# Wayland Additive

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wayland-additive

- Industry: Industrial Machinery
- Headquarters: Huddersfield, UK
- Website: www.waylandadditive.com/
- Total disclosed funding: $9.3M
- Latest round: Series A (Feb 15, 2023)
- Investors on record: 4

## About

Wayland Additive Limited, based in the UK, specializes in advanced metal additive manufacturing solutions, focusing on innovative technology to enhance production capabilities for various industries.Founded in 2019 and headquartered in Huddersfield, UK, Wayland Additive Limited develops advanced metal additive manufacturing solutions. The company has completed multiple deals, including a recent funding round in November 2023, raising GBP 4 million led by Parkwalk Advisors. CEO Will Richardson has been pivotal in the company's growth, focusing on expanding its technology and market reach.Wayland Additive specializes in advanced metal additive manufacturing solutions, primarily through its flagship product, the Calibur3® metal AM system, which incorporates the innovative NeuBeam® technology. NeuBeam® revolutionizes the electron beam powder bed fusion process by neutralizing the electron beam, providing enhanced flexibility compared to traditional laser-based systems. This technology allows the production of larger parts from a wider array of materials, catering to diverse industries such as aerospace, automotive, and medical. The company serves a global client base that requires high precision and quality in metal component fabrication.Wayland Additive generates revenue through direct sales of its Calibur3® metal AM systems and associated services, primarily through B2B transactions. Clients engage with the company via structured agreements for purchases and long-term projects. The pricing reflects the advanced technology and customization available through the NeuBeam® process, targeting manufacturers seeking innovative solutions. Revenue is also supported by ongoing maintenance services tailored to client needs, promoting long-term relationships and repeat business.In November 2023, Wayland Additive Limited raised GBP 4 million in venture funding, part of a larger GBP 10 million equity financing round, valuing the company at GBP 46.02 million post-money. The funding will be utilized to expand operations and enhance in-house production capabilities. Future plans include the development of new products designed to meet the evolving needs of the market and expanding their reach into additional geographic regions, aligning with the company's strategy to solidify its presence in the advanced manufacturing sector.

## Funding rounds

- Series A, Feb 15, 2023, $5.5M — Parkwalk Advisors, ACF Investors, Longwall Ventures, Metrea Discovery
- Series A, Jul 30, 2019, $3.7M — ACF Investors, Longwall Ventures

## Investors

- ACF Investors (https://capitalatlas.ai/funds/acf-investors) — Series A
- Longwall Ventures (https://capitalatlas.ai/funds/longwall-ventures) — Series A
- Parkwalk Advisors (https://capitalatlas.ai/funds/parkwalk-advisors) — Series A
- Metrea Discovery (https://capitalatlas.ai/funds/metrea-discovery) — Series A