a meaningful entry into the Chinese industry and production market.
