3D Printing Investments – Multi Billion Dollar Firms Buying Into 3D Printing Firms
ABB Technology Ventures (ATV) announced its 17th investment, a Series B financing of Persimmon Technologies, creator of a new high precision industrial robot and developer of breakthrough 3D printing processes using air fuel deposition to literally ‘print’ higher performing metal motor components. Since launching in 2011, Persimmon has been developing in conjunction with its core vacuum robotics business this deposition process, a novel approach to making motor components that aims to increase power density, eliminate manufacturing steps and reduce costs, funded in large part by NSF grant money.
ATV is the VC arm of Swiss engineering giant ABB and has had an active presence in the D.C. area, thanks to senior vice president, Grant Allen, formerly with Core Capital Partners and a founding member of NextGen Angels.
ABB is a $40 billion revenue industrial conglomerate based in Zurich, Switzerland, and Persimmon’s ‘Hybrid Field’ 3D technology is of prime interest to this leading motor maker. In 2010, ABB acquired Baldor Electric Company, a producer of industrial electric motors, mechanical power transmission products, drives and generator sets for $4.2 billion. ABB is also a world leader in larger scale, 6-axis industrial robots. You can, for instance, see ABB robots featured in “Iron Man 3” as Tony Stark’s virtual ‘assistants.’
As 3D printing media predicted : here we have it. A $40 billion conglomerate. Bigger than all the 3D printing firms put together investing in this technology. And investing in a pure play 3D printing firm.
Recent Posts
- 3D Printing Business Incubator – One Of Note In The 3D Printing Industry
- The Residency: 3D Printing and Hardware Startup Incubator in Silicon Valley
- 3D Factory Incubator: The High Technology Business Incubator for 3D Printing
- 3D Printing Slide Show – Are You Out Of Business And Don’t Know It Yet?
- Sales Podcast – The 7 Elements Of Any Sale
Recent Comments
- 3D Printing Start Up Incubator Questions | International toolkit on Slide Show Presentation About Questions Start Ups and Entrepreneurs Need to Ask Before Starting 3D Printing Businesses
- 3D Printing Start Up Incubator Questions | 3D Printing Ad Agency on Slide Show Presentation About Questions Start Ups and Entrepreneurs Need to Ask Before Starting 3D Printing Businesses
- 3D Printing Start Up Incubator Questions | 3D Printing Blog on Slide Show Presentation About Questions Start Ups and Entrepreneurs Need to Ask Before Starting 3D Printing Businesses
- 3D Printing Start Up Incubator Questions | 3D Printing PR Firm on Slide Show Presentation About Questions Start Ups and Entrepreneurs Need to Ask Before Starting 3D Printing Businesses
- 3D Printing Start Up Incubator Questions | 3D Printing Bank on Slide Show Presentation About Questions Start Ups and Entrepreneurs Need to Ask Before Starting 3D Printing Businesses
Archives
- April 2020
- November 2019
- October 2019
- July 2019
- May 2019
- March 2019
- January 2019
- December 2018
- September 2018
- April 2018
- October 2017
- September 2017
- March 2016
- October 2015
- September 2015
- July 2015
- June 2015
- May 2015
- April 2015
- February 2015
- January 2015
- November 2014
- September 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014