Snapmaker Raises Millions as Chinese Big Tech Investors Pile Into 3D Printing

Snapmaker, a 3D printing company, has secured "tens of millions in US dollars" in Series B funding from investors like Hillhouse Ventures and Meituan. The funding will be used for core technology R&D, talent acquisition, and ecosystem expansion. Snapmaker aims to become a global provider of a fully developed ecosystem for 3D printing, making it accessible to everyone. The company has seen success with its Snapmaker 2.0 and U1 tool changer projects, breaking Kickstarter records. Snapmaker's founder plans to recruit talent for hardware R&D, AI software, and content ecosystem development to compete with companies like Bambu Lab.