3D Printing Company Inkbit Opens HQ In Medford

MEDFORD, MA — Local officials welcomed 3-D printing company Inkbit to Medford with a ribbon cutting ceremony on Wednesday.

"This innovative product will make our city a destination for manufacturing and emerging technologies," Mayor Breanna Lungo-Koehn wrote on Facebook. "I'm thrilled to see new businesses choose to put down roots in Medford and recognize all the incredible resources we have to offer."

The company's office is located at 200 Boston Avenue. According to its website, Inkbit "strives to eliminate the existing chasm between prototyping and manufacturing to enable rapid, on-demand manufacturing of multi-material, end-use products."

Inkbit announced July 20 that it received $30 million in its second round of financing. The funding, led by Phoenix Venture Partners, will boost production of its Inkbit Vista printing system and allow the commercial team to support expansion into the Asian-Pacific and European, Middle Eastern and African markets, according to a press release.

"Inkbit is currently experiencing significant growth and we are excited to have the opportunity to continue to build our talented team and scale the company to meet customer demand," said Davide Marini, CEO and co-founder of Inkbit. "The opportunities for additive manufacturing are growing as adoption of 3D printing for full-scale production increases. We look forward to using our raised capital to continue evolving and innovating within this dynamic industry."