3DEO Secures Investment from Japanese Bank
Mizuho Bank is investing $3.5 million in 3DEO's Intelligent Layering technology and expertise in design for additive manufacturing, 3DEO reports.
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September 6, 2024
3DEO, a Los Angeles-based company in design, engineering, and metal additive manufacturing (AM), announces a strategic investment from Mizuho Bank, Ltd., a Japan-headquartered global financial institution. This investment highlights Mizuho's dedication to advancing adoption of AM technologies and supporting 3DEO's efforts in product design and development, according to 3DEO.
Mizuho Bank's investment of $3.5 million in 3DEO highlights a shared vision for the future of manufacturing, particularly in leveraging 3DEO's Intelligent Layering technology and expertise in design for additive manufacturing (DfAM). This strategic investment follows Mizuho Bank's “Transition Investment Facility,” aimed at promoting sustainability and innovation in various sectors.
“We are honored to receive this investment from Mizuho Bank, a partner that recognizes the transformative potential of our technology,” says Scott Dennis, CEO of 3DEO. “This collaboration will not only accelerate our growth but also enable us to further integrate advanced AM capabilities into critical manufacturing sectors.”
Earlier this year, 3DEO announced investments from IHI Aerospace, the Development Bank of Japan (DBJ), and Seiko Epson Corporation. Mizuho Bank’s involvement enhances 3DEO's capabilities and helps accelerate collaboration with DBJ and Epson.
3DEO, established in 2016, has developed an end-to-end production process technology, which provides design and manufacturing services for high-precision metal parts. With this investment, 3DEO aims to expand its reach in sectors such as aerospace, medical, industrial and semiconductors.
Mizuho Bank, through its Transition Investment Facility, invests in projects that contribute to environmental and social sustainability.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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