3D Laser Printing Startup Utilight Raises $2.9M

March 8, 2016 | Israeli 3D laser printing developer Utilight has raised $2.9 million from SCI Advanced Technology Fund, high net worth Asian investors, and a strategic investor from the polymers’ industry. These new investors join existing investors including Robert Bosch Venture Capital (RBVC), Waarde Capital and I2BF Global Venture. The company has also received $3 million in grants from Israel’s Office of the Chief Scientist (OCS) and plans to raise a $15 million Series B financing in the second quarter of 2016. Founded in 2009 by chairman and CEO Dr. Giora Dishon, Amir Noy, Misha Matusovsky and Moshe Finarov, Utilight has developed a disruptive non-contact 3D laser printing technology for high-volume manufacturing of printed electronics including PV solar cells. The Company will use the latest financing to target and market to the world’s top 20 global PV manufacturers.