Country for PR: Japan
Contributor: Kyodo News JBN
Friday, October 21 2022 - 18:00
AsiaNet
SUN METALON, Startup Company Developing Revolutionary Ultra-fast Metal 3D Printer, Raises US$5.6 Million from Japanese and U.S. Investors
KAWASAKI, Japan, Oct. 21, 2022 /Kyodo JBN/ --

SUN METALON Inc. ( https://sunmetalon.com ), a startup company developing a 
metal 3D printer, has announced the procurement of US$5.6 million in its 
pre-series A funding round. The funds were raised from new investor GLOBIS 
CAPITAL PARTNERS & Co., along with existing investors UTEC (The University of 
Tokyo Edge Capital Partners Co., Ltd.), D4V (Design for Ventures), and Berkeley 
SkyDeck Fund (associated with the University of California, Berkeley). This new 
round of fundraising brings the total investment in SUN METALON to US$7.7 
million.

Logo: https://kyodonewsprwire.jp/img/202210188315-O1-N1D9K8HU

Metal 3D printer: 
https://kyodonewsprwire.jp/prwfile/release/M107412/202210188315/_prw_PI3fl_u8Cv9yZZ.jpg


Executive team of SUN METALON: 
https://kyodonewsprwire.jp/prwfile/release/M107412/202210188315/_prw_PI2lg_8vma0uB5.jpg


With its unique ultra-high-speed metal 3D printing technology -- up to 500 
times faster than the conventional machines -- originating in Japan, SUN 
METALON aims to create a world where metal products can be produced from local 
ores anywhere in the world. The company will expand its business globally to 
democratize metal 3D manufacturing, and contribute to the shift into the next 
age of industrialization.

Comments from investors and SUN METALON's CEO: 
https://kyodonewsprwire.jp/attach/202210188315-O1-09L209pH.pdf

About SUN METALON Inc.
SUN METALON Inc. is developing a new principle-based metal 3D printer that can 
reduce costs by more than 90% due to ultra-high efficiency -- 500 times faster 
than conventional metal 3D printing technology. The first machine is scheduled 
for official release in early 2023. The size of parts that can be manufactured 
will be expanded in stages, and three machine lineups will be taken to the 
market as of 2023. The first machine is currently under development and the 
first customer delivery is scheduled for October 2022.

Exhibition information
SUN METALON will be exhibiting at the following trade shows in Japan and 
Germany.
- JIMTOF2022 (Tokyo, November 8 - 13)
https://jimtof.org/en/index.html

- Formnext 2022 (Frankfurt am Main, November 15 - 18)
https://formnext.mesago.com/frankfurt/en.html

Company information
CEO: Kazuhiko Nishioka
Established: February 2, 2021
Company website: https://sunmetalon.com


Source: SUN METALON Inc.