Evonik invests in Israeli 3D printing decision-making software startup

• Tel Aviv-based startup Castor Technologies helps industrial manufacturers adopt 3D printing technology

• Castor develops software that evaluates the 3D printability of parts, selects the best materials and estimates costs

• The investment will help Evonik to further expand its technical services in the field of 3D printing

Essen , Germa.

"Castor has a promising market opportunity to help manufacturing companies overcome barriers to adopting 3D printing technology," said Bernhard Mohr, head of Evonik Ventur.

Evonik will contribute its expertise in 3D printing materials and help Castor make the aforementioned software a platform for all industri.

"With the help of this software, 3D printing technology is expected to be more widely used in the commercial field," said Thomas Große-Puppendahl, Head of Innovation Growth in Additive Manufacturing at Evon.

Startup Castor was founded in 2017 by Omer Blaier, Elad Schiller and David Calderon and is based in Tel Av.

Castor's software complements computer-aided design (CAD) solutions, allowing customers to simultaneously analyze existing CAD files for large assemblies or large numbers of individual par.

“Our vision is to be the gateway to industrial 3D printing technology for manufacturers,” said Castor CEO Omer Blai.

In addition to Evonik, investors in this round of financing include Standard Chartered Group and TAU Ventures, the venture capital fund of Tel Aviv University in Isra.

Evonik's venture capital division helps companies successfully acquire disruptive technologies and innovative business models, and supports digital transformati.