Ingersoll Rand Leads $19M Financing Round for Inkbit to Advance Multi-Functional Additive Manufacturing

Core Insights - Inkbit has successfully closed a $19 million financing round led by Ingersoll Rand, with participation from various investors, indicating strong market interest in its technology [1][2] - The company’s Vision-Controlled Jetting (VCJ) technology aims to transform traditional manufacturing processes by enabling rapid prototyping and production on a single platform [1][2][5] Company Overview - Inkbit is an additive manufacturing company based in Medford, Massachusetts, focusing on multi-material manufacturing solutions [6] - The Inkbit Vista™ system is designed for high-volume production of complex polymer 3D printed parts, utilizing VCJ technology [6] Technology and Innovation - VCJ technology combines the scalability and reliability of traditional assembly lines with the flexibility of 3D machine vision-based feedback control, allowing for multifunctional products to be built in one pass [2][5] - The technology is particularly beneficial for industries requiring complex supply chains and multi-step assembly processes, such as robotics, healthcare, and industrial automation [5] Strategic Partnerships - The partnership with Ingersoll Rand marks a significant milestone for Inkbit, as it transitions from being an equipment provider to collaborating with manufacturers to develop new materials and processes [4] - The involvement of industry leaders like Henry Ford III on the board is expected to enhance Inkbit's strategic direction and innovation capabilities [3][4]