Wayland Additive Secures £4.2m Funding to Bolster Electron Beam 3D Printing Business
Huddersfield-Based Startup Aims for Global Expansion and Enhanced Production Capacity
Huddersfield, United Kingdom – January 18, 2024 – Wayland Additive, a trailblazing startup pioneering electron beam 3D printing technology, has secured an impressive £4.2 million in funding to propel its manufacturing operations forward. This strategic investment will empower Wayland Additive to expand its global reach, increase in-house production capabilities, and further refine its cutting-edge 3D printing technology.
Advancing Electron Beam 3D Printing for Diverse Industries
Wayland Additive stands at the forefront of industrial 3D printing, developing and manufacturing advanced machines that cater to a wide spectrum of industries, including aerospace, mining, medicine, motorsports, and defense. The company’s flagship product, the Calibur3 electron beam 3D printer, stands out for its exceptional ability to produce geometrically intricate products with unparalleled precision and efficiency.
Driving Innovation and Global Expansion
The newly acquired funding will serve as a catalyst for Wayland Additive’s ambitious growth plans. The company intends to channel these funds into expanding its global presence, establishing a strong foothold in new markets, and bolstering its in-house production capabilities to meet the growing demand for its revolutionary 3D printing solutions.
Will Richardson, CEO of Wayland Additive, expressed his excitement about this milestone achievement:
“This latest funding round marks a pivotal moment for Wayland Additive as we continue to forge ahead in our mission to revolutionize manufacturing processes across various industries. With this substantial investment, we aim to amplify our in-house production capacity, broaden our global customer base, and unlock new avenues for utilizing our groundbreaking electron beam printing technology.”
A Collaborative Funding Effort
Parkwalk Advisors, a leading investment firm with a keen eye for disruptive technologies, spearheaded the funding round. Longwell Ventures, another prominent venture capital firm, joined forces with Parkwalk Advisors, demonstrating their shared belief in Wayland Additive’s transformative potential.
Martin Glen, Investment Director at Parkwalk Advisors, lauded the company’s impact:
“Wayland Additive exemplifies the transformative power of university spinouts. By harnessing unique and cutting-edge technology, they are driving positive change across multiple sectors and tackling complex challenges. We are thrilled to support their journey and witness the remarkable impact they will continue to make.”
Building on a Strong Foundation
Wayland Additive’s remarkable growth trajectory is a testament to the company’s solid foundation and unwavering commitment to innovation. Since its inception in 2019, the company has garnered significant funding from reputable sources, including Innovate UK, ACF Investors, and Metrea Discovery. This latest funding round adds £4.2 million to the company’s coffers, with an additional £5.8 million targeted to complete the funding goal of £10 million.
Wayland Additive’s unwavering focus on developing and refining its electron beam 3D printing technology positions the company as a trailblazer in the manufacturing industry. With a clear vision for the future and a dedicated team of experts, Wayland Additive is poised to revolutionize production processes, unlock new possibilities for product design, and drive innovation across a multitude of industries.