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3D printing company UnionTech secures $30 million in Pre-IPO funding

by Babu Patil
3D printing company UnionTech secures $30 million in Pre-IPO funding

UnionTech, a company that makes 3D printers, said it had closed a new pre-IPO funding round.

This latest funding comes after the company closed the Series D funding round in November last year.

The new funding will help the company to develop new materials, extend product lines, build a printing system platform, and promote printing technology applications.

UnionTech has built a complete 3D printing ecosystem over the past 20 years by focusing on additive manufacturing and offering 3D printers, 3D printing materials, 3D printing software, and printing apps to customers worldwide. 

According to a Contextworld report, UnionTech has topped the list of global industrial 3D printer shipments in 2021. Both 3D technology and applications have reached a tipping point that will lead to a major breakthrough. This will cause the whole industry to grow very quickly.

“The rapid development of additive manufacturing technology will enable click and produce,” said Ma Jinsong, General Manager of UnionTech. 

“He emphasized that in terms of 3D printing technology applications, as the gap between manufacturing and demand gets smaller, the product-driven is changing to demand-driven. Due to its important role in reorganizing the global supply chain and inspiring innovations, 3D printing technology will undoubtedly become one of the core technologies for intelligent manufacturing!”...

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