Abu Dhabi's Group 42 invests in Chinese 3D printing firm

Abu Dhabi's Group 42 invests in Chinese 3D printing firm
Abu Dhabi's Group 42 invests in Chinese 3D printing firm

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Hind Al Soulia - Riyadh - Source: 3D Printing Industry

Chinese 3D printer provider and service bureau HeyGears Technology has reported the raising of $60 million in series B1 financing. The money has been invested by Abu Dhabi based AI and cloud computing company Group 42, which is led by CEO Peng Xiao.

Former Senior Executive VP, CTO and CIO of business analytics and mobility company MicroStrategy, Xiao says Group 42 is “optimistic about HeyGears’ strong innovation and development capabilities, product implementation capabilities, and good market performance,” adding that “HeyGears advances 3D printing technology and services to the application stage and is one of the few leading one-stop digital application providers.”

Founded in 2015, HeyGears seeks to provide a full-service ecosystem for the 3D printing of commercial end-use products. To date the company has launched two hardware lines, a suite of software platforms, a range of resins for dental, medical and “performance” 3D printing, and post-processing solutions.

“The ecosystem,” as phrased by the company, “allows HeyGears to provide B-end customers with whole-chain intelligent manufacturing solutions and offer C-end customers high-quality end products empowered by 3D printing technology.”

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