Curated News
By: NewsRamp Editorial Staff
September 17, 2024
Chromatic 3D Materials Secures $6 Million Financing for Technology Advancement
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- Chromatic 3D Materials closed $6 million financing, enabling them to advance technology and expand market reach.
- Chromatic's RX-AM™ platform uses reactive extrusion additive manufacturing for industrial-strength elastomers in transportation, textiles, and defense.
- Chromatic's technology makes manufacturing more responsive, sustainable, and reinvents fabrication processes, benefitting various industries and product designs.
- Chromatic's RX-AM™ printing technology is transforming aerospace, defense, consumer furnishing, and technical textile markets, with growing patent portfolio and pending applications worldwide.
Impact - Why it Matters
This news matters as it demonstrates the continued growth and success of Chromatic 3D Materials, a company focused on flexible, cost-effective, and sustainable manufacturing of industrial-strength elastomeric products. The financing will drive implementation of their technology across several markets, leading to potential advancements and innovations in industries such as transportation, textiles, and defense.
Summary
Chromatic 3D Materials has closed $6 million of financing for its third equity issuance, enabling the company to build production capabilities and advance technology performance. Both new and prior investors, including Embedded Ventures, participated in the round. Chromatic has raised more than $15 million of financing, including equity financing in 2018 and 2021, and has launched several proprietary material grades with a range of flexibilities for various applications.
Source Statement
This curated news summary relied on this press release disributed by 24-7 Press Release. Read the source press release here, Chromatic 3D Materials Secures $6 Million Financing for Technology Advancement
