Divergent Valuation, Funding & Investors
Divergent is valued at $2.3B as of September 2025.
Last Divergent valuation
$2.3B
Series E · Sep 2025
Last Divergent funding round
$250M
Series E · Sep 2025
Cumulative funding Divergent raised
$939M
across 8 funding rounds
Key investors in Divergent
Alumni Ventures
Horizons Ventures
Hedosophia
Hexagon
Capgemini Engineering
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Tom Steyer
About Divergent
Divergent is a creator of the Divergent Adaptive Production System, an end-to-end software-hardware platform for industrial digital manufacturing. System enables design, additive manufacturing, and automated assembly of complex structures for automotive, aerospace, and defense applications. Technology optimizes designs, reduces material usage, and eliminates traditional capital equipment requirements, transforming manufacturing economics and environmental impact.
Founded
2013
HQ
Los Angeles, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Subscription
Valuation
$2.3B (Sep 2025)
Divergent Valuation
Divergent is currently valued at $2.3B, based on its Series E in September 2025.
The $250M round was led by Rochefort.
Divergent's valuation has grown 2.3x from $1B at its Series C in April 2022 to $2.3B in September 2025, across 4 priced rounds.
Divergent valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2025 | Series E | $2.3B |
| Nov 2023 | Series D | $2.3B |
| Dec 2022 | Strategic investment | $1.7B |
| Apr 2022 | Series C | $1B |
Divergent Funding History
Divergent has raised a total of $939M across 8 funding rounds.
Divergent's first fundraising round was a $3M seed round in December 2014. The most recent completed round was a $250M Series E in September 2025.
Divergent funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2025 | Series E | Rochefort (lead) | $250M | $2.3B | Divergent Technologies, a Torrance, California-based manufacturer, announced the closing of its Series E financing on September 15, 2025, raising $290 million at a $2.3 billion post-money valuation. The round comprised $250 million in equity capital and $40 million in debt capital, led by Rochefort Asset Management, a national security-focused private asset management firm and licensed manager under the U.S. Department of War's Office of Strategic Capital. The company has raised more than $1 billion to date. Divergent designs and builds hardware for aerospace, defense, and automotive customers using its digital manufacturing platform (DAPS). The platform enables faster development cycles, higher performance, and lower cost structures. The company originally served automotive brands including Aston Martin, Bugatti, and McLaren, but has significantly expanded into aerospace and defense markets with contracts from General Atomics, Lockheed Martin, Raytheon, and Triumph Group. Divergent demonstrated that its technology reduced part count by 80% in a modernized Raytheon airframe design. The company manufactures over 600 defense and automotive parts. Divergent achieved significant traction leading into the Series E round, reporting five-fold revenue growth year-to-date 2025 compared with 2024. The company expanded its part numbers by over 200 new aerospace and defense items in the first half of 2025 alone. With 450 employees primarily located in Southern California, including its wholly owned subsidiary Czinger Automotive, the company plans to use the funding to scale manufacturing capacity, hire additional employees, and develop new products. CEO Lukas Czinger indicated the company expects approximately 70% of revenue from aerospace contracts and 30% from the automotive sector over the next three years. |
| Nov 2023 | Series D | Hexagon (lead); John L. Thornton; Tom Steyer; Trousdale Ventures; David Beirne; Alumni Ventures | $230M | $2.3B | Divergent Technologies completed a Series D equity financing of $230 million on November 13, 2023, led by Hexagon AB with a $100 million investment, alongside participation from new and existing institutional and family office investors. The company has developed the Divergent Adaptive Production System (DAPS), an end-to-end digital industrial manufacturing platform that combines AI-driven generative design software, novel materials, 3D printing technology, and automated fixtureless assembly to create large multi-part systems for the automotive, aerospace, and defense industries. DAPS functions as a system-level replacement for traditional design, manufacturing, and assembly methods, enabling customers to develop higher-performing products faster and without design-specific capital expenditure. By the time of the Series D round, Divergent had established itself as a certified Tier 1 supplier with seven blue-chip automotive customers including Aston Martin and Mercedes-AMG, and was actively working with six U.S. government contractors across diverse defense applications. The company planned to deploy Series D funding to accelerate commercial scale-up across automotive, aerospace, and defense production, leveraging its revolutionary manufacturing system that optimizes designs, dematerializes structures, and eliminates upfront capex for customers. Following the Series D, Divergent continued expansion, subsequently closing a Series E financing in September 2025 for $290 million ($250 million equity and $40 million debt) at a $2.3 billion post-money valuation, indicating significant continued investor confidence in the company's digital manufacturing platform and its strategic importance to U.S. defense production. |
| Dec 2022 | Strategic investment | Hexagon (lead) | $100M | $1.7B | Divergent Technologies, a Torrance, California-based company founded in 2014, develops the Divergent Adaptive Production System (DAPS), an AI-driven platform integrating generative design software, novel materials, 3D printing, and automated fixtureless assembly to replace traditional manufacturing methods in automotive, aerospace, and defense sectors. The system enables faster product development, reduced material use, lower emissions, and capex-free production for customers including Aston Martin, Mercedes-AMG, Lockheed Martin, Raytheon, and Triumph Group. In December 2022, Divergent announced a Series D funding round, issuing 6,314,227 series D preferred shares at $31.6745 per share for gross proceeds of approximately $200 million, at a post-money valuation of $1.736 billion. Hexagon AB led with a $100 million investment around December 16, 2022, as part of the round that ultimately closed at $230 million in January 2023, including participation from new and existing institutional and family office investors. The funding supports scaling DAPS globally, building regional factories, expanding into defense applications, and acquisitions like Sigma Additive Solutions' quality assurance IP. Divergent had secured blue-chip automotive customers by late 2022 and six US government contractors, positioning it to rebuild the US industrial base with digitized, dematerialized production. A subsequent Series E in 2025 raised $290 million at $2.3 billion valuation. |
| Apr 2022 | Series C | Hedosophia (lead); John L. Thornton (lead); Tom Steyer (lead); David Beirne; Alumni Ventures | $160M | $1B | Divergent Technologies is an advanced manufacturing company founded in 2014 that uses 3D printing, software, and novel assembly approaches to transform aerospace, defense, and automotive production. The company developed the Divergent Adaptive Production System (DAPS), a software-defined manufacturing platform that reduces development cycles, improves performance, and lowers cost structures for customers including the US Air Force, McLaren Automotive, and Aston Martin. In April 2022, Divergent closed a Series C funding round of $160 million, led by investors including Tom Steyer and former Goldman Sachs president John L. Thornton, alongside London-based investment firm Hedosophia and others. The round valued the company at more than $1 billion and added to $200 million in previous funding from investors such as Horizons Ventures and Altran Technologies. The funding was intended to support scaling of the DAPS platform and expansion of the company's operations to serve aerospace and defense customers at greater volume. |
| Jul 2019 | Undisclosed stage | - | $96M | - | Divergent develops the Divergent Adaptive Production System (DAPS), a digital manufacturing platform using AI, 3D printing, and automation for automotive, aerospace, and defense sectors, serving clients like Aston Martin, Bugatti, McLaren, US Air Force, and Lockheed Martin. Founded in 2013-2014 by Kevin and Lukas Czinger in Torrance, CA, Divergent reached unicorn status in 2022. The 2025 round funds scaling manufacturing capacity, DAPS expansion for aerospace/defense, team growth, and new product capabilities. Prior funding includes $330M from Hexagon in 2022, $47M debt in 2024, and $22M additional from ex-Hexagon CEO, totaling $816M raised by 2025. |
| Nov 2017 | Series B | Radicle Impact; Alumni Ventures; Horizons Ventures; Hedosophia; Shanghai Alliance; Capgemini Engineering; Drummond Road Capital; O Luxe Holdings | $78M | - | Divergent Technologies develops the Divergent Adaptive Production System (DAPS), a digital manufacturing platform using AI, 3D printing, and automated assembly for automotive, aerospace, and defense sectors, founded around 2013-2014 in California. Later rounds include a $290M Series E in 2025 at $2.3B valuation led by Rochefort Asset Management for scaling manufacturing in aerospace and defense, and a $230M Series D in 2023 led by Hexagon AB. |
| Jan 2017 | Series A | Horizons Ventures (lead); MUUS; Blue Ivy Ventures; Synapse Partners; Capgemini Engineering | $22M | - | Divergent 3D (later known as Divergent Technologies), a Los Angeles-based startup founded in 2014, develops a manufacturing platform using 3D printing to produce lightweight automotive chassis components called Nodes, connected with carbon fiber for stronger, lighter vehicle structures that reduce costs, time-to-market, and environmental impact. The company demonstrated its technology with the Blade supercar, showcased at events like the LA Auto Show and CES. In January 2017, it raised $23 million in a Series A round led by Horizons Ventures, with participation from Altran, to commercialize the platform and expand relationships with automakers, particularly in China. The Series A funding followed partnerships such as a development agreement with Altran and a strategic deal with French automaker PSA. Divergent aimed to enable decentralized car production for pioneering designs at lower costs. Later in 2017, the company closed a Series B round of $65 million (with an option for $40 million more), led by O Luxe Holdings and including Horizons Ventures, Shanghai Alliance Investment, and Altran, to accelerate global commercialization, especially in China's electric vehicle market, and scale its software-hardware solution for automotive and aerospace. The funding focused on proliferating the technology for safer, stronger, eco-friendly vehicles at mass volumes. |
| Dec 2014 | Seed | - | $3M | - | Divergent Technologies, founded in 2014, develops the Divergent Adaptive Production System (DAPS), an end-to-end digital manufacturing platform for rapid design, additive manufacturing, and automated assembly serving aerospace, defense, and automotive sectors. Early customers included luxury automotive OEMs like Aston Martin, Bugatti, and McLaren, with expansion into aerospace and defense in 2022 for clients such as General Atomics, Lockheed Martin, Raytheon, and Triumph Group. |
Who has invested in Divergent?
17 investors have backed Divergent across its funding rounds, including Alumni Ventures, Horizons Ventures, Hedosophia, Hexagon, Capgemini Engineering and Tom Steyer.
Lead investors include Rochefort, Hexagon, Hedosophia, John L. Thornton, Tom Steyer and 1 other investor.
Divergent Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| United States | 3 | Participant | Nov 2017 | |
| John L. Thornton | -- | 2 | Lead | Apr 2022 |
| Tom Steyer | San Francisco, CA | 2 | Lead | Apr 2022 |
 Stockholm | 2 | Lead | Dec 2022 | |
| David Beirne | Aspen, CO | 2 | Participant | Apr 2022 |
 Hong Kong | 2 | Lead | Jan 2017 | |
 London | 2 | Lead | Nov 2017 | |
 Paris | 2 | Participant | Jan 2017 | |
| San Francisco, CA | 1 | Participant | Nov 2017 | |
| United States | 1 | Lead | Sep 2025 | |
| Los Angeles, CA | 1 | Participant | Nov 2023 | |
| New York City, NY | 1 | Participant | Jan 2017 | |
| Boston, MA | 1 | Participant | Jan 2017 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Divergent
Divergent has acquired 1 company to date.
Last acquisition by Divergent was on October 13th 2023. Divergent acquired Sigma Solutions for $2M.
Latest Acquisitions by Divergent
| Description | - |
| HQ Country | |
| HQ City | San Antonio, TX |
| Deal Date | 13 Oct 2023 |
| Valuation | $2M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Divergent acquisitions and their M&A valuation multiples. Start Free Trial | |
Divergent Competitors
Divergent competitors include listed companies like Proto Labs, Autodesk, Imdex and EquipmentShare.com, and private ones like COSMOplat and Greenlabs.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| United States | Publicly listed | $533M | $65M | $2.1B | 3.4x | |
| United States | Publicly listed | $7.2B | $1.8B | $46B | 5.7x | |
 Australia | Publicly listed | $370M | $94M | $1.2B | 3.6x | |
| United States | Publicly listed | $4.4B | $704M | $4.6B | 1.8x | |
 Shanghai | Private | - | - | $1B | - | |
 Seoul | Private | $218M | $145M | $840M | 3.9x |
Divergent Public Comps
Divergent is still privately-owned, but its public comps include Glodon Co, Proto Labs, Harbin Boshi Automation, Inesa Intelligent Tech, KPIT Technologies, Kinpo Electronics, DHC Software, Zwsoft, Imdex and Vitec Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $909M | $141M | 1.8x | 1.8x | 11.4x | 9.8x | |||
| $533M | $65M | 3.6x | 3.4x | 29.6x | 21.3x | |||
| $422M | $106M | 3.5x | 3.5x | 14.0x | 11.4x | |||
| $947M | $41M | 2.9x | 3.0x | 67.3x | - | |||
| $673M | $128M | 2.3x | 2.2x | 11.8x | 11.3x | |||
| $5.1B | $199M | 0.5x | - | 13.7x | - | |||
| $1.9B | $131M | 2.0x | 1.8x | 29.6x | - | |||
| $133M | $12M | 7.4x | 6.9x | 79.9x | 49.1x | |||
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Common questions about Divergent
| When was Divergent founded? | Divergent was founded in 2013. |
| Where is Divergent headquartered? | Divergent is headquartered in Los Angeles, CA, United States. |
| Is Divergent publicly listed? | No, Divergent is a private, VC-backed company. |
| What is Divergent's valuation? | Divergent was last valued at $2.3B in its Series E in September 2025. |
| How much funding has Divergent raised? | Divergent has raised $939M across 8 funding rounds. |
| What was Divergent's last funding round? | Divergent's last funding round was a $250M Series E in September 2025, led by Rochefort. |
| Who are Divergent's investors? | Divergent's investors include Alumni Ventures, John L. Thornton, Tom Steyer, Hexagon, David Beirne, Horizons Ventures, Hedosophia, Capgemini Engineering, Radicle Impact, Rochefort and 7 others. |
| Which companies are comparable to Divergent? | Companies comparable to Divergent include Proto Labs, Autodesk, Imdex, EquipmentShare.com, COSMOplat and Greenlabs. |
| How many companies has Divergent acquired? | Divergent has acquired 1 company, including Sigma Solutions. |
| What was the largest acquisition by Divergent? | The $2M acquisition of Sigma Solutions in October 2023 is the largest acquisition Divergent has made to date. |
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