Advanced manufacturing firm Divergent Technologies raised $290 million in a new funding round. The investment, which includes $40 million in debt, now values the company at $2.3 billion.
Expanding US Manufacturing Footprint
This new capital will directly fund a significant operational expansion for Divergent Technologies. The company plans to enlarge its manufacturing facilities in Los Angeles. Additionally, it will break ground on an entirely new factory in Oklahoma next year.
Divergent Technologies utilizes specialized 3D printers to produce up to 600 unique parts, with a focus on metal missile airframes. This technology places it in a competitive landscape with other industrial printing specialists like Velo3D.
The company currently supplies components to major defense contractors, including Lockheed Martin, RTX, and General Dynamics.
Consequently, this funding addresses the rising demand for domestic defense tech capabilities as global weapons demand strains traditional supply chains. The investment allows the company to scale its additive manufacturing platform, which competes with established players such as 3D Systems.