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Xolo Raises $8,527,000 In A Series A Funding Round To Make Volumetric 3D Printing A Reality.

Xolo Raises $8,527,000 In A Series A Funding Round To Make Volumetric 3D Printing A Reality.

February 23, 2023

Xolo, a Berlin-based startup specializing in volumetric 3D printing technology, has raised $8.5 million in a series A funding round. Onsight Ventures led the grant with participation from HZG Group, DeepTech & Climate Fonds and other undisclosed investors. With the new funds, Xolo plans to expand its team, build out its products, and scale up production.

At the Technology Park Berlin Adlershof, Xolo founders Prof. Dr Martin Regehly, Prof. Dr Stefan Hecht and Dirk Radzinski created this industrial-grade 3D printing technology that can print entire objects simultaneously instead of layer-by-layer like most current 3D printing techniques. This could allow for faster manufacturing times and higher-resolution prints than currently available.

In his remark, the co-founder of Xolo, Stefan Hecht, said, “as impressive as scientific progress has been until today, the overwhelming majority of things we don’t know remains the restless driver for continuing search and inquiry. I find it very motivating to realize how little we understand the world around us and even ourselves. There is still so much to be uncovered and discovered - and many inspiring people to share this experience with.”

Xolo will use the new funding to develop its volumetric 3D printing technologies further and bring them to market as quickly as possible. They plan to use their funds to hire engineers, product designers and additional staff members that can help them reach their goals. They also plan to use the money for research and development costs associated with launching new products and scaling up production capacities to meet customer demand.

Ultimately, Xolo hopes their volumetric 3D printing technology will revolutionize manufacturing processes across multiple industries, including medical device manufacturing, automotive parts production and consumer electronics creation.

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