Latvian Exponential Technologies gets €280k from the Horizon Europe program
Riga-based startup Exponential Technologies has received €280,000 funding from the Horizon Europe program. This funding is meant to support their efforts in developing advanced multi-material 3D printing techniques using machine learning and data science, ArcticStartup reports.
- Founded in 2019 by Pavel Cacivkin, Matthias Kaiser, and Girts Smelters, Exponential Technologies develops AI and ML tools for industrial manufacturers in biotech, chemicals, and additive manufacturing. The company’s primary focus is to give data superpowers to R&D engineers by using their xT SAAM platform.
- The MADE-3D project, spearheaded by Exponential Technologies, aims to revolutionize the metal 3D printing industry. Funded by the Horizon Europe program, this initiative endeavors to develop a groundbreaking method for manufacturing multi-material components through a single 3D printing process by utilizing ML and data science.
“This is our first time taking part in a research project with so many players. It is simultaneously a huge challenge and a great opportunity to find valuable partners,”
Ģirts Smelters, Exponential Technologies CEO, says.
- Scheduled to run until 2025, this collaborative effort seeks to significantly impact industries like automotive, aviation, and space.
About Horizon Europe
Horizon Europe is the EU’s key funding program for research and innovation with a budget of €95.5 billion. The program tackles climate change, helps to achieve the UN’s Sustainable Development Goals and boosts the EU’s competitiveness and growth. One of its previous investments includes Finland’s Comptek Solutions.