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Asahi Kasei Announces Investment in Israel's Castor Technologies

Asahi Kasei Corporation (headquartered in Chiyoda-ku, Tokyo) announced on May 16 that it has invested in Caster Technologies, an Israeli startup company that develops 3D printing software for industrial use. Asahi Kasei plans to pursue synergies between its resin CAE (Computer Aided Engineering) technology services and Caster Technologies' software.

According to the "3D Printing Trends Report 2023" published by 3D printing service provider Hubs and others, the 3D printing market in 2023 will be worth $19.9 billion. According to the "3D Printing Trends Report 2023" published by Hubs, a 3D printing service provider, and others, the 3D printing market is expected to be $19.9 billion in 2023, a 17% increase over the previous year.

In many cases, when 3D printing is applied to an existing product, human judgment is used to select the target parts, decide whether or not they can be 3D printed, and in some cases, modify the shape. On the other hand, by applying an advanced algorithm developed by Caster Technologies, the company can, for example, automatically identify parts suitable for 3D printing from a bill of materials consisting of several thousand parts and CAD drawings of a single product, or suggest modifications to the shape suitable for 3D printing. Asahi Kasei is a leading manufacturer of engineering plastics.

Asahi Kasei provides resin CAE technology services mainly for engineering plastic products, and the service software provided by Caster Technologies is a front-end process for the resin CAE technology services provided by Asahi Kasei. The service software provided by Asahi Kasei is a front-end process of the resin CAE technology service provided by Asahi Kasei.

According to Caster Technologies, in addition to Asahi Kasei, existing investors such as Xerox and Spring Ventures have also invested in the company. Omar Breyer, co-founder and CEO of the company, said, "We are delighted to have the support of Asahi Kasei and other investors. This investment will allow us to continue our efforts to develop and expand our software solutions aimed at helping optimize more efficient and sustainable production processes."


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