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
Maybe you also like:
- Block-based Blokify, free and easy 3D modeling app for kids
- Visualizing active sound waves with 3D printing & augmented reality
- Control 3D printers remotely & protect your designs with Secured3D
- 3D print your own Venus de Milo and Winged Victory of Samothrace
- ShapeDo 3D model Repository lets you edit and share design for 3D printing
- Porsche wants you to 3D print & customize your own Cayman
- 3D model sharing service Sketchfab raises $2 Million
- Easily make complex 3D printable objects with Autodesk Project Shapeshifter and Miller
- 3Dagogo, new 3D-printing marketplace features proven-to-print 3D designs
Congrats to both companies!
3Ders.org provides the latest news about 3D printing technology and 3D printers. We are now seven years old and have around 1.5 million unique visitors per month.
