Divergent Technologies, a company offering additive manufacturing solutions for automotive manufacturing, has raised USD 230 million in a Series D funding round led by Hexagon. New and existing institutional and family office investors also participated in the round.

The raised funds are slated for supporting the firm's commercial scale-up within the automotive, aerospace, and defense production sectors.

Analyst QuickTake: This round follows Hexagon’s USD 100 million investment in Divergent in December last year to accelerate the company’s plans to build factories across the globe. On a separate note, the company acquired Sigma Additive Solutions last month to integrate its technology into the Divergent Adaptive Production System (DAPS) platform to improve production yields, expedite timelines, and accelerate material development.