Artec 3D Secures €15 Million EIB Venture Debt to Advance AI-Powered Scanning R&D in Luxembourg and Portugal

Artec 3D Secures €15 Million EIB Venture Debt to Advance AI-Powered Scanning R&D in Luxembourg and Portugal

(IN BRIEF) Artec 3D, a Luxembourg-based developer of portable 3D scanners and software, has secured a €15 million venture debt facility from the European Investment Bank under the InvestEU initiative. The partnership, formalised at the Luxembourg Nexus technology expo, represents the EIB’s first Luxembourg-based venture debt investment. The funding will propel Artec 3D’s R&D in next-generation scanning technologies, AI-enhanced data-processing algorithms, and new product development at its Luxembourg and Portugal facilities. EIB Vice-President Robert de Groot and EC representative Anne Calteux underscored the importance of keeping high-tech innovation and associated jobs within Europe. Artec 3D’s CEO Art Yukhin hailed the deal as recognition of the company’s interdisciplinary expertise and said it will speed development of industry-ready solutions across sectors ranging from aerospace and healthcare to cultural heritage preservation.

(PRESS RELEASE) LUXEMBOURG, 17-Jun-2025 — /EuropaWire/ — Luxembourg’s Artec 3D, a pioneer in next-generation three-dimensional scanning solutions, has secured a €15 million venture debt facility from the European Investment Bank (EIB) to bolster its R&D efforts over the next three years. This marks the EIB’s inaugural venture debt deal in Luxembourg under the European Commission’s InvestEU framework. The funds will accelerate Artec 3D’s work on cutting-edge scanning hardware, AI-driven algorithms, and advanced software for processing 3D data, with research activities centered in both Luxembourg and Portugal.

The financing agreement was formally signed during the Luxembourg Nexus technology exhibition, in the presence of Deputy Prime Minister Xavier Bettel and Anne Calteux, Head of the European Commission’s Representation in Luxembourg. EIB Vice-President Robert de Groot emphasised that by offering venture debt, the EIB helps innovative European companies like Artec 3D scale up without having to seek capital outside the EU. He highlighted the importance of InvestEU and the newly launched TechEU programme in keeping critical technologies—and the jobs they create—within Europe.

Artec 3D’s portable scanners and proprietary software are already transforming sectors such as energy, transportation, aerospace, healthcare, cultural heritage, education, and defence. Unlike traditional fixed or marker-based systems, its devices enable rapid “target-free” capture of objects of any size or complexity, producing high-resolution digital twins with minimal setup.

Art Yukhin, CEO and Co-founder of Artec 3D, noted that the collaboration with the EIB recognises the company’s 18-year track record in AI and computer-vision R&D. He said the financing will accelerate the creation of industry-ready, next-generation solutions, reinforcing Europe’s competitive edge in global technology markets.

Anne Calteux added that the InvestEU backing for Artec 3D will not only drive technological leadership but also foster innovation-driven job growth in Luxembourg and beyond. On the technical front, the loan will underwrite enhancements to Artec 3D’s short-range, high-precision scanners and sophisticated 3D software, supporting applications from bespoke jewellery design to industrial manufacturing and the non-invasive preservation of priceless cultural artifacts.

The European Investment Bank is the long-term lending institution of the European Union, owned by its Member States. It finances investments that contribute to EU policy objectives. EIB projects bolster competitiveness, drive innovation, promote sustainable development, enhance social and territorial cohesion, contribute to peace and security, and support a just and swift transition to climate neutrality. The Group’s AAA rating allows it to borrow at favourable conditions on the global markets, benefiting its clients within the European Union and beyond. The Group has the highest ESG standards and a tier one capital ratio of 32%.

The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable economy. It helps generate additional investments in line with EU policy priorities, such as the European Green Deal, the digital transition and support for small and medium-sized enterprises. InvestEU brings all EU financial instruments together under one roof, making funding for investment projects in Europe simpler, more efficient, and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. The InvestEU Fund is implemented through financial partners who invest in projects using the EU budget guarantee of €26.2 billion. This guarantee increases their risk-bearing capacity, thus mobilising at least €372 billion in additional investment.

Luxembourg-based Artec 3D designs and manufactures high-precision 3D scanners and smart 3D software for fast and accurate data capture. This allows customers to quickly, easily create a 3D model of any real-life object, then reverse engineer, inspect, or reproduce that item on-demand. Artec 3D’s products and services can be used in many industries, such as in Engineering, Medicine, Design, Metrology, CGI, Heritage preservation, security technology, and more.

Media contacts:

Contact
Tim Smit
t.smit@eib.org
+352 4379 – 89076

Press Office

press@eib.org
+352 43791

SOURCE: European Investment Bank