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3D printing software developer 3YOURMIND has closed its latest round of Series A+ funding, raising more than $5.5M.
The investment round was primarily led by the venture arm of energy and infrastructure giant EnBW, with further investments from UVC Partners, AM Ventures, TRUMPF Venture, and coparion. 3YOURMIND has stated that the capital will be used to expand its business into sectors such as aerospace and automotive while cementing its standing in energy and infrastructure.
Stephan Kühr, 3YOURMIND’s revenue, and growth CEO, explains: “Even during these unprecedented times, we expect to double our annual sales for the third straight year. This investment by ENV (EnBW New Ventures) and our existing investors UVC Partners, AM Ventures, TRUMPF Venture and coparion will enable us to strengthen our expansion efforts in Europe and North America.”
EnBW provides energy to over 6 million customers across Europe. Photo via EnBW.
Digitizing the additive workflow
3YOURMIND’s business model is built around its proprietary additive manufacturing workflow software portfolio. The company’s customers have reportedly achieved cost reductions of up to 40% and lead time reductions of up to 18% with its agile-centric programs, which place a focus on flexible, automated, and distributed production. To date, 3YOURMIND has secured …
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