Conflux Technology, an Australian startup that specializes in deploying additive manufacturing (AM) to produce heat exchangers, has brought in USD 11M in its Series B round, led by Breakthrough Victoria, a company managing a USD 2bn venture capital fund on behalf of the Australian state of Victoria.
Conflux plans to use the Series B funding to accelerate development of its CPS workflow process, while also enhancing its on-the-ground operations in the US, Europe, and Asia. The company is also embarking on a partnership with Long Beach-based hybrid vertical takeoff and landing (VTOL) startup Odys Aviation, with the partners aiming to reduce fuel consumption in Odys’ cargo aircraft by over 40%.
Conflux may do for heat exchangers what Ursa Major is doing for rocket motors, building up a new AM-based supply chain capable of meeting surge demand for mission-critical parts.
It is notable that in the cases of both Ursa Major and Conflux, next-gen aviation is the key catalyst supporting the companies’ growth trajectories. It is also important to note here that both companies — and especially Conflux — make products for emerging aerospace technologies that have a multitude of crossover applications.