Rosotics: Raises $750K in Pre-Seed Funding

Rosotics Raises $750K in Pre-Seed Funding

  • Rosotics, a Mesa, AZ-based additive manufacturing company, raised $750K in Pre-Seed funding
  • The round was led by Draper Associates with participation from Correlation Ventures, Vibe Capital, and Sequoia Capital
  • The company intends to use the funds to accelerate growth and expand operations
  • The company is advancing Rapid Induction Printing,™ based on biomimicry, which requires less power than existing methods of metal 3D printin
  • The company proprietary printing system, called ‘Mantis,’ when fully deployed, can print items larger than any other 3D printer to date
  • In fact, Mantis (Generation 1) will be capable of printing from 1.5m (5′) up to 8m (26′) in diameter, and up to 9m (30′) in height in aerospace-grade aluminum and steel
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Lloyds Tests Quantum Computing to Strengthen Fraud Detection

The bank explores advanced tech to tackle money mule networks effectively.Highlights: Lloyds is experimenting with quantum computing for...

9fin Secures $170 Million Raise, Valued at $1.3 Billion

The fintech platform enhances its funding to accelerate growth and innovation.Highlights: 9fin raised $170 million in a recent...

CommBank Enhances Account Onboarding with Password Chip Scanning

New feature streamlines account setup via mobile app for users.Highlights: CommBank introduces password chip scanning in its mobile...

Coinbase Receives Conditional Approval for National Trust Bank Charter

The approval marks a significant step for Coinbase in the financial sector.Highlights: Coinbase secures conditional approval for a...