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Oxford Performance Materials Closes $10M Second Round Investment from Hexcel Money & Funding

by Business

Oxford Performance Materials, Inc. (OPM), a leader in advanced materials science and high performance additive manufacturing (HPAM), today announced that it has closed on an additional round of strategic investment from Hexcel Corporation. In May 2016, OPM and Hexcel announced an initial strategic investment from Hexcel of $15 million. The second round of investment from Hexcel is $10 million, for a total equity investment of $25 million to date.

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Google Ventures, BMW, Lowe’s Invest in Desktop Metal, Equity to Reach $97M Money & Funding

by Business

Desktop Metal, an emerging startup with the mission to bring metal 3D printing to all design and manufacturing teams, announced today it has raised a total of $97 million in equity funding since its founding in October 2015. The announcement comes as the result of the latest Series C investment of $45 million, led by GV (formerly Google Ventures), as well as BMW i Ventures and Lowe’s Ventures. Desktop Metal will use the funding to continue to develop its technology and scale production as the company prepares for its product launch later this year.

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Carpenter Technology to Acquire Assets of Puris LLC for $35M Additive Manufacturing

by Business

Carpenter Technology Corporation, a leading producer and distributor of premium specialty alloys, today announced the execution of a definitive asset purchase agreement for the purchase of substantially all of the assets and business of Puris LLC (“Puris”), a producer of titanium powder for additive manufacturing and advanced technology applications, for $35 million. The assets and business to be acquired include Puris’ titanium powder operations and business, additive manufacturing assets, patents and related intellectual property.

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The Economist Kicks Off Era of Bioprinting for On-Demand Body Parts But You Should Keep Your Skin on For Now 3D Printing Processes

by Medical

When the Economist, arguably one of the last mainstream media outlet to have never traded off quality for clicks, writes an article about 3D printing, things happen. It may not be The Economist itself that makes them happen but rather just the fact that the top British financial magazine knows exactly when is the right time to discuss a certain topic. Now it’s that time for bioprinting.