Inkbit has closed a $19 million financing round led by Ingersoll Rand. Other participants in the round include Future Labs Capital, GC Ventures America and iGlobe Partners among others.
The funding will be used to advance Inkbit’s Vision-Controlled Jetting, or VCJ, technology, which enables the rapid manufacturing of products like complex industrial fluidics and bio-inspired robots. As part of the transaction, Jason Weber, VP of engineering at Ingersoll Rand, and Henry Ford III, director at Ford Motor Company, will join Inkbit’s board of directors.
Inkbit’s VCJ technology combines the scalability and reliability of traditional assembly lines with the flexibility and intelligence of 3D machine vision-based feedback control. According to the company, its VCJ technology has the potential to transform the way multi-material systems are manufactured, eliminating the need for subcomponent assembly.
