3D printing technology startup 'MADDE' announced on the 15th that it has completed raising a total of 11 billion KRW in its Series A round. The investment included participation from DSC Investment, Schmidt, Atinum Investment, Company K Partners, Intervest, and Hyundai Motor Securities.
MADDE is a technology-based startup spun off from Hyundai Motor Company, manufacturing and supplying high-performance parts used in semiconductor equipment, aerospace, and small modular reactors through 3D printing technology. 3D printing technology is one of the 'Top 10 Core Strategic Technologies' designated by the U.S. government, and MADDE is gaining attention by quickly meeting the demands of domestic and international manufacturing industries with its top-level technology in producing parts based on silicon carbide (SiC).
In July 2024, MADDE was selected in the 'System Semiconductor' category of the 'Deep Tech TIPS R&D' program hosted by the Technology and Innovation Promotion Agency for SMEs (TIPA), recognizing its excellent technological capabilities. Deep Tech TIPS is part of the 'Super Gap Startup 1000+' program, where private investors select outstanding startups in the top 10 super gap fields and invest, and the government provides matching funds of 1.5 billion KRW for research and development (R&D) expenses over three years.
MADDE plans to focus the raised investment on expanding production facilities for silicon carbide parts and on domestic and international marketing and sales channel development. It will complete production facilities with in-house post-processing capabilities and begin full-scale production volume expansion.
MADDE’s technology and business model, which transitioned the existing metal processing-centered manufacturing process to a 3D printing-based process, are gaining attention as a new solution in industries requiring high-precision, complex parts. Especially in the semiconductor and aerospace fields, where extreme heat resistance and wear resistance are required, MADDE’s products are establishing themselves as competitive alternatives compared to existing processes.
Since January, MADDE has been actively entering the U.S. market by participating in CES 2025, the world’s largest electronics exhibition, as a Hyundai Motor Company partner. Leveraging buyer responses at CES, it is accelerating the acquisition of North American customers.
Josinhu, CEO of MADDE, stated, "With this investment, we have succeeded in establishing full production facilities including post-processing, enabling in-house production. We are focusing on increasing production volume to meet customer demand and are in the process of collaborating to secure overseas customers."
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