Bayonne, France-based Lynxter, a manufacturer of one-of-a-kind industrial 3D printing machines, announced that it has raised €4M in a Series A round of funding.
Existing investors, and new partners Etchart group, NACO (advised by M/capital), Pyrénées Gascogne Développement, and HERRIKOA, participated in the funding round.
The French company says it intends to use the funds to expand to other countries, consolidate leadership in elastomer (silicon) 3D printing, continue research and hire up to ten team members.
Founded in 2016 by three students from the National School of Engineers of Tarbes – Thomas Batigne, Julien Duhalde, and Karim Sinno.
Lynxter was born in a garage.
The startup offers industry 4.0 open additive manufacturing machine tools to industries (aerospace, biomedical, etc.), education, and communities (technological platforms and fablabs).
Lynxter designed the first modular industrial 3D printing machine, the S600D. Since its first funding, Lynxter claims to have multiplied its market with other large companies such as Schneider, Sanofi, and Renault.
The company has also expanded its ecosystem, in particular with the marketing of its new machine, the S300X, entirely dedicated to silicone printing, and with the launch of its range of materials.
The technology offered by the company aims to boost design and innovation to offer agile and flexible means of production while optimizing resources, both human and material.
Read more on Tech Gist Africa:
French AI-powered computer vision startup XXII raises €22M