3D printing tech company CASTOR, which enables leading manufacturers to maximize additive manufacturing opportunities, has closed a $3.5 million seed+ round, the company announced Monday.
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CASTOR's platform analyzes parts to identify which are a good fit for 3D printing, both technically and economically. The platform suggests best-match materials and 3D printing technology, carries out geometric analyses, identifies redesign opportunities, compares the cost of additive printing to traditional manufacturing, and simulates the likelihood of failure.
The round includes two new investors – Xerox, recently launched its ElemX 3D liquid metal printer for Metal Additive Manufacturing; and Spring Ventures, a Tel Aviv-based publicly traded company, led by Aviv Refuah, invested in leading tech companies, such as Perimeter 81, Guesty, Gloat and others.
CASTOR was founded in November 2017 by CEO Omer Blaier and CTO and Elad Schiller.
"We are grateful for this opportunity to collaborate with Additive Manufacturing industry leaders and add layers of intelligence and automation to help engineers realize the full potential of AM," Blaier said.
