HeyGears Secures RMB 325 Million Series A Funding Led by IDG Capital to Advance Intelligent 3D Printing Solutions

VCBeat (WeChat: vcbeat) has learned that Guangzhou Heige Intelligent Manufacturing Information Technology Co., Ltd. recently announced the completion of its Series A financing round, raising RMB 325 million, led byIDG Capital Leads Investment, Shenzhen Fuji Investment Group, with co-investment from Yihuiyao Investment.

Following this round of financing, HeyGears will increase its investment in several key areas, including the research and development and production of 3D printing technologies, the advancement of its 3D printing industry chain layout, and the strategic deployment of talent. The company aims to integrate the Manufacturer-Business-Customer (production-business-user/consumer) ecosystem, establishing a seamless pathway from “digital manufacturing” to “de-scaled” retail.Novel 3D Printing Application Scenarios, becoming a nationwide leading digital production service provider with extensive commercial applications and greater value.

According to available information, HeyGears is a young digital manufacturing service provider founded by seven students from the University of Illinois at Urbana-Champaign, a U.S. public Ivy League institution. With the vision of “integrating future technology into everyday life,” the company is committed to leveraging technological innovation to bring greater convenience to human life. Since its establishment, HeyGears has received significant attention and strong support from party committees and government leaders at the provincial, municipal, and district levels.

Heige Technology has independently developed Ultracraft, a high-precision intelligent 3D printing system. Focusing on 3D printing applications and digital intelligent manufacturing technologies, Heige provides targeted, multi-dimensional 3D printing solutions for its partners, covering the entire value chain of technology, materials, equipment, and services. It is Heige’s lofty ambition to empower traditional industries with high-quality 3D printing services, thereby facilitating the digital and intelligent transformation of industries across China and even globally.

Heige Technology helps multiple industries, including dental healthcare, consumer goods, and electronics, achieve cost-effective intelligent transformation through design, smart manufacturing, and business model innovation, particularly inDigital Dentistry, Hegate Technology has leveraged 3D printing technology, digital equipment, and intelligent systems to deeply establish a comprehensive full-industry chain for the digital transformation of oral healthcare, providingHospitals and Clinics, Dentists, Dental LaboratoriesProvide reliable, precise, and comprehensive digital solutions.

Widespread Application of HeyGears Technology in the Field of Digital Dentistry (Photo provided by the company)

The founding team’s overseas engineering background has endowed HeyGears with a distinctive global perspective and rigorous commitment to quality. HeyGears has established a joint laboratory with DETAX, a leading German supplier of polymer materials, to co-develop medical-grade 3D printing resins; collaborated with Alibaba Cloud to develop intelligent printing algorithms; entered into a strategic partnership with Materialise, the world’s largest comprehensive 3D printing technology provider based in Belgium, for in-depth development of 3D printing control software; and partnered with 3Shape, a top-tier digital scanning supplier from Denmark, to streamline the entry point for digital dental data acquisition... HeyGears aims to leverage the highest-caliber global resources to promote high-quality, cost-effective 3D printing services.

A clear strategic development plan and leading 3D printing technology have enabled the young company, HeyGears, to secure nearly 100 patents and win multiple awards both domestically and internationally. In 2017, it was named one of the “50 Best Innovative Companies in China” by the renowned global business magazine Fast Company, standing as the only 3D printing enterprise on the list.

Currently,Hegate Technology has established deep strategic partnerships with leading enterprises across multiple industries in China, providing them with comprehensive smart manufacturing solutions and demonstrating strong commercial application results.This financing round represents the capital market’s recognition of the substantial commercial value demonstrated by Heige Technology across multiple dimensions, including its technological sophistication, talent pool, corporate strategy, and commercial applications.

Intelligent 3D Printing One-Stop Solution (Image Provided by the Company)）

Regarding future development, Gui Peiyan, Founder and CEO of HeyGears, stated: “Cutting-edge 3D printing technology and comprehensive digital solutions constitute a major advantage for HeyGears. In the future, we will increase our investment in R&D and production, transitioning 3D printing from merely a production tool to large-scale, multi-dimensional application across industries. By integrating throughout the industrial chain, we aim to establish a vertically integrated digital production workflow encompassing data collection, processing, and output. Ultimately, our goal is to leverage advanced technologies to liberate humanity from arduous and monotonous physical labor, enabling people to engage in more creative work and pursue spiritual fulfillment at higher societal levels, thereby enjoying a better quality of life!”

IDG Capital believes that HeyGears’ technology holds a leading position in China’s 3D printing industry; the founding team demonstrates strong awareness and capability for innovation; and HeyGears’ business model exhibits forward-thinking innovation. As a company with independently developed core technologies, HeyGears does not focus solely on investment in either technology or services, but ratherCore Focus: Integrating the Entire 3D Printing Application Chain, apply 3D printing to actual industries, industrialize and scale up 3D printing technology, and create market value.

It is understood that HeyGears, leveraging its technological expertise and resource advantages, has successfully developed a new 3D printer scheduled for imminent release. The launch of this product is expected to broaden the prospects for 3D printing applications across more industries.