Wayland Additive Raises £4.6m to Boost 3D Printing, Manufacturing
By Adedapo Adesanya
Wayland Additive, a Huddersfield-based electron beam 3D printing manufacturer in the United Kingdom, has raised £4.6 million in funding to expand its offering.
The fund was backed by investors, including Longwall Ventures, Parkwalk Advisors, ACF Investors, and Metrea Discovery.
The company intends to use the funds to increase its in-house production capability to deliver more machines and materials to customers.
It also plans to boost its labour force and hire more workers, as well as support further research and development.
Led by CEO Mr Will Richardson, NeuBeam— its company— manufactures and sells the Calibur3 metal additive manufacturing (“AM”, otherwise known as 3D printing) machines to end-users who require high precision and complex components, often made from advanced metal alloys, in areas such as the aerospace, mining, and medical industries.
Wayland’s machines allow customers to print highly specialised super materials, like the world’s hardest steel or tungsten, remotely and on demand.
These materials, which can be used in high-temperature and high-wear applications, also enable the development of new downstream technologies in a wide range of industries.
Customers include the Royal Air Force AF (UK) and Exergy Solutions (Canada), with the next shipments starting in May to North America, Europe and beyond.
Wayland Additive makes electron beam (eBeam) additive manufacturing (AM) more effective and accessible to industry for a broader range of applications.
The company is defined by its open approach to the precise alignment of technological solutions with customer expectations.
In this way, Wayland Additive promotes its NeuBeam metal AM process as an attractive and viable alternative to traditional manufacturing and existing AM processes that overcome many of the issues manufacturers face for high-value, complex metal applications.