Inkbit raised M investment from Ingersoll Rand

Inkbit raised $19M investment from Ingersoll Rand

Ink Bitwhich is a trailblazer in advanced additive manufacturing solutions, has raised $19 million led by Ingersoll Rand, with participation from Future Labs Capital, GC Ventures America, iGlobe Partners, Ocado, Phoenix Venture Partners, Stratasys, Zion and other private equity firms. has successfully closed a million financing round. Investor

Inkbit, headquartered in Medford, Massachusetts, specializes in additive manufacturing solutions. The company's flagship product, the Inkbit Vista™ system, enables volume production of complex polymer 3D printed parts. Leveraging its innovative vision-controlled jetting (VCJ) technology, Inkbit accelerates the translation of ideas into tangible products, driving innovation across the additive manufacturing landscape.

Inkbit envisions a future where physical product development reflects the rapid pace of software innovation. To realize this vision, the company has developed Vision-Controlled Jetting™ (VCJ), a revolutionary multi-material manufacturing system. VCJ integrates advances in computation, chemistry, and process control to enable the rapid production of innovative products with unprecedented accuracy and efficiency, from complex industrial fluidics to bio-inspired robots.

Vicente Reynal, Chairman and CEO of Ingersoll Rand, expressed his excitement at joining forces with Inkbit to revolutionize component manufacturing and bring innovation to various industries, including life sciences and industrial applications.

Inkbit's technology, initially conceived at MIT's Computer Science and Artificial Intelligence Lab, reimagines the traditional assembly line. VCJ combines the scalability and reliability of traditional assembly lines with the flexibility and intelligence of 3D machine vision-based feedback control. Unlike traditional methods that require dedicated production processes for each subcomponent, VCJ streamlines production by creating multifunctional products in a single pass, starting with raw materials.

Henry Ford III, director of Ford Motor Company and descendant of Henry Ford, the pioneer of the moving assembly line, expressed his enthusiasm to join Inkbit as an independent director. He sees this partnership as an opportunity to contribute to the evolution of manufacturing processes for the future.

David Marini, co-founder and CEO of Inkbit, highlighted the importance of partnerships with iconic names in the history of American manufacturing, such as Ingersoll Rand and Ford. He emphasized Inkbit's transition from an equipment supplier to a collaborative partner with manufacturers, aiming to facilitate product innovation through new materials and processes.

Inkbit's VCJ technology is poised to transform product design and manufacturing in a variety of fields including robotics, healthcare, mobility, industrial automation, and defense. Through partnerships with industry leaders, Inkbit is paving the way for the next generation of products.

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