Wayland Additive develops, manufactures and sells electron beam metal additive manufacturing (3D printing) machines to industrial end-users in aerospace and medical industries. The company’s technology is based on evolutions from scanning electron microscopy and electron beam lithography to advance electron beam 3D printing. Led by CEO Will Richardson, Wayland plans to use the funds to expand operations and increase in-house production capability. The business reported rapid growth over the past year and described 2023 as a successful year. Management said it will continue to seek additional funding over the coming year to support growth and global customer expansion. Wayland was born out of a high precision engineering team with links to the University of Sheffield’s Department of Materials Science and Engineering. Wayland Additive is a Huddersfield, UK-based electron beam metal 3D printing company that raised £4.6M in funding. The article notes that, led by CEO Will Richardson, NeuBeam manufactures and sells the Calibur3 metal additive manufacturing (AM) machines. Wayland's machines enable customers to print highly specialised "super materials," such as the world’s hardest steel or tungsten, remotely and on demand for high-temperature and high-wear applications. These capabilities target industries including aerospace, mining, and medical and enable development of downstream technologies. Customers cited include the RAF (UK) and Exergy Solutions (Canada); the article states next shipments begin in May to North America, Europe and beyond. The company plans to use the funds to increase in-house production capacity to deliver more machines and materials, to hire additional staff, and to support further research and development.

Total raised

$11M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2024