Azul 3D™, a Skokie, Illinois-based leading-edge 3D printing company, has completed its second stage of seed financing, totaling more than $8 million. The most recent cash infusion exceeds $5.4 million and will be used to advance the company’s proprietary high area rapid printing (HARP™) technology and to launch its first commercial printers. The company also will be expanding its operations to prepare for product launch, recruiting senior leadership and building its manufacturing facility.
Azul 3D™ is scheduled to ship its first printers to beta partners in the first quarter of 2021, with a full launch of production-ready printers at the end of 2021. Azul 3D™’s customers will use the printers for manufacturing, as opposed to prototyping, producing several tons of polymer goods per year using HARP™.
At present, Azul 3D™ is helping to combat the COVID-19 crisis by printing much-needed personal protective equipment (PPE). The company is producing medical face shields for healthcare workers at a record-establishing rate of 1,000 per day per printer, in an effort to protect essential workers against COVID-19. Their next generation printer is scheduled to come online in June, doubling this throughput capacity.
As a follow-on to its manufacturing of PPE for COVID-19, Azul 3D™ has been asked by several state and foreign governments to investigate how they can utilize their unique high-throughput additive manufacturing technologies to lessen reliance on emergency stockpiles, transitioning to a “manufacture on-demand” mentality. With shifting needs during moments of national crisis, such a capacity would be transformative for emergency response.
For more information, visit www.azul3d.com/.