Cycle Capital Fuels AON3D's Ambitious Growth in High-Temperature 3D Printer Market
In a significant step for the additive manufacturing sector, AON3D has successfully secured a new round of funding, led by Cycle Capital. This investment, which also includes contributions from Desjardins Capital and established investors like SineWave Ventures and IronGate Capital Advisors, will aid in scaling AON3D's manufacturing operations and expediting the market launch of its cutting-edge Hylo™ 3D printer.
The Hylo™ is a sensor-driven industrial printer designed for creating high-performance components, making it an essential tool for industries needing robust and efficient production methods. What sets this technology apart is its incorporation of Basis™, a machine learning platform that guarantees optimal management and qualification of parts during the printing process. This dual hardware-software synergy reduces the challenges typically faced when utilizing open-market materials in high-performance polymers.
"Supporting AON3D is a thrill for Cycle Capital as we recognize its leadership in industrial additive manufacturing," stated Andrée-Lise Méthot, Founder and Managing Partner at Cycle Capital. She highlighted how AON3D's innovative approach significantly enhances production quality and manufacturing efficiency, allowing sectors like aerospace and automotive to replace metals with durable, lightweight 3D printed parts.
AON3D’s CEO and Co-Founder Randeep Singh expressed gratitude for the trust placed in them by their investors. According to Singh, this new funding will facilitate the overcoming of hurdles in the widespread adoption of additive manufacturing, enabling quicker part qualification and confident volume production. He emphasized the potential for AON3D to revolutionize manufacturing processes, bringing new applications to market more quickly and cost-effectively.
Desjardins Capital also commented on the investment, with Nathalie Bernard, COO, noting the transformative impact of AON3D’s technology. She remarked on how its focus on combining innovation, artificial intelligence, and materials science is not only pushing boundaries but is actively enhancing the competitiveness of manufacturing firms both locally and globally.
The roots of AON3D date back to 2015 when it was founded in Montreal. Since then, it has become a pivotal player in the additive manufacturing landscape by providing advanced solutions to clients in over 25 countries, including small enterprises and Fortune 500 companies. The firm’s dedication to leveraging technology for innovation caters to a diverse set of industries, driving significant advancements in production techniques.
For Cycle Capital, the commitment to investing in innovative technologies is exemplified not just in this recent funding but through its broader strategy. Established in 2009, the firm manages numerous funds focusing on various sectors, including DeepTech and sustainability initiatives. Their collaborative approach, involving multiple stakeholders, showcases a growing trend of venturing into high-tech startups that promise substantial returns through innovation.
In summary, the partnership between Cycle Capital and AON3D marks a notable development in the additive manufacturing arena. As AON3D progresses further into its growth phase, the backing it received through this funding round places it in a favorable position to expand its influence and capabilities in the ever-evolving landscape of industrial 3D printing. This initiative not only underscores the potential of 3D printing technology but also highlights the importance of strategic investments in propelling industry leaders towards a more efficient, innovative future.
The Hylo™ is a sensor-driven industrial printer designed for creating high-performance components, making it an essential tool for industries needing robust and efficient production methods. What sets this technology apart is its incorporation of Basis™, a machine learning platform that guarantees optimal management and qualification of parts during the printing process. This dual hardware-software synergy reduces the challenges typically faced when utilizing open-market materials in high-performance polymers.
"Supporting AON3D is a thrill for Cycle Capital as we recognize its leadership in industrial additive manufacturing," stated Andrée-Lise Méthot, Founder and Managing Partner at Cycle Capital. She highlighted how AON3D's innovative approach significantly enhances production quality and manufacturing efficiency, allowing sectors like aerospace and automotive to replace metals with durable, lightweight 3D printed parts.
AON3D’s CEO and Co-Founder Randeep Singh expressed gratitude for the trust placed in them by their investors. According to Singh, this new funding will facilitate the overcoming of hurdles in the widespread adoption of additive manufacturing, enabling quicker part qualification and confident volume production. He emphasized the potential for AON3D to revolutionize manufacturing processes, bringing new applications to market more quickly and cost-effectively.
Desjardins Capital also commented on the investment, with Nathalie Bernard, COO, noting the transformative impact of AON3D’s technology. She remarked on how its focus on combining innovation, artificial intelligence, and materials science is not only pushing boundaries but is actively enhancing the competitiveness of manufacturing firms both locally and globally.
The roots of AON3D date back to 2015 when it was founded in Montreal. Since then, it has become a pivotal player in the additive manufacturing landscape by providing advanced solutions to clients in over 25 countries, including small enterprises and Fortune 500 companies. The firm’s dedication to leveraging technology for innovation caters to a diverse set of industries, driving significant advancements in production techniques.
For Cycle Capital, the commitment to investing in innovative technologies is exemplified not just in this recent funding but through its broader strategy. Established in 2009, the firm manages numerous funds focusing on various sectors, including DeepTech and sustainability initiatives. Their collaborative approach, involving multiple stakeholders, showcases a growing trend of venturing into high-tech startups that promise substantial returns through innovation.
In summary, the partnership between Cycle Capital and AON3D marks a notable development in the additive manufacturing arena. As AON3D progresses further into its growth phase, the backing it received through this funding round places it in a favorable position to expand its influence and capabilities in the ever-evolving landscape of industrial 3D printing. This initiative not only underscores the potential of 3D printing technology but also highlights the importance of strategic investments in propelling industry leaders towards a more efficient, innovative future.
Topics Consumer Technology）
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