-Divergent Technologies said on Monday it has raised $290 million at a valuation of $2.3 billion, as the additive manufacturing startup scales up to meet growing demand from defense customers.

The funding round includes $250 million in equity and $40 million in debt, led by Rochefort Asset Management. Divergent said the proceeds will accelerate construction of its production facilities.

Divergent designs and builds hardware that essentially enables customers to 3D-print and assemble parts. It serves aerospace, defense and automotive clients, including General Atomics, Lockheed Martin, and Raytheon.

The deal highlights investor appetite for next-generation manufacturing technologies, particularly in aerospace and defense sectors where supply chain disruptions have constrained production

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