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Money continues to go into additive manufacturing (AM). From a $30 million raise for a Chinese metal 3D printing company to new funding for naval AM and a European company rebuilding after insolvency, the latest deals cover very different corners of the industry.
China’s Global Laser Box Raises $28M for Metal 3D Printing
Chinese metal 3D printing company Global Laser Box (GLB) has raised nearly RMB 200 million ($30 million) in Series A funding. The round was backed by Qifu Capital, Changxing Investment, and Chuangshiji Investment. GLB plans to use the money to develop its selective laser melting (SLM) printers and software, expand production, and grow its business outside China.
Founded in 2023, GLB makes metal 3D printing equipment and also provides printing services. The company has p