Chromatic 3D Materials Secures $6 Million in Funding to Advance Additive Manufacturing Technology

Chromatic 3D Materials, a provider of additive manufacturing technology, has successfully closed a $6 million financing round in its third equity issuance. This latest funding injection brings the company's total raised capital to over $15 million, signaling strong investor confidence in its innovative approach to 3D printing technology.

The Minneapolis-based company plans to utilize the funds to bolster its production capabilities, support customers through approval processes, drive revenue growth, and further enhance its technology performance. Chromatic's focus on combining industrial chemistry with advanced additive manufacturing techniques positions it at the forefront of the industry's push for more responsive and sustainable manufacturing solutions.

Cora Leibig, founder and CEO of Chromatic, emphasized the company's commitment to delivering material performance and technology that can transform manufacturing processes. The funding round saw participation from both new and existing investors, including Embedded Ventures, whose co-founder Jordan Noone highlighted the transformative potential of Chromatic's applications, particularly in the aerospace sector.

Since its previous funding round in 2021, Chromatic has made significant strides, launching 12 proprietary material grades suitable for textile, automotive, and industrial hydraulic applications. The company's RX-Flow™ 3D printers, introduced in 2023, have gained traction in consumer, industrial, and aerospace markets across the U.S. and EU. Notable implementations include the production of climate-control cable grommets for Daimler Truck buses and parts for ÖBB rail vehicles.

Chromatic's growing patent portfolio, with 10 issuances and over 25 pending applications worldwide, underscores its commitment to innovation in the additive manufacturing space. The company's focus on elastomeric products and its RX-AM™ printing technology, based on reactive extrusion additive manufacturing, offer potential for more flexible, cost-effective, and sustainable production methods across various industries.

This latest funding round positions Chromatic 3D Materials to accelerate the implementation of its technology across multiple markets and expand its reach. As industries increasingly seek innovative solutions for complex manufacturing challenges, Chromatic's advancements in 3D printing technology and materials science could play a crucial role in shaping the future of industrial production, particularly in sectors demanding high-performance elastomeric components.