Investment activity in the 3D printing industry is heating up this summer. The latest company to benefit is Mantis Vision, a Petach Tikva, Israel-based enterprise focused on 3D scanning technology.
In a series D funding round led by Luenmei Quantum Co. Ltd. and the Samsung Catalyst Fund, Mantis Vision raised $55m. This brings funding to date to $83m.
Samsung initially invested in Mantis Vision in 2014. The manufacturer of Galaxy smartphones believes that the Mantis 3D scanning component, which is thinner than 4mm, could open up possibilities including making eye-contact during video chat.
Mantis Vision intends to use the funds “to extend its technological edge, accelerate go-to-market strategy, expand its international workforce and support external growth opportunities.”
Specifically the company has plans to double its workforce, reaching 140 by 2020. Mantis Vision will also target the Greater China Market as a region for growth with offices in Beijing and Shanghai. A new joint venture, “MantisVision Technologies” with Luenmei Quantum Co. will also advance this goal.
Mantis Vision 3D content capture systems can be used with professional 3D scanners, smartphone 3D cameras and to set up a 3D volumetric studio.
The Mantis Vision F6 SMART 3D scanne
The Mantis Vision F6 SMART is an IR based 3D scanner that also includes a 1.3 megapixel RGB camera to capture images necessary for textures and color. Applications include architecture, engineering, construction and cultural heritage. The F6 SMART is a handheld scanner capable of accuracy of up to 0.1 mm (0.004 in) and resolution of up to 0.1 mm (0.004 in).
The Mantis Vision F6 SMART Volumetric 3D Scanner. Image via Mantis Vision
The company’s MV Echo software features a range of post-processing tools including a patented algorithm to repair missed alignments. The resulting scan can be exported as a point cloud, in polygon/mesh formats including those suitable for 3D printing.
Tracking investment activity in the 3D printing industry
The Mantis Vision funding is the latest in a recent burst of investment and M&A activity.
Other deals this month include, the Prodways acquisition of Solidscape, ATI purchasing Addaero, FARO buying Italy’s Opto-Tech, $200k in seed funding for 3D printing start-ups from Techstars, a joint investment by Stratasys and Xaar, a $25 million funding round for Xometry, $20 million invested by Arkema, $850k raised by Aerosint, BASF’s acquisition of two material companies, and news that Ricoh has $1.8 billion available for investments.
To enable readers to better monitor 3D printing investment activity and M&A deals we are now making some of our own tracking tools publically available. 3D Printing Industry readers can now access information in our 3D printing investment and fund raising activity database. We’ll be making more of this data available in the coming weeks.
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