Wednesday, July 24, 2024
HomeRecent ArticlesDBJ and Epson Invest in 3DEO Inc.

DBJ and Epson Invest in 3DEO Inc.

Development Bank of Japan Inc. ("DBJ") and Seiko Epson Corporation ("Epson") have invested in California-based 3DEO Inc.

Development Bank of Japan Inc. (“DBJ”) and Seiko Epson Corporation (“Epson”) have invested in California-based 3DEO Inc.

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3DEO is a North American startup with fully integrated services for the design and manufacturing of complex metal parts using its proprietary end-to-end 3D printing ecosystem of patented hardware and software. By partnering with customers on value-added design for additive manufacturing (DfAM)1 services, 3DEO accelerates production of innovative and competitive products in the aerospace, medical/healthcare, semiconductor and industrial markets.

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This investment is made by DBJ, which promotes “technological innovation and reorganization of industry,” and by Epson, which promotes “manufacturing innovation” under its Epson 25 Renewed Corporate Vision. The investment was made through the DBJ Startups and Innovation Fund,2 which is part of DBJ’s Specified Investment Operations,3 as it will support 3DEO’s business expansion in North America and Japan from a capital perspective and contribute to innovation and competitiveness enhancement in the Japanese manufacturing industry.

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DBJ will provide hands-on support to 3DEO and work closely with Epson and other stakeholders to proactively support 3DEO in building its business and increasing its corporate value. In addition, DBJ will serve as a nexus for all parties involved, including the national and local governments and related private companies, and contribute to the social implementation of DfAM in Japan, aiming to contribute to the innovation and restructuring of the manufacturing industry.

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About Epson

Epson is a global technology leader whose philosophy of efficient, compact and precise innovation enriches lives and helps create a better world. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson’s goal is to become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.

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About DBJ

DBJ was established on October 1, 2008 as a joint stock corporation under the Development Bank of Japan Inc. Law (Law No. 86 of 2005, as amended) (the “Company Law”), as part of the Japanese Government’s efforts to reform policy finance. DBJ is the successor to the Development Bank of Japan (the “Predecessor”).

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