Saturday, April 25, 2020

Manufacturing startup Divergent 3D reduces staff by one-third

Here is the link.

The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department. 

The company has raised about $150 million from investors that include venture capital fund Horizons Ventures,  automotive and aerospace engineering services company Altran Technologies and Chinese backers O Luxe Holdings, an investment conglomerate backed by the Hong Kong-based real estate investment magnate Li Ka-shing and Shanghai Alliance Investment Limited, an investment arm of the Shanghai Municipal Government.


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