Participated · Equity · May 2024

Led by CEO Davide Marini and based in Medford, MA, Inkbit develops a multi-material additive manufacturing system designed for volume production of complex polymer 3D printed parts. Its Vision-Controlled Jetting (VCJ) technology combines advances in computation, chemistry and process control to scale from prototyping to production on the same platform. The system targets rapid manufacturing of innovative products such as complex industrial fluidics and bio-inspired robots. Inkbit says its platform accelerates the translation of ideas into products and enables multi-material manufacturing across development and production. The company intends to use newly raised funds to expand operations and advance development efforts. No operating metrics (revenue/users) were disclosed in the article. Inkbit develops vision-guided, closed-loop 3D printers that use imaging and AI to detect and correct printing errors on the fly. The company’s Vista printer, released in February, builds on its Vision-Controlled Jetting (VCJ) closed-loop feedback technology. Inkbit holds exclusive licensing rights to technology developed with financial support from DARPA. Founded in 2017, the firm says it is experiencing significant growth and plans to scale its team to meet customer demand. The latest funding will be used to expand sales reach in the U.S. and into additional markets including Asia and Europe/Middle East/Africa. Total funding now stands at $45 million after the current round. Inkbit developed the first 3D printer driven by vision-based feedback control and artificial intelligence, using contactless material jetting to print multi-material parts with production-grade materials. The platform adds machine vision and machine learning to material jetting to increase accuracy, reliability and automated quality assurance for every printed part. The company aims to industrialize its system for multi-material and volume manufacturing, expand its materials set for medical, life sciences and robotics applications, and install first units for customers. Inkbit has run an early access program with customers such as Johnson & Johnson and plans to release first systems in 2021 to select customers. The company was spun out of MIT CSAIL in 2017 and is based in Medford, Massachusetts. Prior and public funders include DARPA, the National Science Foundation and MassVentures.

Participated · Seed · Jul 2022

Atlantic Quantum develops scalable superconducting quantum computers with a focus on achieving fault-tolerant hardware by improving qubit coherence and control. The company plans to use new types of noise-protected qubits to improve coherence times by an order of magnitude and employ extensible control schemes to enable processor scaling. Founded in spring 2022 by researchers from MIT’s Engineering Quantum Systems (EQuS) group, the team includes CEO Bharath Kannan, President and CTO Simon Gustavsson, and other leaders drawn from MIT and Chalmers. Atlantic Quantum announced a $9 million seed investment led by The Engine to fund technical development and commercialization efforts. The company intends to expand its team in the U.S. and Sweden, build out lab space in Cambridge, MA, and advance collaborations with industry partners. Atlantic Quantum emphasizes prioritizing qubit quality before size to accelerate real-world applications across healthcare, finance, manufacturing, communication, and logistics.