AUSTIN (KXAN/ABJ)– One month after claiming it would certainly give up greater than 100 staff members, symbol Innovation Inc., a 3D printing firm valued at around $2 billion, divulged in a government declaring it has actually increased $56 million.
Regarding the discharges, Symbol stated it required to straighten to concentrate on its most recent robot system, which can publishing multistory homes and structures utilizing a brand-new, low-carbon product.
The $56 million was from financiers and stands for the preliminary close of a prepared $75 million collection C financing round.
” We are thrilled for the possibility to proceed partnering with first-rate financiers, board participants and companies,” a Symbol agent stated in an e-mail to ABJ. “This fundraise will certainly speed up the advancement of Phoenix az, our line of multistory 3D printers, and we eagerly anticipate placing the robot modern technology right into the hands of contractors around the globe.”
According to a WARN Notification submitted by symbol, the discharges would certainly happen March 8.
Find out more at the Austin Organization Journal.
