Jan.9, 2014
Irish company Mcor Technologies has developed 3D printing machines that use ordinary A4 paper as the build material to create models and objects. Having already raised €2m in funding, the company is now closing in on a new round of funding worth up to €15m from some of Silicon Valley's top venture capital firms.
"We'll use the money to scale," MCor co-founder and chief executive Conor MacCormack told Independent.ie. "We're still a very small company. But it's absolutely flying. We did more business in November and December than the entire year previous to that. It's not a seasonal thing, we just scaled quickly."
Mcor Technologies was formed by Conor MacCormack and his brother Fintan to create a set of accessible tools based on Selective Deposition Lamination (SDL) technology. The company's flagship IRIS full-colour 3D printer can deliver more than 1 million colours simultaneously and its main customers include architects, engineers and universities.
"One of the reasons that investors are looking at us is because it's so much cheaper to run one of our machines than rival colour 3D-printing devices," said Mr McCormack. "There's also a much bigger awareness now of 3D printing, partially thanks to consumer and hobbyist machines such as Makerbot."
Mcor Technologies last year reported that sales of its low-cost eco-friendly printers are up 600% year-on-year.
Posted in 3D Printing Company
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