Company Overview
Snapshot
Founded in February 2005 by Hanan Gothait, XJet operates with 51–200 employees. The company has raised a total of $163.2 million across 7 funding rounds from 12 investors. In October 2023, XJet downsized its IPO plans to 1 million shares at $4 per share.
Business overview
XJet specializes in providing ceramic and metal additive manufacturing solutions, primarily targeting the aerospace, automotive, medical, dental, and tooling markets. The company's core technology, patented NanoParticle Jetting, is integrated into its XJet Carmel product line, which uses separate nanoparticle inks for build and support materials. This enables the production of complex ceramic and metal parts for mass production applications, leveraging the efficiency of inkjet printing. XJet's offerings contribute to sustainable production by reducing material waste inherent in additive manufacturing processes.
Strategic signal
In October 2023, XJet significantly downsized its IPO plans to 1 million shares at $4 per share, following an earlier proposal in July 2023 to raise $10 million. This adjustment signals a recalibration of market expectations or investor appetite for the company's public offering, indicating a more conservative approach to its market debut.
Log in to access full profile ›Company Intelligence Q&A
- When was XJet founded and by whom?
- XJet was founded in February 2005 by Hanan Gothait.
- What was a significant development regarding XJet's IPO plans?
- In October 2023, XJet further downsized its IPO plans, proposing to offer 1 million shares at $4 per share.
- Which investors participated in XJet's September 2019 funding round?
- In September 2019, XJet received funding from Shenzhen Hifuture Information Technology Co. Ltd and GEOC.
- Which investor led XJet's December 2018 debt financing round?
- LIQUiDITY led XJet's debt financing round in December 2018.