Uniformity Labs, Inc. Uncloaks with $38 Million Raise to Accelerate Growth

FREMONT, Calif., Feb. 2, 2021 — (PRNewswire) —  Uniformity Labs (UL), a leading additive manufacturing (AM) company that is revolutionizing industrial 3D printing processes, has completed a $38.35 million Series B financing round. In this latest round, existing investors were joined by new investment from financial and strategic investors.

"This marks a significant milestone in our next phase of growth as we scale our game-changing metal feedstock and print applications businesses to greatly improve the 3D printing value proposition for major manufacturers," said Adam Hopkins, founder and CEO of Uniformity Labs. "What's important about this round is the level of commitment from new financial and strategic industry investors, which stands as an important endorsement of our technology and business model."

The proceeds of this round of funding will predominantly drive the expansion of its production capability and the development of additional specialized materials. It will also fuel the growth of the senior team, particularly in the sales and marketing function – a process that will ramp up substantially over the course of 2021.

"As its founding investor, IP Group is excited to see Uniformity Labs poised to disrupt the AM market. Adam Hopkins and his team have done a tremendous job developing the core technology created in Professor Sal Torquato's labs at Princeton University to unlock the potential of powder-based manufacturing. UL is an excellent example of our focus on supporting the commercial development of innovative hard science from premier research institutions like Princeton," said Michael Burychka, CEO of IP Group, Inc.

The Series B round included an investment to finance plant construction from a fund managed by Orion Resource Partners, a global alternative investment management firm with approximately $6.3 billion under management. Orion is one of the world's leading investors in the mining, metals processing, and metal commodity trading industries.

"Orion is pleased to make its first investment into the additive manufacturing and metals atomization industries through Uniformity Labs. We look forward to supporting their growth within this rapidly evolving industry," said Oskar Lewnowski, the Chief Investment Officer of Orion Resource Partners.

Uniformity Labs develops breakthrough material and software solutions to accelerate and expand global commercial/industrial 3D printing (AM) markets. Its patented technology enables significant cost savings, speed, and quality improvements across all mainstream AM printers. Uniformity's feedstock materials and print processes dramatically impact the AM value chain by increasing the reliability and efficiency of printing.

Armory Securities acted as exclusive financial advisor and placement agent for UL for the Series B round. Mercator Partners, an asset manager located in Princeton, NJ, helped arrange and close the financing.

For more information, please visit our website –  www.uniformitylabs.com

Media contact:
Frank De Maria – 347 647 0284
frank.demaria@purposefulcommunications.com

Cision View original content to download multimedia: http://www.prnewswire.com/news-releases/uniformity-labs-inc-uncloaks-with-38-million-raise-to-accelerate-growth-301219697.html

SOURCE Uniformity Labs

Contact:
Company Name: Uniformity Labs
Web: http://www.uniformitylabs.com

Featured Video
Editorial
Jobs
Equipment Engineer, Raxium for Google at Fremont, California
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Mechanical Engineer 2 for Lam Research at Fremont, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Mechanical Engineer 3 for Lam Research at Fremont, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Upcoming Events
Celebrate Manufacturing Excellence at Anaheim Convention Center Anaheim CA - Feb 4 - 6, 2025
3DEXPERIENCE World 2025 at George R. Brown Convention Center Houston TX - Feb 23 - 26, 2025
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025
Additive Manufacturing Forum 2025 at Estrel Convention Cente Berlin Germany - Mar 17 - 18, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise