Caixin
Nov 06, 2018 05:55 PM
BUSINESS & TECH

3D Printing Startup to Take on Big Guns After Cash Infusion

3D printing startup Ultracraft has raised 325 million yuan from investors. Photo: VCG
3D printing startup Ultracraft has raised 325 million yuan from investors. Photo: VCG

Chinese 3D printing startup Ultracraft has raised 325 million yuan ($46.97 million) from investors led by IDG Capital, a company source has revealed to Caixin.

Other investors in the Guangzhou-based startup’s A-round fundraising include two Shenzhen-based investment firms, said the source, who declined to be named as the information has yet to be made public. Ultracraft plans to use the funds to “ramp up research on the 3D industrial chain and hire more talents,” and the firm “aims to be a leading digital product and services provider.”

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