On Thursday, Wenext, a Chinese digital additive manufacturing solution provider, officially announced the completion of round B financing totaling $55 million, which was jointly led by Cathay Capital Private Equity and Temasek, followed by Haochen Capital, NIO Capital, CAS Investment Management and Creo Capital.
This financing is also the largest financing in the field of intelligent manufacturing of non-standard parts this year, which will be mainly used for innovative business investment, market expansion and technology R&D of the company.
Wenext was established in 2015 and is the largest 3D printing service platform in China at present. After six years of development, the company has grown into a one stop service provider, serving 3D printing, CNC machining and injection molding. The company currently has 200,000 customers, and the annual production of spare parts exceeds 30 million pieces.
Focusing on orders from customers, Wenext reshapes the production line, building an intelligent platform that features low volume manufacturing. It utilizes a proprietary digital manufacturing platform to provide its customers with a seamless experience.