SINGAPORE October 15, 2019 –Structo, a global dental 3D printing solutions provider headquartered in Singapore, announced today the close of its latest funding round backed by government-linked global investorEDBI. Structo aims to use this latest round of funding to help them continue pushing the envelop of digital additive manufacturing solutions specifically for the dental industry and launch new products that focus on leveraging automation to enable mass production of custom patient-specific products.
“Structo is a great example of how an idea born in our local university can reach the global market with government-linked and private investors working closely together to provide funding at different stages of its growth. Such support is especially important in nurturing deep tech start ups and ensuring a vibrant innovation ecosystem in Singapore,” says Chu Swee Yeok, CEO & President of EDBI.
Structo is currently the only 3D printing company worldwide that focusses solely on solutions for the dental industry. The company was founded in 2014 as a project out of the National University of Singapore (NUS) that grew into an industry leader today with its printers installed across 5 continents and producing hundreds of thousands of dental appliances per month.
With the support of world leading venture capital funds including GGV Capital (Silicon Valley and China) and Wavemaker Partners (Los Angeles and Singapore), Structo has very rapidly expanded globally and now has its own presence in the United States, Canada and the UK – in addition to the Singapore headquarters where all engineering and development take place. Structo has fostered numerous partnerships in the dental industry that helped them develop a series of application-specific solutions across hardware, software and photopolymer resin enabling them to offer a start-to-finish workflow to end-users.
Huub van Esbroeck, co-Founder and CEO of Structo explains why additive manufacturing paired with automation is so uniquely positioned to address the critical needs of the dental industry. “The recent rise in consumer demand for clear aligners, an orthodontic appliance that can only be produced through additive manufacturing has accelerated the demand for more novel and customized solutions,” says Huub. “At Structo, we believe there is no one-size-fits-all solution for any specific end-use, in particular for an industry that is as diverse in size and requirements as dental.
“Partners such as EDBI have been instrumental in getting Structo to where it needs to be,” explains Huub. “EDBI’s support has allowed our team to develop capabilities in Singapore in engineering, product development, material sciences and manufacturing. By leveraging EBDI’s strategic industry partners, investor community and network of talent, we were able to push the boundaries of additive manufacturing. EDBI’s investment in our company is a testament to the successes our team has achieved in a short period of time. It will help us continue to fulfil the dental industry’s need for novel solutions for mass customization through digital manufacturing. It will help us continue to fulfil the dental industry’s need for novel solutions for mass customization through digital manufacturing”.
Structo is a dental 3D printing solutions provider. We design, develop and build 3D printers tailored for dental applications using our unique proprietary mask stereolithography (MSLA) technology. With MSLA, Structo’s 3D printers are able to achieve speeds much higher than conventional SLA printers and are revolutionizing the field of digital dentistry with higher throughput and lower costs, all without compromising on print quality. Alongside our dental 3D printers, we also build control systems and software, and formulate our own photopolymer materials tailored specifically to each use-case in a range of dental 3D printing applications.
For more information, visitwww.structo3d.com.
Head of Marketing & Brand Strategy
Investing since 1991, EDBI is a Singapore-based global investor in select high growth technology sectors ranging from Information & Communication Technology (ICT), Emerging Technology (ET), Healthcare (HC) and other strategic industries. As a value creating investor, EDBI assists companies achieve their ambitious goals by leveraging our broad network, resources and expertise. With our patient capital, EDBI supports companies seeking to grow in Asia and globally through Singapore.
For more information, visitwww.edbi.com
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