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Business

Lumafield Announces $75 Million Series C Funding

Lumafield, a developer of industrial X-ray CT technology, has announced it has closed a $75 million Series C funding round. The funding solidifies the company’s position as a leader in advanced manufacturing as the U.S. renews its focus on manufacturing supremacy and companies around the world reconfigure their supply chains in response to strategic threats. 

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German Machine Tool Industry Reports Muted 2024 Annual Results

Orders received by the German machine tool industry in the fourth quarter of 2024 were 7 percent down on the previous year’s figure. Orders from both Germany and abroad fell by similar amounts: 7 percent and 6 percent, respectively. In 2024 as a whole, incoming orders declined by 19 percent. Domestic orders were 9 percent down on the previous year, while orders from abroad fell by 24 percent.

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