Divergent Tech Raises $290M at $2.3B Valuation for Additive Manufacturing

Divergent Technologies, an additive manufacturing startup, has successfully secured $290 million in a new funding round, valuing the company at $2.3 billion. The investment, spearheaded by Rochefort Asset Management, comprises $250 million in equity and $40 million in debt. This capital infusion is earmarked for accelerating the expansion of Divergent's production facilities to meet the escalating demand from its defense and aerospace clientele. Divergent is at the forefront of designing and constructing hardware systems that empower clients to utilize 3D printing for the creation and assembly of parts. The company serves a broad spectrum of industries, including aerospace, defense, and automotive, with notable clients such as General Atomics, Lockheed Martin, and Raytheon. This funding round signals robust investor confidence in advanced manufacturing technologies, particularly in sectors grappling with supply chain disruptions amidst heightened demand. Additive manufacturing, commonly known as 3D printing, employs a digital fabrication process that overcomes traditional production limitations by building objects layer by layer directly from digital blueprints. This technology offers significant advantages, including expedited production timelines and reduced costs through minimized material waste and the elimination of expensive tooling. The transformative potential of additive manufacturing was recently underscored by RTX's Pratt & Whitney division, which reportedly achieved over a 60 percent reduction in process time for its geared turbofan (GTF) engine components by implementing an additive manufacturing repair process.