Flux Joins $1 Million Club

In the recent years, the most important source of funds for 3D printing is ‘crowdfunding’. Companies which would otherwise haven’t had any scope to raise funds are able to raise good funds with the help of avenues like Indiegogo and Kickstarter.

In the last few years, a lot of new companies have emerged depending on general people to back their projects and fund their startups. Some companies have even raised over a $1 million within a few months. They pre-sold their products! The list includes The Micro 3D Printer, a part of M3D, which has raised above $3.4 million in May. In October 2012, FormLabs had their multi-million dollar company after it has succeeded to raise $2.9 million.

Joining the elite multi-million dollar company is FLUX Technology LLC, which has launched the kickstarter campaign a couple of weeks ago. They not only brought in an innovative approach to the market, but also they have raised a whopping $1.1 million with 21 days of the campaign still remaining.

Flux All-in-One 3D Printer has grabbed the attention by including subtractive manufacturing methods to their already existing additive manufacturing methods.

Flux uses a unique modular system that allows numerous different toolheads to be quickly be attached or removed. Their initial goal was to raise $100,000 through Kickstarter campaign. However, the company has stretched and crossed the goals of $300,000 and $1 million, surprising even the founders.

Now, Flux is in plans to introduce 8GB SD cards instead of their normal 2GB ones. It is still amazing to know that there is a growing demand for such new tools and Flux has just proved that the world is looking for new innovations.

2014-12-02T09:27:50+00:00December 2nd, 2014|3D Printing News, Uncategorized|0 Comments

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