Recently, Freeform Future Corp., a startup specializing in metal component 3D printing, announced a successful fundraising round of $14 million.
Image source note: The image was generated by AI, provided by the image licensing service Midjourney.
The funding was provided by Nvidia's NVentures fund and Boeing's AE Ventures. In addition to financial support, these companies will also offer resources to Freeform, such as graphics processors. Prior to this round, Freeform had already secured $45 million from several venture capital firms.
When it comes to the production of metal objects, many people might first think of CNC machines. These are computer-controlled large electric tools primarily used for manufacturing complex components like automotive engines. However, with the advancement of 3D printing technology, more manufacturers are beginning to incorporate 3D printers into their production lines. Compared to CNC systems, 3D printers require less setup and are better suited for producing small, complex metal parts.
However, 3D printing is not without its challenges. The technology requires specialized knowledge to operate, and production speeds are relatively slow, limiting its widespread adoption in manufacturing. Based in Hawthorne, California, Freeform aims to make this technology more practical for metal component production. Freeform's 3D printers are equipped with AI software that can analyze metal components during the production process to ensure they are defect-free.
Freeform's 3D printers use metal powder internally, which is melted by a laser or electron beam generator. The metal particles then bond together under heat to form a single object in the shape specified by the customer. Additionally, the 3D printer can add more layers after the initial metal powder processing, repeating this process.
It is worth noting that Freeform does not directly sell its 3D printers but deploys them in its own factories to provide contract manufacturing services. Customers can order custom parts without needing to learn how to operate a 3D printer, avoiding the upfront costs of purchasing equipment. Currently, Freeform has collaborated with organizations in various sectors including aviation, automotive, industrial, and energy, claiming to produce thousands of parts for clients daily.
Freeform plans to use the new funding to expand production capacity, develop faster 3D printers, and increase the types of materials that can be processed in its factories. To support these efforts, Nvidia will provide Freeform with H100 graphics processing units, while Boeing plans to offer guidance on supplier alignment and may engage in part procurement in the future.
Key Points:
1. 💰 Freeform has successfully raised $14 million in funding from Nvidia and Boeing.
2. 🤖 Freeform's 3D printers utilize artificial intelligence to ensure defect-free metal components.
3. 🏭 The company offers contract manufacturing services, helping clients avoid the high upfront costs of equipment purchase.
