Liquid X Printed Metals, a Carnegie Mellon University startup, raises $1.4m while revealing new CEO.

Carnegie Mellon University (CMU) startup Liquid X Printed Metals has raised $1.4m in a series A round and also has announced a new chief executive (CEO).

Greg Babe (pictured) will be taking the helm of the Pittsburgh-based startup, which is aiming to produce nanometre-scale circuitry for electronic and medical devices from metals that can be printed with a standard inkjet computer.

Babe is the former CEO of engineering firm Orbital Engineering, and has held the same position at Bayer Corporation, the US subsidiary of pharma firm Bayer AG.

Although Liquid did not disclose the details of the series A round, a SEC filing shows that the firm has raised $1.4m from seven investors with the potential of closing the round at $2m.

Babe said: “Today, and at an increasing rate in the future, electronics products across all industries, from consumer to medical device and industrial sectors, will require thinner, more powerful and robust, and more adaptable technologies for the full range of applications. Liquid X will enable product designers and manufacturers to more cost-effectively maximize the capabilities of metallic conductive technology.”