3D printing startup A.TEAM Ventures raised USD 2M from Altos Ventures

A.TEAM Ventures, which operates an online 3D printing service called Shapengine, raised USD 2 million from Altos Ventures. A.TEAM Ventures develops, manufactures, and sells Creatable D3, the 3D printer that Shapengine uses for educational purposes. It also develops, manufactures, and sells Waggle, the remote controller for 3D printers.

Shapengine officially launched in June 2016, and is being utilized by many graduate students, architects, product designers, and by anybody who needs to make prototypes or mock-up products professionally. So far, they have built prototype production portfolios for cosmetics containers, lightweight parts, and construction models for new research institutes of large corporations. Shapengine also provides 3D modeling services for creating 3D model files by uploading only 2D images or just simple sketches, which makes it easier for the general public to do 3D printing.

Han Kim, Managing Director at Altos Ventures, said, “The 3D printing industry is evolving from hardware to SaaS. I believe in this team’s execution skills and in their grit. We look forward to the success of A.TEAM Ventures to grow into a company that can help domestic hardware companies since Korea is a manufacturing powerhouse”.

San Ko, CEO of A.TEAM Ventures, mentioned, “Shapengine started as the first P2P-based 3D printing online sharing service in Korea and expanded into the industrial 3D printing industry. Through this investment, we hope to introduce 3D printing to the general public and to further expand our service area by adding various manufacturing equipment, as well as industrial 3D printers”.

(Top photo from 58pic.com)

This article, entitled “3D printing startup A.TEAM Ventures raised USD 2M from Altos Ventures”, was written in Korean by Platum, edited by AllTechAsia.

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