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Intel Capital makes first Lithuania investment by backing 3D printing business

12 Feb 2014

blueprint_real_estate_170sqIntel Capital has made a pair of investments in the fast-growing 3D printing sector by backing Lithuania’s CGTrader and US-based makexyz.

CGTrader runs a 3D model marketplace backed by a community of designers, while makexyz connects people to 3D printers in their neighbourhood.

Intel Capital president Arvind Sodhani said, “3-D printing is changing the way individuals and businesses give life to ideas.

“We’re seeing the impact of this technology on numerous industries, including manufacturing, medical, retail and consumable goods, among others. CGTrader and makexyz will drive the development of the ecosystem.”

The CGTrader deal is Intel Capital’s first investment in Lithuania.

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