ThinkMetal has raised $3,00,000 (Rs 2.5 crore) in a pre-seed funding round led by 100X.VC, which is its first institutional investor. A cohort of other investors, including BSE-listed SAT Industries, KRS Jamwal, and Uday Sodhi, have also invested in the company.
This capital infusion will empower ThinkMetal to enhance its compact metal 3D printer, making the process faster, more efficient and easily accessible to manufacturers.
Traditionally, manufacturing processes are time-consuming, and existing 3D metal printers tend to be expensive, slow and bulky, leading to concerns about print failures and increased costs. To address these challenges, ThinkMetal is creating an integrated ecosystem of proprietary hardware and software solutions for end-to-end metal 3D printing.
Arushi Sharma, co-founder and CTO of ThinkMetal, said, “We are on a mission to revolutionize manufacturing processes for prototypes, tools, jigs, and fixtures. The company's ingenious compact metal 3D printer enables the creation of intricate parts right from the convenience of one's desk and at a significantly accelerated pace.”
Ninad Karpe, founder and partner of 100X.VC, said, “As the first institutional investor in ThinkMetal, we are excited with the prospect of this deep-tech startup targeting the tooling industry. India has a robust manufacturing sector and disruptive technologies are essential to spur innovation and growth of this sector.”
ThinkMetal was founded in 2021 by Sabyasachi Ghosh and Arushi Sharma. It deals in metal 3D printing technology.