Divergent 3D adds big Series B to help car manufacturers print their parts

by John Siegel
November 22, 2017
Divergent 3D auto technology
Image via Social Media

Today, Divergent 3D announced it had officially closed its Series B, adding $65 million to its coffers, but with a kicker: the option of an additional $40 million investment.

It wasn't the first time the company raised funds this year, having kicked off 2017 by raising $23 million to scale its hardware-software platform, which helps manufacturers develop automotive parts and cut production time and cost.

The recent funding will go toward accelerating revenue growth and scaling the company's end-to-end software-hardware solution, which incorporates 3D metal printing into the design, engineering and manufacturing of vehicle for the automotive and aerospace industries.

“With the ability to quickly respond to market demands, the Divergent system allows automakers and technology companies to innovate at a much faster rate—scaling up volume production at only a fraction of the cost while also alleviating environmental damage,” said founder and CEO Kevin Czinger in a statement. “As a leading investment holding company dedicated to advancing sustainable manufacturing and transportation, O Luxe aligns with Divergent’s mission and fully understands the importance of disruptive technologies to the automotive industry. We are thrilled to partner with a company that supports our growth and vision.”

The Series B was led by Hong Kong-based O Luxe Holdings Limited and included participation from Horizons Ventures, Shanghai Alliance Investment Limited and Altran Technologies. According to Czinger, the newly forged relationship will allow the company access to the rapidly growing Chinese electric vehicle industry.

Jobs at Divergent 3D16 open jobs
All Jobs
Dev + Engineer
Project Mgmt
Sales
Sales
new
Divergent 3D
Los Angeles
Developer
new
Divergent 3D
Los Angeles
Developer
new
Divergent 3D
Los Angeles
Developer
new
Divergent 3D
Los Angeles
Developer
new
Divergent 3D
Los Angeles
Developer
new
Divergent 3D
Los Angeles
Developer
new
Divergent 3D
Los Angeles
Developer
new
Divergent 3D
Los Angeles
Developer
new
Divergent 3D
Los Angeles
Developer
new
Divergent 3D
Los Angeles
Developer
new
Divergent 3D
Los Angeles
Developer
new
Divergent 3D
Los Angeles
Project Mgmt
new
Divergent 3D
Los Angeles
Developer
new
Divergent 3D
Los Angeles

Los Angeles startup guides

LOCAL GUIDE
Best Companies to Work for in Los Angeles
LOCAL GUIDE
Best Software Engineer Jobs in Los Angeles
LOCAL GUIDE
Coolest Tech Offices in Los Angeles
LOCAL GUIDE
Best Sales Jobs in Los Angeles
LOCAL GUIDE
Best Perks at Los Angeles Tech Companies
LOCAL GUIDE
Best Marketing Jobs in Los Angeles
LOCAL GUIDE
Your Guide to Virtual Reality Tech in Los Angeles
LOCAL GUIDE
Your Guide to Media Tech in Los Angeles