Italian 3D printer manufacturer Roboze has reportedly raised €3 million (the equivalent of $3.4 million) to boost the growth of its business.
This round is the first ever from the company since it was founded in 2013, and it follows the inauguration of a new state of the art headquarters in Bari, Southern Italy, from April this year.
Leading the round was Italian R&I fund Equiter SPA which specialises in infrastructural investment across research, assessment, acquisition, enhancement and transfer.
Roboze 3D printers
Roboze produces FFF technology 3D printers for the desktop, desktop professional and production markets.
In contrast to other 3D printers in this market, Roboze’s machines aren’t controlled by a belt. Instead, extruders operate across a hardened steel rack, increasing the precision across X and Y axes, and reducing potentially detrimental vibrations. Another advantage of Roboze’s 3D printers, is the use of a High Viscosity Polymers (HVP) extruder. In the higher temperature machines from Roboze (like the Roboze One +400 Xtreme) HVP extruders enable the processability of thick, engineering grade polymers like PEEK.
The ARGO 500 is Roboze’s latest 3D printers. Launched at Formnext 2017, the ARGO 500 is designed to 3D print metal replacement parts from high strength polymers including carbon fiber filled PEEK and Ultem. A production-grade system, works at extrusion temperatures up to 550°C on a build volume of 500 x 500 x 500 mm.
This year, the ARGO 500 has been succeeded by the XTREME Series of 3D printers, as Roboze continues its pursuit of more high-end engineering and end use applications.
An ambitious goal
With the added €3 million boost Roboze hopes to build on the momentum it has built over the past five years of business. So far, the company has each year experienced 100% year over year revenue growth since it launched the first Roboze One in 2015. By the end of 2019, the company hopes to increase this growth by a further 400% to 500%.
It’s an ambitious goal for sure. As noted by Ilaria Guicciardini, Marketing Director at Roboze, in our Trends in Additive Manufacturing for End-Use Production guest article series, “Despite the uncertainty given by innovation even at the earliest evolutionary stages, it is already clear that 3D printing is a far-reaching technology with very important economic and social implications.”
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Featured image shows Roboze’s the patented beltless control system. Photo via Roboze.