3D Printing Money Watch: Medical, Industrial and AI 3D Draw New Cash

Money moved fast in additive manufacturing during the second half of August. Four companies closed deals or raised capital across medical, industrial and AI-driven 3D sectors. The pattern is clear: investors are betting on production-ready systems and software that connects digital designs to physical parts.

Hike Medical Goes Big on 3D Printed Orthotics

Hike Medical raised $22.5 million in seed and Series A funding. The round was led by Max Altman at Saga Ventures, with participation from Indicator Ventures, Fifth Down Capital and RiverPark Ventures. Orthofeet joined as a strategic investor.

The San Francisco company uses 3D printing to make custom foot orthotics. Its SoleForge facility in Peoria, Illinois now runs what Hike calls the largest orthotics printing farm in the United States. Hundreds of printers operate around the clock. Production times have dropped from weeks to days. Remake rates fell from roughly one in 15 devices to one in 400.

The new money will fund expansion into prosthetics and other medical equipment. Hike also plans to hire across engineering, sales and manufacturing.

Exentis Lands CHF 33 Million in Asian Equipment Deals

Swiss additive manufacturer Exentis signed two framework agreements with new Asian customers within days. The first covers 15 Exentis production systems valued at about CHF 22 million. The second covers eight systems worth roughly CHF 11 million. Together the deals total CHF 33 million, or about $40.8 million.

The customers will use the systems for high-volume production of consumer electronics components. Exentis calls its process Additive Screen Printing. It deposits material through screens in layers and is built for mass production. The company also sells services, materials and technology licenses.

Math Magic Raises Nearly $50M for AI 3D Platform

Beijing-based Math Magic closed a Series A+ round. The company did not disclose the exact size but said it has raised nearly $50 million across two rounds over the past six months. BAI Capital and HyT Capital led both rounds. V Fund, HSG, IDG Capital and others participated.

Math Magic operates the Hi3D platform, which turns images and other inputs into digital 3D models. Its Builda platform takes that a step further by turning AI-generated designs into real products. Users can upload a photo, have AI turn it into a 3D figurine, and order the finished item for delivery.

The funding will go toward AI 3D technology and production operations. The company says it wants to strengthen its generation-to-delivery model.

PyroGenesis Picks Up Repeat Titanium Powder Orders

Montreal-based PyroGenesis announced several new orders for its Ti64 powder in late August. A large U.S. applied research facility supported by the Department of Defense and NASA placed an order on August 20. The powder will be used with electron beam melting for materials research. The same customer placed a second order six days later and indicated more could follow.

A separate order came from an unnamed U.S. additive manufacturing equipment maker on August 24. That customer had tested powder samples and moved to a commercial purchase of coarse Ti64 powder for directed energy deposition.

PyroGenesis did not disclose order values. The repeat business is worth watching because it shows customers moving from testing to regular purchases.