Israel's XJet 3D Printing Firm Raises $25 Million in Funding Round

Funding round led by Israeli-Chinese private equity fund Catalyst CEL and design software maker Autodesk. XJet's technology uses solid metal nanoparticles suspended in liquid ink in sealed cartridges.

Tova Cohen
Printer technology has reached the 3-D age: This is a sculpture created using a 3-D printer, or in Hebrew - a madpeset.
Printer technology has reached the 3-D age: This is a sculpture created using a 3-D printer, or in Hebrew - a madpeset.Credit: Reuters
Tova Cohen

REUTERS - XJet, which develops technology for 3D printing for metal parts, said on Thursday it raised $25 million in a funding round led by Israeli-Chinese private equity fund Catalyst CEL and design software maker Autodesk.

XJet's technology uses solid metal nanoparticles suspended in liquid ink in sealed cartridges. Extremely high temperatures cause the liquid "jacket" around the metal nanoparticles to evaporate, resulting in strong binding of the metal.

The company originally developed a printing solution for the solar panel industry and expanded into manufacturing in 2013.

From 2007-2011 XJet raised $60 million from investors including Applied Materials and Israel's Landa Ventures and in 2014 it raised another $22 million to fund its transition from the solar panel sector. The latest financing will be used to launch its products in global markets.

Catalyst CEL Fund, which last month said it raised over $200 million, is a partnership between Catalyst Private Equity in Israel and China Everbright Ltd (0165.HK), a Hong Kong-based asset manager. The fund said it expects to help XJet penetrate China's manufacturing sector.

Comments

SUBSCRIBERS JOIN THE CONVERSATION FASTER

Automatic approval of subscriber comments.

Subscribe today and save 40%

Already signed up? LOG IN

ICYMI

An El Al jet sits on the tarmac at John C. Munro International Airport in Hamilton, Thursday, in 2003.

El Al to Stop Flying to Toronto, Warsaw and Brussels

A young Zeschke during down time, while serving with the Wehrmacht in Scandinavia.

How a Spanish Beach Town Became a Haven for Nazis

Ayelet Shaked.

What's Ayelet Shaked's Next Move?

United Arab List chairman Mansour Abbas in the Knesset on Monday.

Arab Voters Will Decide if Israel's Far-right Wins Power

נתניהו עם כיפה שחורה על הראש נשען בשתי ידיו על הכותל

Israel Is Heading for Its Most 'Jewish' Election Ever

FILE PHOTO: A Star of David hangs from a fence outside the dormant landmark Tree of Life synagogue in Pittsburgh's Squirrel Hill neighborhood in 2021.

American Judaism Is in Decline. That's Great News for American Jews