AON3D Secures Growth Capital from Cycle Capital, Desjardins to Scale Hylo

AON3D, the Montreal-based industrial 3D printer maker, has closed a new growth capital round led by Cycle Capital with participation from Desjardins Capital and continued backing from SineWave Ventures, IronGate Capital Advisors, Starship Ventures, and EDC Capital. The financing, disclosed as an undisclosed amount, is targeted to increase manufacturing capacity and accelerate commercial deployment of Hylo and the company’s Basis machine learning software.

Hylo is presented as a sensor-driven, software-enhanced industrial 3D printer platform for high-performance polymers that integrates with open-market materials and aims to deliver repeatable, production-grade parts. Basis, described as a machine learning–driven software platform, manages, optimizes, and qualifies parts throughout the additive manufacturing process to speed part qualification and simplify use of high-temperature polymers. The company pairs Hylo’s sensor-based monitoring with Basis to shorten qualification cycles for aerospace, automotive, and industrial applications.

AON3D plans to use the funds to expand manufacturing capacity, accelerate the commercial rollout of Hylo, and grow Basis to qualify parts faster and fulfill a growing order book. Led by CEO and Co-Founder Randeep Singh, AON3D serves hundreds of businesses across more than 25 countries and positions Hylo as an easy-to-use system with unrestricted access to open-market materials, offering shops and service bureaus material flexibility for advanced polymer printing.

Cycle Capital framed its investment around AON3D’s AI-driven approach. Andrée‑Lise Méthot, Founder and Managing Partner, Cycle Capital said: “Cycle Capital is delighted to support AON3D, a fast‑growing leader in industrial additive manufacturing whose proprietary technology advances industrial high‑performance 3D printing through enhanced artificial intelligence. AON3D’s unique hardware and software combination elevates production quality, accelerates efficient manufacturing, and delivers consistent, production-grade results that enable aerospace, automotive, and industrial players to replace metals, accelerate prototyping, and produce durable end‑use parts with greater efficiency.”

The financing arrives amid a broader investor shift toward production-oriented additive manufacturing plays. Industry coverage notes a move away from hype-driven bets toward strategic, production-focused funding, citing large rounds for polymer production players as comparison points. That narrative frames AON3D’s raise as part of a trend where capital follows tools that promise reliable, repeatable output at scale.

For fabricators, contract manufacturers, and engineers, the practical takeaway is clearer: expect faster qualification pathways for high-temp polymers and wider interoperability with open-market materials. Verify how Hylo and Basis integrate with your material stack and certification workflows, and watch for AON3D’s announcements on specific capacity expansions and delivery timelines. The round signals a growth push that could put more production-grade polymer work within reach of shops that need metal-replacement strength and repeatability.