The 3D printing technology provider received $60m from Group 42 in the form of a series B1 investment that marks the corporate's third in a Chinese company this year.

Artificial intelligence and cloud computing technology provider Group42 provided $60m in series B1 funding for China-based 3D printing technology producer HeyGears Technology on Friday.

HeyGears runs a 3D printer rental service and has developed a smart 3D printer as well as specialist printers for use on desktop and for mass production respectively, in addition to a precision 3D printing application known as Ultracraft.

The company also provides 3D printing applications for the dental care industry, along with a medical-grade printing…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.