Hamburg-based 3D printing start-up 3D Spark has secured €1.2m (c.£1m) in fresh funding after closing its latest seed round.
The round was led by former investors the Fraunhofer Technology Transfer Fund, with additional investments from Discovery CFO UG and Innovationsstarter Fonds Hamburg, which was involved in the first round.
The round was oversubscribed, according to 3D spark, despite challenging macro-economic conditions.
The firm closed its first financing round in November last year.
3D Spark is a specialist in the automation of processes relating to the procurement and production of components.
To do this, the startup uses artificial intelligence programmed to find the cheapest, fastest, and most sustainable solution.
The software takes care of much of the bidding process, it says, and supports decision-making with the help of an integrated manufacturability check and cost calculation.
The 3D printing firm’s customers include Deutsche Bahn, the rail technology company Alstom, and the technology group ZF Friedrichshafen.
Commenting on the raise, Ruben Meuth, co-founder and CEO of 3D Spark, said: “The fresh funding will enable us to accelerate the development of our innovative platform and deliver on our claim of ‘The best manufacturing process for every component’, while ensuring long-term planning security for our industrial partners and customers.”
Image: 3D Spark founders Ruben Meuth, Fritz Lange, and Arnd Struve. Credit: 3D Spark
Read next: Germany approves €260m computing centre in Bavaria
Are you a building professional? Sign up for a FREE MEMBERSHIP to upload news stories, post job vacancies, and connect with colleagues on our secure social feed.