Hyperganic has announced the closing of $7.8m in funding, with a focus on significantly expanding their presence in Singapore. The round is led by German funds HV Capital and VSquared Ventures. Co-investors are US-based tech fund Converge, industrial partner Swarovski and PC pioneer Hermann Hauser, co-founder of ARM.
Hyperganic was founded in 2017 to radically accelerate innovation in design, engineering and production of physical objects. The company drives a paradigm shift, where complex products are created by computer algorithms and Artificial Intelligence. The resulting objects are traded digitally and manufactured in digital factories based on industrial 3D printing (Additive Manufacturing).
The investment will drive a significant expansion of the existing Hyperganic team and the establishment of R&D centers in both Singapore and China.
“Humanity’s biggest challenges can only be solved through a giant leap in technology. We’ve created Hyperganic to fundamentally change how we design and build the things around us. Now we are ready to shift gears. We are happy to have the support of such a diverse team of investors on this exciting journey,” said Lin Kayser, co-founder and CEO, Hyperganic.
Hyperganic will use Singapore as a key pillar of the company’s development strategy. This decision was driven by the country’s investment in a vibrant deep technology ecosystem, specifically for advanced manufacturing technologies such as A.I., robotics and industrial 3D printing. As part of Singapore’s five-year RIE (Research, Innovation, Enterprise) plans, NAMIC, the National Additive Manufacturing Innovation Cluster, was incepted to orchestrate and implement strategies for the future of production.
“Singapore is one of only a few countries which have recognised the seismic shift happening through digital factories based on Additive Manufacturing. The products designed by our Singapore A.I. engineers will be game changers for many industries that are highly relevant to the region. With NAMIC, Singapore has a unique organisation that demonstrates the country’s strategic commitment to transforming an entire industry sector,” said Kayser.
“We have engaged Hyperganic as early as 2018 when it was in stealth mode, after Lin and I met at a conference. Back then, it was extraordinary to me what the company had envisaged — a paradigm shift in the way people design, using algorithms to create functional products with biomimicry designs. We are delighted to be partnering with Hyperganic on their growth journey, and excited by its plans to rapidly expand its footprint in Singapore and Asia,” said Dr. Chaw Sing Ho, Director, NAMIC Singapore.
Check these articles out:
For other exclusive articles, visit www.equipment-news.com.
WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!