Feb.11, 2014

Intel Capital today announced two investments in the fast growing world of 3-D printing. Earlier today Lithuania-based 3D model marketplace CGTrader said that it has closed a funding round with Intel Capital, Intel's global investment and M&A organization and existing investor Practica Capital.

Intel Capital also announced today it made investment in makexyz, another 3D marketplaces, based in Austin. "CGTrader and makexyz demonstrate the global base of experimentation in this area and the variety of market-ready approaches being developed." says Intel Capital in a statement.

"3-D printing is changing the way individuals and businesses give life to ideas," said Arvind Sodhani, president of Intel Capital and executive vice president of Intel Corporation. "We're seeing the impact of this technology on numerous industries, including manufacturing, medical, retail and consumable goods, among others. CGTrader and makexyz will drive the development of the ecosystem."

U.S.-based makexyz connects people to 3-D printers in their neighborhood. Consumers can upload their own design or choose from ready-to-print 3-D designs from makexyz's fast-growing database and locally collect the finished article later on.

"Our goal is to help people make stuff – and Intel Capital's investment strengthens our opportunity to help people make stuff at a significant scale," said makexyz CEO Nathan Tone. "With a quickly growing, global network of 3-D printers, a lot becomes possible."

Intel Capital investment director Klaus Konrad led the CGTrader deal, which is Intel Capital's first investment in Lithuania, the 55th country in which Intel Capital has invested, and Ranjeet Alexis led the makexyz deal. Terms were not disclosed.


Posted in 3D Design

 

 

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Tom Bielecki, co-founder of PrintToPeer wrote at 2/12/2014 7:15:21 PM:

Congrats to both companies!



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