Tech Company Financing Transactions
Divergent Technologies Funding Round
Hexagon participated in a $230 million Series D funding round for Divergent Technologies. The funding round was announced by the company on 11/13/2023.
Transaction Overview
Company Name
Announced On
11/13/2023
Transaction Type
Venture Equity
Amount
$230,000,000
Round
Series D
Investors
Hexagon (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate its commercial scale-up across automotive, aerospace, and defense production.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
19601 South Hamilton Ave
Gardena Torrance, CA 90502
USA
Gardena Torrance, CA 90502
USA
Phone
Undisclosed
Website
Email Address
Overview
Divergent has invented a complete manufacturing solution to address system level challenges. The Divergent Adaptive Production System (DAPS) is a complete software hardware solution designed to replace traditional vehicle manufacturing. To make the complex simple, it is a complete modular digital factory for complex structures. Given a set of digital requirements as input, the machine automatically computationally engineers, additively manufactures, and assembles any complex structure. The system is able to move seamlessly between manufacturing different vehicle models.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kevin Czinge
Chief Financial Officer
Ursula Ster
Chief Technical Officer
Michael Kenworthy
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