Bridge Bank's Technology Banking Group closed a $47 million term loan with Divergent Technologies Inc. to support the company’s continued growth.

Torrance, California-based Divergent uses a data-driven approach to design and build vehicle structures with the Divergent Adaptive Production System (DAPS™), the world’s first end-to-end software-hardware production system for industrial digital manufacturing for automotive, aerospace and defense applications.

The new loan builds on Divergent’s existing relationship with Bridge Bank in conjunction with the company’s Series D equity financing round totaling $230 million in November 2023.

“Bridge Bank is proud to be Divergent’s banking partner as it continues to create new frontiers in vehicle design and production,” said Mike Lederman, senior managing director in Bridge Bank’s Technology Banking Group. “We believe in their vision and transformative approach to industrial manufacturing. This loan reflects our team’s ongoing commitment to banking relationships with forward-thinking companies like Divergent.”

Echoing this sentiment, Divergent CEO Kevin Czinger emphasized the positive impact the loan will have on the company’s future.

“This loan adds significant flexibility for Divergent to continue to grow and innovate,” Czinger said. “We appreciate our strong relationship with Bridge Bank and its bankers, who actively demonstrate their understanding and confidence in our vision and capabilities. We are excited to accelerate our development and expand our operations as we continue to lead in our industry.”