Caracol, an Italian deep-tech company that has pioneered large-scale robotic additive manufacturing, recently raised $40 million USD in a Series B funding round to help accelerate its global expansion. This investment will support the company’s continued push into new global markets, including scaling up its operations in the United States, the European Union, and the Middle East. Caracol hopes to additionally deepen its overall development of both polymer and metal 3D printing systems and industrial applications.
The funding round was supported by Omnes Capital, Move Capital Fund I, and CDP Venture Capital’s Large Ventures Fund. Italian institutional investors such as Primo Capital SGR, Eureka! Venture SGR, and Neva SGR also put their backing behind Caracol’s funding goals. The Series B round was oversubscribed and enabled early investors to leave with strong returns. This highlights the international confidence in Caracol’s approach towards large industrial-scale additive manufacturing.
Caracol has spent the last five years within the industry, establishing itself as a dynamic player in advanced 3D printing. Many of its proprietary robotic systems can create large, complex components using polymers or metals. This eliminates size constraints, which are often the drawback of conventional 3D printers. This newfound capability has allowed the company to reshape its industrial supply chain across multiple sectors. So far, the company has reduced costs by up to 70 percent for maritime customers and halved tooling lead times for automotive and motorsports manufacturers. This aligns with the industry push towards circular economic practices, which promote sustainability and minimize waste.
The company plans to use this new capital towards strengthening its technological backbone. This includes improvising its current multi-material platforms through enhanced software, artificial intelligence, and data-driven process control to help deliver higher precision and efficiency for its customers. Caracol also plans to ramp up its metal additive manufacturing capabilities to serve the aerospace, defense, and energy sectors while also expanding its polymer solutions for transportation, architecture, and other key industries.
Headquartered in Milan with additional regional offices in the United States and the United Arab Emirates, the company has grown to include over 100 employees and operates in more than 50 countries. Its expansion to Texas in the US has helped create a North American hub to manufacture and deploy its technology locally. The company’s recent acquisition of additive robotic intellectual property from Hans Weber Maschinenfabrik in Germany has also helped to strengthen its European technological base.
Caracol’s strategy is to help bring 3D printing to an industrial scale by offering flexible and sustainable manufacturing solutions. They hope this will reduce lead times and costs for companies, while providing a competitive edge in fast-moving industrial markets. With its Series B funding secured, the company is poised to push additive manufacturing further into the mainstream of global industry.
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*All Photo & Video Credit: Caracol