Japan's Mizuho Bank Funnels USD 3.5 Million in 3D Printer Startup

Mizuho Bank of Japan has put $3.5m into 3DEO, a US-based startup that produces metal parts and metal 3D printers. The startup is also involved in manufacturing metal parts through contract agreements. The investment utilized Mizuho Bank's Transition Investment Facility.

3DEO is said to be utilizing the investment in order to broaden the range of its high-precision metal parts applications, produced using its in-house developed metal 3D printers.

According to a press release, the manufactured components will be utilized in healthy industry, aerospace, medical, and semiconductors. Mizuho Bank, along with Seiko Epson Corporation, Development Bank of Japan, and Okazaki Shinkin Bank, will aid in the expansion of 3DEO by providing support and investments.

Mizuho Bank stated that they believe investing in metal additive manufacturing will aid in passing down craftsmanship skills. The bank stated that it can formalize knowledge that skilled workers previously had.

Mizuho Bank is a top global bank, having one of the biggest customer bases in Japan, as well as a worldwide network of financial and business centers. They persist in upholding their "customer first" principle as the focal point in assisting both their individual and corporate clients, with the aim of becoming their most reliable bank.