Deep-tech hardware startup ThinkMetal has raised $300,000 in a pre-seed funding round led by 100X.VC with participation from SAT Industries, KRS Jamwal and Uday Sodhi.
The company plans to use the funds to enhance its compact metal 3D printer and transform the manufacturing of metal parts, ThinkMetal stated in a press release.
Co-founded in 2021 by Sabyasachi Ghosh and Arushi Sharma,ThinkMetal offers a compact metal 3D printer that prints metal parts in quick time and innovates 3D printing to print metals, and functionally graded materials (FGM) and are building an ecosystem for end-to-end solutions for 3D printing.
According to the Chennai-based company, it weeds out the hassles of time-consuming processes, expensive 3D metal printers, slow and bulky print failures and increased costs.
Other significant players in the 3D printing space are IIT Kanpur incubated Objectify Technologies, Bengaluru-based Pandorum Technologies, Gaags Technologies, Fracktal Works, Altem Technologies and others.
In June, 100X.VC announced that it has funded 22 startups through Class 09. Some of the notable startups in Class 09 include abCoffee, Airbook, Bansiwala, BreatheESG and Rannkly.
