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Sun Metalon: Raises US$5.6M in Series A Funding | Fintech InShorts: Latest fintech news, analysis by experts

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Sun Metalon: Raises US$5.6M in Series A Funding

By Steve Sam

October 22, 2022

Sun Metalon Raises US$5.6M in Series A Funding

Sun Metalon, a Kawasaki, Japan-based company developing a metal 3D printer, raised US$5.6M in Pre-Series A funding
The round, which brings total investment to US$7.7m, was led by Globis Capital Partners & Co., with participation from UTEC, D4V, and Berkeley SkyDeck Fund
The company intends to use the funds to expand its business globally
SunMetalon is advancing an ultra-fast metal 3D printer to create metal products from local ores anywhere in the world
The size of parts that can be manufactured will be expanded in stages, and three machine lineups will be taken to the market as of 2023
The first machine is currently under development and the first customer delivery is scheduled for October 2022

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