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Impossible Objects Raises $6.4M in Investment

TCT Magazine awarded the composite 3D printing company Impossible Objects its Technology Innovation Hardware Award.  Now that company, based in Chicago, “has raised $6.5 million in a Series A investment round led by OCA Ventures and with participation from IDEA Fund Partners, Mason Avenue Investments, Huizenga Capital Management, and Inflection Equity Partners.”

This new boost of capital means that Impossible Objects has raised a total of $9 million in investment “for its composite-based additive manufacturing (CBAM) technology which produces strong, lightweight parts at scale from fibre-reinforced composites, including carbon, Kevlar, and fibre glass fabrics bonded with high performance polymers such as nylon and PEEK.”

Impossible Objects’s Founder and Chairman Robert Swartz explains: “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.  We’re delighted to work with our investment partners to meet this massive opportunity.”

Impossible Objects debuted is Model One 3D Printer at RAPID + TCT and will officially launch it in 2018.  Impossible Objects’s CEO Larry Kaplan is excited for the future of his company: “we’re just scratching the surface of how fast we can build parts and materials at scale.  This funding will only accelerate our ability to develop our technology and roll it out to the biggest companies worldwide.”

Image and Quotes Courtesy of TCT Magazine

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