US Startups and Chinese Investment: A Complex Relationship
In a recent Series D funding round, Boston Micro Fabrication (BMF), a US-based 3D printer OEM specializing in micro 3D printers, raised $24 million. China’s Guotai Junan Securities led the round, with participation from Chongqing Chengxing Equity Investment Fund Partnership and Chuanghe Xincai Manufacturing Sector Transformation and Upgrading Fund. This investment from China holds significant weight, considering the recent restrictions imposed by the Biden administration on US companies investing in certain sectors in China, including semiconductors, microelectronics, quantum, and artificial intelligence.
This development raises important questions about the interaction between Chinese capital and US startups. Is it possible for companies like BMF to secure funding from both the US and China? Are there any implications for companies conducting research in China?
To shed light on these matters, Breaking Defense interviewed Rear Admiral Jason Lloyd, the US Navy’s Chief Engineer and Deputy Commander for Ship Design, Integration, and Naval Engineering at Naval Sea Systems Command. In the interview, Rear Admiral Lloyd shared an intriguing example of the application of 3D printing technology. The USS Bataan, an amphibious assault ship, utilized a 3D printer to produce a $400,000 part in just five days, drastically reducing the usual waiting time. This remarkable feat was made possible with a new letter of authorization allowing up to 25% of all ship parts to be 3D printed, as long as they have low criticality and receive permission from the commanding officer.
Additionally, Rear Admiral Lloyd unveiled the Apollo lab at Naval Surface Warfare Center Carderock. This lab serves as a testing ground for 3D printed parts, enabling researchers and engineers to replicate and address any issues or problems that arise throughout the printing process.
In other exciting developments, re:3D and Canopy Aerospace Inc. were awarded Phase II Small Business Innovation Research (SBIR) grants. Canopy focuses on developing reusable 3D printed heat shields, a technology that could have a significant impact. Meanwhile, re:3D aims to create a waste recycling and 3D printing system for in-orbit printing, presenting exciting possibilities for the future.
By staying updated with the latest news from the 3D printing industry, individuals can gain insights into the advancements, opportunities, and challenges associated with this rapidly evolving field. It is also an opportunity to receive valuable information and offers from third-party vendors.
While the infusion of Chinese investment into US startups like BMF may raise eyebrows given the recent restrictions on US companies investing in China, the relationship between Chinese capital and American innovation remains complex. As this story reveals, companies such as BMF have the potential to secure funding from both the US and China. The interview with Rear Admiral Lloyd highlights the progressive integration of 3D printing technology in the US Navy, promoting efficiency and addressing critical needs.
Despite the occasional tensions and regulatory actions surrounding Chinese investment, the shared pursuit of technological advancement and innovation continues to defy borders. The 3D printing industry serves as a prime example of the global collaboration necessary to drive progress forward.
