Phase3D Secures $2.9 Million to Scale In-Process Inspection for Metal AM

Phase3D has successfully closed an oversubscribed funding round, raising $2.9 million to enhance its capabilities and expedite software deployment. This investment signifies a strategic shift for the company, moving from a custom build model to standardized, large-scale product manufacturing.

The company's objective is to establish itself as the industry standard for in-process inspection within metal additive manufacturing. To achieve this, Phase3D plans to bolster its software and data science divisions, improve its structured-light heightmap sensor, and scale up its Fringe Inspection technology. Furthermore, the company aims to accelerate deployments for its expanding base of enterprise and government clients.

Phase3D currently serves customers in the aerospace, defense, and industrial sectors, with existing collaborations and deployments involving organizations such as NASA, the U.S. Air Force, and the U.S. Navy. Dr. Niall O'Dowd, founder and CEO of Phase3D, stated that the capital will support the continued growth and increased deployment of their quality inspection product for metal 3D printing, facilitating faster adoption of real-time inspection in additive manufacturing.

Ben Ferrar, COO & CFO of Phase3D, outlined the company's growth stages, from developing robust measurement technology for metal AM to translating metrology data into actionable insights. This latest investment will enable them to scale manufacturing operations as they pursue their goal of becoming the industry standard for in-situ inspection. The funding round was led by Quest Venture Partners, with contributions from Trinity Capital, Kinisis Ventures, Leroy Street Capital Partners, and Asimov Ventures.