$28 Million Invested in Mosaic Manufacturing

The additive manufacturing industry has seen some turbulence over the last several months. We have seen layoffs, Shapeways declared bankruptcy, and Nano Dimension has announced its intention to acquire Desktop Metal. Amidst this change, however, comes positive news: Canadian company Mosaic Manufacturing raised 28 million Canadian dollars (roughly $20.6 million USD) in a financing round led by Idealist Capital.

Mosaic Manufacturing, founded in 2014, produces additive manufacturing tools for factory floor production. They serve industry leaders in logistics, consumer apparel, defense, education, and contract manufacturing and have shipped over 15,000 hardware products around the world. Mosaic’s flagship product, Array, combines fused filament fabrication (FFF) with patented hardware, automation, and software to deliver a comprehensive AM platform. Their products allow clients to create custom plastic parts at scale for an unprecedented price.

Array combines additive manufacturing and automation with patented hardware and software to optimize the 3D printing process.

Mosaic’s funding will be used to expand this manufacturing platform to provide its clients with flexible, cost-efficient, and high-quality tools. Mitch Debora, CEO of Mosaic Manufacturing, said “We’re proud to partner with our customers in building more resilient, sustainable supply chains powered by Mosaic’s Array. This funding enables us to expand our impact as we deepen our presence in factories across the globe.”