Deshpande spinout Inkbit secures $30 million in Series B funding

Deshpande spinout Inkbit recently announced the closing of $30 million in its Series B round of financing. The new funding, led by Phoenix Venture Partners LLC, will boost production of the company’s additive manufacturing system, Inkbit Vista, and grow the commercial team to support expansion into the APAC and EMEA regions. PVP’s Managing General Partner, John T. Chen, stated, “As the leading investor in materials science enabled technologies, PVP sees the technology Inkbit has commercialized as a total game changer to the additive manufacturing industry because it solves the key bottlenecks preventing 3D printing from being adopted for mass manufacturing of high-quality finished goods. Inkbit spun out of the 2013 Deshpande project A Platform for Multimaterial Fabrication. | Read more from Inkbit