BMF raises an enormous round to 3D-print tiny things
Boston Micro Fabrication — BMF among friends — is one of the biggest names in 3D-printing teeny-tiny things. The company just announced a Series C to continue its journey, as it announces it doubled its install base over the past year.
“Our business has scaled strongly, and we plan to use the new capital to further expand our capability,” stated John Kawola, CEO of BMF. “Our global reach has been appreciated and valued by our customers, and our systems are now being used all over the world to both prototype parts that previously could not be 3D-printed and drive end-use part production where conventional methods are difficult.”
The kind of 3D-printing processes BMF offers its customers are tailored to the small, high-precision markets. BMF’s machines use what the company calls Projection Micro Stereolithography (PµSL) tech, which uses light and photosensitive resins to create ultra-high-resolution parts — capable of details down to 2μm, and layer thicknesses of 5-20 μm.
It’s hard to describe in words how small parts like that are — hence the photo of the match and the tiny little gears at the top of this article. It boggles the mind, and it unlocks some pretty incredible use cases for 3D printing.
The company has seen some pretty extraordinary growth over the past year; it claims it doubled its install base, meaning that there are more than 200 customer locations around the world. BMF lists electronics, medical device, optical manufacturers, and advanced research labs as its biggest customer groups. It also expanded global operations, with facilities in Boston, Mass, USA, and Shenzhen, China, with additional locations in Chongqing, China, and Tokyo.
BMF today announced it closed a Series C round, totaling $43 million. The company was not willing to share terms or valuation of the round, which was led by Shenzhen Capital Group Co., Ltd. It will use the funding to advance product development, sales and marketing, and customer support as it continues to expand and serve its global customer base.
Boston Micro Fabrication – BMF seems to be an intriguing startup with inspiring development on nanotechnology research platform. I’m certain this startup would keep on thriving in its excursion ahead. All the best to the whole group. This will give them an enormous achievement in the future.Shishir Gupta, Founder and CEO, StartupLanes
Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of this page.
Check out our YouTube channel for insightful content from the Indian startup ecosystem.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.