Chinese 3D printing service provider LuxCreo announced that the company has completed its series B round financing of USD30 million and its investors included KPCB, Northern Light Venture Capita, and Shunwei.
Prior to this, LuxCreo had completed two rounds of financing.
KPCB previously invested in an American metal 3D printing company named Desktop Metal; Northern Light Venture Capita is very optimistic about LuxCreo; and Shunwei takes the investment in LuxCreo as an important strategic layout in the intelligent manufacturing sector.
With the new investments, LuxCreo will further improve industrial chain and enhance equipment and material R&D and development of customized software, aiming to meet the scale application demands of various sectors.
According to public files, LuxCreo's first batch of intelligent factories in Ningbo has distributed many product lines for bulk trial production. In addition, the company continues to recruit high-end talents. So far, it has over 80 people working in Beijing, Ningbo, Taipei and Silicon Valley, USA.