Mizuho Bank invests $3.5m in metal parts and 3D printer startup

The metal parts produced are used in various sectors, like aerospace.

Japan’s Mizuho Bank has invested $3.5m in 3DEO, a US-headquartered startup that manufactures metal parts and metal 3D printers.

The startup also engages in contract manufacturing of metal parts.

The investment was made through Mizuho Bank’s Transition Investment Facility.

3DEO will reportedly use the investment to expand its applications for its high-precision metal parts, which are manufactured using metal 3D printers developed in-house.

The parts produced will be used across various sectors, such as aerospace, medical and healthcare, and semiconductors, according to a press release.

Mizuho Bank will support the growth of 3DEO in collaboration with Seiko Epson Corporation, Development Bank of Japan, and Okazaki Shinkin Bank, all which also invested in 3DEO. 

Commenting on its investment, Mizuho Bank expressed its belief that implementing metal additive manufacturing will help in the transfer of craftsmanship skills. 

It can formalize the knowledge that was previously held by specific skilled workers, the bank said.