The Zurich startup 9T Labs has secured USD 17 million in a Series A funding round, as was reported in a press release. Key investors were the U.S. 3D printing company Stratasys and the venture capital arm of Belgian company Solvay. Swiss investors included Verve Ventures, ACE & Company, Zürcher Kantonalbank and Wingman Ventures.
As a spin-off from the Swiss Federal Institute of Technology in Zurich (ETH), 9T Labs has developed an all-in-one technology for the manufacturing of carbon composite materials. This comprises software tools, 3D printer and molding equipment. Carbon is stronger than steel, but up to five times lighter, as ETH explained in a previous press release. The material is therefore ideal for use in aircraft, for example, as well as medical protheses and implants.
“9T Labs has combined the simplicity of 3D printing with the strength of continuous carbon fiber composites, and that’s an exciting development for our industry,” said Adam Pawloski, Vice President of Manufacturing Solutions at Stratasys. Other advantages are the high-quality of the manufactured composite parts and that this technology scales to the volumes needed.
The startup will use the money raised to fund the next phase of growth. This will complement the current material portfolio and help in developing future technology platforms.
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