Desktop Metal has paid an undisclosed amount to buy UT Dallas spinout Adaptive3D.
Adaptive3D, a US-based photopolymer resin provider spun out of University of Texas at Dallas, has been acquired by additive manufacturing technology producer Desktop Metal for an unspecified sum.
Adaptive3D provides photopolymer elastomers that enable the additive manufacturing of odourless, tough, strain-tolerant, tear-resistant and biocompatible rubbers and rubber-like materials.
Advanced materials producer Arkema supplied an undisclosed amount of series B financing in October 2020.
Nutrition product manufacturer Royal DSM and semiconductor manufacturing equipment producer Applied Materials co-led a series A round of undisclosed size size in 2019 through DSM Venturing and Applied Ventures respectively, investing with adhesives and sealants manufacturer Chemence and existing private backers.
Adaptive3D’s shareholders also included polycarbonate-based raw materials producer Covestro and drug packaging manufacturer West Pharmaceuticals.
