The raise brings total funding to more than $13 million for the 3D printer and materials company, which raised $6.4 million in Series A funding in October 2017 from Chicago-based OCA Ventures, IDEA Fund Partners, Mason Avenue Investments, Huizenga Capital Management and Inflection Equity Partners.
At RAPID + TCT 2019 in Detroit, Impossible Objects announced two watershed advances in composite 3D printing for the factory floor. The company’s latest 3D printing system, the CBAM-2, and a new partnership with BASF on PA6-carbon fiber composites extend Impossible Objects’ patented composite-based additive manufacturing process to an unprecedented range of industrial applications.
“It’s been exciting to see how our customers are putting our approach to work to create high-performance parts for everything from aircraft and cars to lightweight athletic gear,” Impossible Objects Founder Bob Swartz said in a statement. “We’re continuing to bring machines, materials and expertise to the market to transform the entire manufacturing process, from prototyping through to high-volume production.”
The new CBAM-2 3D printing system, being shown at RAPID + TCT for the first time, delivers complex parts on an industrial scale — speeding up the additive manufacturing process as much as 10x. The CBAM-2 combines high-performance polymers with long-fiber carbon and fiberglass sheets to rapidly produce 3D composite parts that are stronger, lighter, with better temperature performance, and more durable than possible with conventional 3D printing methods.
Since Impossible Objects launched its flagship Model One 3D printer at RAPID 2017, a growing number of Fortune 500 companies have adopted it. Major automotive manufacturers including Ford Motor Co., manufacturing services company Jabil, the U.S. Air Force and the National Institute for Aviation Research among others are using Impossible Objects technology.