A 3D digital app startup HeyGears has obtained $60 million in its Series B1 round of funding from Abu Dhabi-based technology leader Group 42. This is as stated by a firm filling. The present round comes after HeyGears $46 million (325 million yuan) Series A round led by IDG in 2018. HeyGears was established in 2015 and it is based in Guangzhou.
The company offers integrating hardware, material science, software, IoT and AI for consumer electronics, and creative industries. It also offers integrating art, healthcare, and dentistry.
According to its latest release, HeyGears has collaborated with H to make a 3D printed rehab device for stroke patients. HeyGears intends to spread its presence to the UAE and beyond as part of its partnership and new funding.
“It [the funding] will fuel HeyGears’s research in advance hardware and cutting-edge software development, reduce the time-to-market of the products, develop more applications across a diverse range of vertical industries and improve human well-being with digital manufacturing.” Said HeyGears CEO and co-founder Peiyan Gui in a statement.
Group 42, an AI and cloud computing leader in the area, has its cloud computing platform, AI study centre, and develops solutions for customers in the government. It also creates solutions for clients in healthcare, aviation, leisure, finance, smart cities, and oil and gas industries.
HeyGears operates in vat polymerization additive manufacturing. Its technology is called DLP+, the same as conventional DLP only “taken a few steps further.” In this technique, instead of a fixed light source, DLP+ uses an Optical Scan (OS) technology. This is where the source shifts from side to side under the build plate.
Using this strategy, HeyGears 3D printers can use a huge build size minus the additional expense of more or bigger light sources.
DLP+ 3D printing is accessible from HeyGears in the D & A Series of systems. The A Series is the company’s “industrial” Ultracraft line while the D is for the desktop. The firm presently has seven machines resent on the market along both of the product lines.