Ruilis 3D raises nearly ¥100M to scale additive manufacturing platform
What's the deal? Ruilis 3D Technology has raised nearly 100,000,000 CNY (about $14.7 million) in a new funding round. The round was led by Cowin CapitalDealroom has a profile for this one. Try Dealroom →, with participation from Haojun InvestmentDealroom has a profile for this one. Try Dealroom →, Wuzhong Financial HoldingsDealroom has a profile for this one. Try Dealroom →, and Shihu FundDealroom has a profile for this one. Try Dealroom →. Xinliu Capital served as financial adviser.
What's the endgame? Ruilis focuses on core additive manufacturing technology and its industrial application. Over more than a decade, it has grown from a core components supplier into a platform for additive manufacturing technology and system solutions.
What's the money for? The company will direct funds toward core technology research, a digital smart manufacturing system, global brand expansion, and new business lines. The aim is to build a leading additive manufacturing platform.
The signal: The raise reflects continued investor appetite for China's advanced manufacturing sector, where suppliers of critical components are moving up the value chain into full technology platforms.
Read more: ITjuzi
Image credit: U.S. Army Combat Capabilities Development Command
