🖨️ On the Ground at Zeda’s New 3D Printing Facility with Shri Shetty and Greg Morris
Zeda, originally PrinterPrezz, primarily works with medical implants and related instrumentation, and Morris explained that when PrinterPrezz acquired his Vertex Manufacturing company, they were “brought on board to continue to do what we do with aerospace and the DoD, and energy, and other industries, but also a significant medical focus and making the actual cervical spinal implants and instrumentation.”
Walking through the large factory, Morris said that, save for a few aisles, the concrete floors would all soon be covered with epoxy, some of which you can see in the above image. In terms of automation being used, we passed by a Makino a51nx 4-axis CNC machining center, and a system of “carrier pallet mobile systems,” which allows operators to set up different jobs on the steel pallets. Morris said this was “a good example of trying to take and automate equipment in order to really perform lights-out manufacturing.”
Zeda, Inc. (Formerly PrinterPrezz / Vertex Manufacturing) Closes $52 Million Series B Financing Round
Zeda, Inc. (previously PrinterPrezz / Vertex Manufacturing), a global leader in advanced 3D manufacturing and nanotech solutions for the medical, space, aerospace, and defense industries, closed a $52 million equity and debt financing for a total capital raise of $68 million to date. The Series B round included participation by multiple new institutional and strategic investors, including Michelin, Taiyo Nippon Sanso Corporation (a Mitsubishi Chemical Group company), and Fives Group. It was jointly led by existing investors: Boutique Venture Partners, Berkeley Catalyst Fund, DOV Management, and Solvay Ventures. The company will primarily use the proceeds to fund its new advanced manufacturing digital foundry in Cincinnati, Ohio, as well as expand our facilities globally to address the growth in demand for metal 3D printing in the medical, aerospace, defense, space, and energy applications as well as expansion into the Asian market for its medical implant applications.