Nexa3D, a Ventura, Calif.-based production-grade polymer 3D printers enabling additive manufacturing, closed financing rounds exceeding $55m in funding.
The rounds were led by a multi-billion-dollar alternative asset manager and existing investors, OurCrowd and Saudi Aramco Energy Ventures, with participation from new investors as well.
The company intends to use the funds to bolster its manufacturing operations, scale commercial activities worldwide, expand customer acquisition and customer success operations, grow its reseller channel globally, expedite several new products to market, and extend its overall polymer technology leadership.
Led by Avi Reichental, Nexa3D is a provider of ultrafast polymer 3D printers for the entire product lifecycle from prototyping to manufacturing for professionals and businesses of all sizes.
Bold Prince Holds Tight Grip On Cash Machine Saudi Aramco, The Worldâs Most Profitable Company
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Staredown: Crown Prince Mohammed bin Salman gives an interview to the official TV channel in Riyadh, Saudi Arabia on April 28, 2021.
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On track for $80 billion in income this year, Saudi Aramco held onto its No. 5 spot in the Global 2000. Shares trade âin their own universe,â as investors show faith in the vision of Crown Prince Mohammed bin Salman
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Seeq announces $50m funding round led by Insight Partners
RIYADH, May 3, 2021 software, has closed a $50 million Series C funding round, led by global venture capital and private equity firm Insight Partners. It included participation from existing investors Saudi Aramco Energy Ventures, Altira Group, Chevron Technology Ventures, Cisco Investments and Second Avenue Partners. This round brings Seeq’s total funding since inception to approximately $115 million. Headquartered in Seattle, Seeq enables engineers and scientists in process manufacturing organizations to rapidly analyse, predict, collaborate, and share insights to improve production and business outcomes. Seeq customers include companies in the oil and gas, pharmaceutical, chemical, energy, mining, food and beverage, and other process industries.