Xerox backs CASTOR as 3D printing software company raises $ 3.5 million

3D printing software company BEAVER closed a $ 3.5 million + funding round that saw Photocopy join as a new investor.

The round also included Tel Aviv-based Spring Ventures as a new investor, while existing investors like Evonik Venture Capital, Jeremy Coller, TAU Ventures and Chartered Group also contributed.

CASTOR was founded in November 2017 and has since brought to market a software platform that allows users to assess the printability of part designs and the best materials to additively manufacture said part. The software – which is offered through CASTOR Light for new adopters of additive manufacturing, CASTOR Enterprise for “AM experts” and CASTOR White Label for AM suppliers – evaluates designs technically and economically to suggest the best material and construction options. technologies, identifying redesign opportunities and simulating the probability of failure.

Read more: CASTOR CEO wants to maximize the potential of 3D printing with the launch of CASTOR Enterprise

This product portfolio is able to support users wishing to use additive manufacturing for end-use parts, jigs, fasteners and spare parts, while Nexa3D and Evonik are among the industry suppliers using CASTOR. With a new wave of financing, CASTOR will seek to continue developing its marketing offer in order to meet its growing clientele.

“We are grateful for this opportunity to collaborate with leaders in the additive manufacturing industry and add layers of intelligence and automation to help engineers realize the full potential of AM,” commented Omer. Blaier, founder and CEO of CASTOR. “The investment will allow us to grow and better meet the needs of large companies. “

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