Aidan Daly
Divergent Technologies has closed its Series D equity financing, totaling $230 million.
Divergent said Monday that Hexagon AB invested $100 million and led the capital raising round, which included new and existing institutional and family office investors.
Divergent Technologies is the developer of the Divergent Adaptive Production System, an end-to-end digital industrial manufacturing system. DAPS leverages in-house developed AI-driven generative design software to computationally engineer structures, novel materials and additive manufacturing to materialize structures and automated fixtureless assembly to create large multi-part assemblies. Divergent uses DAPS to supply the automotive, aerospace and defense industries with next-generation products as a certified Tier 1 supplier.
The funding round will accelerate the company’s commercial scale-up across automotive, aerospace, and defense production.
“DAPS was created to serve as the foundation for a global system of regional manufacturing facilities that combine and fully exploit supercomputing, AI, robotics and additive manufacturing in a novel way,” said Kevin Czinger, founder, lead inventor and CEO of Divergent.
Czinger adds, “We now have entered the ‘4D Age’ of fully digitized design-manufacturing-assembly as a service, dematerialized products using and requiring less material and energy, distributed regional production, and democratized access to the tools, data and production assets necessary for innovation in our human-built world.”
