Venture capital firm Red Dot Ventures (RedDot) has invested SGD 589K ($482,000 USD) in Pirate3DP, a Singapore startup aiming to develop the most affordable, user-friendly 3D printer for the mass market.
Established in 2011, RedDot is a seed-stage venture capital firm focused on Singapore-based high-tech startups in areas including ICT, Interactive Digital Media (IDM), MedTech, Nanotech, CleanTech, and Engineering.
Pirate3DP was founded by Roger Chang, Brendan Goh and Tsang You Jun and serial tech entrepreneur Neo Kok Beng, a professor at the National University of Singapore. Roger Chang, Brendan Goh and Tsang You Jun are childhood friends who just graduated from college: Roger from NUS Business School, Goh and Tsang from NTU School of Materials Science & Engineering.
Pirate3DP's flagship product, the Buccaneer, is currently in the prototyping phase. The company will not only build an affordable 3D printer for the mass market, but also a platform for artists to create, monetize and share ideas with others. The 3D printer is scheduled to be launched in mid-2013.
"In a near future, everyone will have a 3D printer in their home sitting next to their paper printer and making plastic jewellery, kitchen utensils, toys, models, homework projects and non-critical replacement parts." says Roger Chang, CEO of Pirate3DP. "Nonetheless, current consumer models are either too expensive or too difficult to use. We intend to change that. Pirate3DP will bring this technology into everyone's homes by making it low-cost, efficient and user-friendly."
Posted in 3D Printing Company
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Francesco wrote at 2/1/2013 1:33:56 PM:
I hope not another FFD printer...