XJET raised $25m to produce 3D Metal Printing Machine

3 March, 2016

XJet is the first company to succeed in using 3D inkjet printing to make high quality metal parts. Among the investors: Catalyst CEL Fund and Autodesk

XJet is the first company to succeed in using 3D inkjet printing to make high quality metal parts. Among the investors: Catalyst CEL Fund and Autodesk

XJET

XJet, an Israeli metal 3D printing company announced the completion of an additional round of funding of $25 million. The funding round was led by the Catalyst CEL Fund, a private Israeli-Chinese private equity fund and Autodesk through its Spark Investment Fund, as well as other existing shareholders.

XJet is the first company to succeed in using 3D inkjet printing to make metal parts of the highest quality,” said Dror Danai, Xjet CBO, and 3D printing industry veteran. “This area has great potential to meet the growing demand for producing short runs of metal parts. XJet’s technology uses metal nanoparticles which generate precision parts with complex geometries for use in a variety of applications in aerospace, automotive, medicine, dental and other industries.

XJet was founded in 2005 by Hanan Gothait. Originally it developed a solution for the solar industry, and expanded into the additive manufacturing world in the end of 2013.  During 2014 the company has changed course and moved its focus to metal 3d printing.

Xjet’s ground-breaking technology called NanoParticle Jetting uses nanoparticles in liquid suspension to build 3D metal parts. The technology enables a  more accurate production of highly complex parts than that of other current technologies. XJet changed its focus from the solar arena to concentrate exclusively on the development of a solution for the metal additive manufacturing industry during the last two years.

“Our support of XJet through the Spark Investment Fund stems from our belief that this technology has the potential to change the future of the additive manufacturing industry,” said Eitan Tsarfati, head of Digital Manufacturing and general manager, Autodesk Israel. 

The current round of funding will be used to complete the development of and to launch Xjet products into main international markets. In 2014, the Company raised an additional $22 million from Alumot and from existing shareholders to complete the changes in direction of the technology from solar to 3D metal printing.

XJet is located in the Rehovot Science Park, Israel. It was founded by Hanan Gothait, previously co-founder of Objet Geometries, which later merged with Stratasys.  Xjet has more than 60 employees and has filed over fifty patents in various fields.

“We believe that XJet will redefine the production of short-runs of complex metal parts in major areas of production,” said Hanan Gothait, CEO and Founder XJet.   

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