Nextech3D AI, an artificial intelligence (AI)-powered 3D printing technology company that automates additive manufacturing workflows, announced the closing of its first tranche of a private placement, raising a total of $617,000. The financing was raised from a combination of new and existing investors, including individual and institutional investors. The proceeds will be used to expand Nextech3D’s team and accelerate the development of its AI-driven technologies. Nextech3D AI is a company specializing in 3D printing solutions that are powered by machine learning and artificial intelligence. Its proprietary technologies are designed to improve the speed, accuracy, and complexity of 3D printed parts while reducing costs and production times. Nextech3D’s proprietary workflow automation technology uses AI to analyze a part or model from its digital twins in the cloud. The company’s platform takes into consideration a range of factors that affect 3D printing performance—such as speed, accuracy, and material selection—and can automatically select the best parameters for optimal printing success. The firm’s technology can drastically improve 3D printing speed and accuracy, while also reducing material waste and production time. It is also well suited for mid- and large-scale industrial manufacturing operations that require the scalability of an automated process. NexTech3D’s innovative technology is quickly gaining industry traction with its potential to revolutionize 3D printing. With the proceeds of the private placement, the firm is well positioned to build and continue to improve its technology and gain traction in the industry. The financing round is the latest milestone for Nextech3D AI, as the firm is rapidly advancing its technology and gaining investor interest. It marks an important step for the company as it looks to further expand its operations and take advantage of its growing market opportunity.