Pirate3DP raises S$589K from Red Dot Ventures to bring 3D printers to mass market
Singapore based technology incubator Red Dot Ventures has just announced that they have invested S$589,000 (approximately US$482,000) in Pirate3DP, a Singapore-based startup developing the most affordable and user-friendly 3D printer for the mass consumer market.
Founded by fresh graduates Roger Chang, Brendan Goh, and Tsang You Jun – and a serial technopreneur, A/Prof (Adjunct) Neo Kok Beng of the National University of Singapore, Pirate3DP designs and builds 3D printers, a device that produces tangible, solid objects from digital files.
For those whom are unfamiliar with 3D printing, what it does is that it transmutes a digital file into a real, tangible object – what were once bits and bytes can now be held in the palm of your hand. As incredible as it sounds, this is fast becoming a reality with the advent of 3D printing technology. There are a variety of very different types of 3D printing technologies, but they all share one core thing in common: they create a three dimensional object creating it layer by successive layer, until the entire object is complete.
“The draw of this technology is that now everyone can make anything, right in his living room,” says Leslie Loh, Managing Director of Red Dot Ventures, “3D printing is going to make a dent in the universe, and we are happy to support a local startup and be part in this technology revolution ”.
The company’s flagship product, the Buccaneer, is currently in the prototyping phase. When launched in mid-2013, not only will it provide consumers with an affordable and easy-to-use 3D printing solution, but it will also become the playground for artists to create, monetize and share ideas with others.
While rapid prototyping technology has long been around, it has only in recent times started to become affordable for consumers. “In a near future, everyone will have a 3D printer in their home sitting next to their paper printer and making plastic jewellery, kitchen utensils, toys, models, homework projects and non-critical replacement parts.” says Roger Chang, CEO of Pirate3DP
“Nonetheless, current consumer models are either too expensive or too difficult to use. We intend to change that. Pirate3D will bring this technology into everyone’s homes by making it low-cost, efficient and user-friendly.”