Shapeways
Canvas Category Software : Cloud Manufacturing : Additive Manufacturing
Shapeways makes world-class 3D printing more accessible to everyone through automation, innovation and digitization. Shapeways’ digital manufacturing solutions have empowered more than one million customers worldwide to produce more than 20 million parts using 10 different technologies and 90 different materials and finishes delivered to 160 countries.
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Shapeways ceases operations and files for bankruptcy
Shapeways has ceased operations and filed for bankruptcy ‘after considering all strategic alternatives.’ The publicly listed company published a Form 8-K on July 2nd, 2024, detailing that it has filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 of the United States Bankruptcy Code. Filing for bankruptcy in the United States Bankruptcy Court for the District of Delaware, Shapeways has confirmed each of its subsidiaries have also ceased operations and filed for bankruptcy.
Shapeways was founded in 2007, beginning as a spin-off of Royal Philips Electronics in the Netherlands, and quickly becoming the go-to marketplace and service provider for 3D printing. The business model saw customers upload CAD files to the website for Shapeways to print and distribute, while designs could also be sold to other users.
Pyka’s Autonomous Aircraft Soar With 3D Printing Innovation
Pyka’s signature electric aircraft are transforming the future of cargo transportation with faster deliveries, improved safety, and efficiency–from ease in taking off to flying in harsh weather conditions. The expanding product line of the California-based aviation company continues to showcase their impressive vision and versatility, fueled by 3D printing. After mastering design and production of autonomous aircraft for agricultural applications like crop-spraying, Pyka transitioned into developing new solutions for middle-mile cargo transport.
Making the Call in Mass Production: 3D Printing or Traditional Manufacturing?
When focusing on plastic components and products, there are traditionally few manufacturing methods available, the oldest and most common being injection molding. While injection molding has dominated the manufacturing landscape for decades, newer techniques like 3D printing, have begun to gain traction by offering an alternative, as well as advantages over traditional methods; for example, a company may go straight to injection molding to manufacture plastic products in a high volume of 10,000 parts or more–or they may choose 3D printing for greater flexibility in making designs, multiple iterations, and the ability to make complex geometries not possible before.
Shapeways is officially a Publicly-Traded, AM Company via Merger with Galileo Acquisition Corp.
Following the business combination and related PIPE investment, Shapeways will receive $103 million of gross proceeds, including a $75 million fully-committed common stock PIPE anchored by top-tier investors including Miller Value, XN, and Desktop Metal. The PIPE also includes investments from existing Shapeways investors Lux Capital, Union Square Ventures, INKEF Capital and Andreessen Horowitz. Proceeds will be used primarily to accelerate the Company’s additive manufacturing capabilities, accelerate the rollout of its SaaS offering, expand its material and technology offerings to extend market reach and grow customer share of wallet, as well as to provide additional working capital.