3DEO, a Los Angeles-based design, engineering, and steel additive manufacturing firm, has obtained a $3.5 million funding from Mizuho Financial institution, Ltd., a Japan-headquartered international monetary establishment. This funding underscores Mizuho’s dedication to advancing the adoption of AM applied sciences and supporting 3DEO’s efforts to unlock new alternatives in product design and growth.
With this funding, 3DEO goals to develop its attain within the aerospace, medical, industrial, and semiconductor sectors.
Mizuho Financial institution’s funding in 3DEO highlights a shared imaginative and prescient for the way forward for manufacturing, notably round leveraging 3DEO’s proprietary Clever Layering know-how and experience in DfAM. This funding follows Mizuho Financial institution’s ‘Transition Funding Facility’ – aimed toward selling sustainability and innovation in varied sectors.
“We’re honored to obtain this funding from Mizuho Financial institution, a companion that acknowledges the transformative potential of our know-how,” mentioned Scott Dennis, CEO of 3DEO. “This collaboration is not going to solely speed up our progress but in addition allow us to additional combine superior AM capabilities into crucial manufacturing sectors.”
Earlier this yr, 3DEO obtained investments from IHI Aerospace, the Improvement Financial institution of Japan (DBJ), and Seiko Epson Company. Mizuho Financial institution’s involvement additional enhances 3DEO’s capabilities and continues to speed up collaboration with DBJ and Epson.
