Venture Capital: Divergent Nabs $230M Series D For Digital Industrial Manufacturing Systems

November 14, 2023 | News, Venture Capital
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“Divergent is on a mission to rebuild the American industrial base with a truly transformational manufacturing technology.” – Lukas Czinger, President and Chief Operating Officer, Divergent Technologies

Divergent Technologies, Inc. has successfully concluded its Series D equity financing, securing an upsized total of $230 million. Hexagon AB led the round with a significant $100 million investment, joined by both new and existing institutional and family office investors. The raised capital is earmarked to expedite Divergent’s expansion into automotive, aerospace, and defense production on a commercial scale.

The company’s groundbreaking Divergent Adaptive Production System (DAPS™) represents a paradigm shift in industrial manufacturing. DAPS is an end-to-end software-hardware production system that replaces conventional design, manufacturing, and assembly methods. Utilizing AI-driven generative design software, novel materials, additive manufacturing, and automated fixtureless assembly, DAPS creates high-performance, cost-effective, customizable, and rapidly marketable products. (Cision PR Newswire)

Divergent, recognized as a certified Tier 1 supplier, serves the automotive sector with seven blue-chip customers, including Aston Martin and Mercedes-AMG. In the aerospace and defense industry, the company collaborates with six U.S. government contractors across diverse applications.

Kevin Czinger, Founder, Lead Inventor, and CEO, envisions DAPS as the cornerstone of a global network of regional manufacturing facilities, integrating supercomputing, AI, robotics, and additive manufacturing.

This marks the advent of the ‘4D Age,’ characterized by fully digitized design-manufacturing-assembly as a service, reduced material and energy consumption, distributed regional production, and democratized access to innovation tools.

Related Story:  AI-Assisted Industrial Management Platform Tractian Lands $45M

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