3D printing technology startup MADDE announced on the 15th that it has completed raising a total of 11 billion won in Series A investment round. DSC Investment, Schmidt, Atium Investment, Company Partners, Intervest, and Hyundai Motor Securities participated in this investment.
Made is a technology-based startup spun off from Hyundai Motor Company, and it manufactures and supplies high-performance parts required for high-difficulty industries such as semiconductor equipment, aerospace, and small nuclear reactors using 3D printing technology. In particular, in the field of 3D printing, which is one of the '10 key strategic technologies' designated by the U.S. government, it is attracting attention based on its precision parts production technology based on silicon carbide (SiC) materials.
In July 2024, Made was officially recognized for its technological prowess by being selected for the system semiconductor sector of the 'Deep Tech Tips R&D' program hosted by the Small and Medium Business Information Promotion Agency (TIPA). The program is part of the 'Super Gap Startup 1000+' program, in which the government intensively supports promising super gap technology startups in conjunction with private investment.
The investment funds secured this time will be used intensively for expanding production facilities for mass production of silicon carbide parts, domestic and international marketing, and expanding sales channels. Made plans to begin full-scale expansion of production capacity based on its own production system that has internalized even the post-processing.
Cho Shin-hoo, CEO of Made, said, “Through this investment, we have acquired the ability to produce all processes, including post-processing, in-house,” and “We are focusing on expanding production and entering the global market to meet the demands of domestic and international customers.”
- See more related articles
You must be logged in to post a comment.