AMT has raised $15 million in its Collection B financing spherical, bringing its complete quantity raised to $25m.
The post-processing agency attracted new funding from Saint-Gobain Floor Options and 15th Rock Ventures, whereas receiving funds from present traders like Foresight Group, DSM Venturing, Midwest Additive Ventures and NPIF-Mercia Fairness Finance. Earlier waves of funding got here in October 2019 and March 2021.
AMT intends to make use of the funds to facilitate the roll out of the brand new era of its PostPro SF vapour floor ending system, whereas additionally scaling the corporate’s business operations and additional rising its IP portfolio, which at the moment consists of over 40 granted and pending patents.
“Though 3D printing has been round for 20+ years, it’s only now that we’re beginning to see the transition from low quantity prototyping to finish use manufacturing at scale. Our automated 3D printed half ending platform is enabling blue chip firms to fabricate every little thing from crucial medical suppliers to industrial parts,” commented Joseph Crabtree, CEO and founding father of AMT. “We’re proud that every one of our present traders have recognised the progress we’ve made and are persevering with to assist our imaginative and prescient to rework the 3D printing trade. This funding will enable us to commercialise and scale our end-to-end PostPro DMS Platform, for which we now have already taken orders and ship on our imaginative and prescient of utilizing 3D printing as a viable various to conventional manufacturing.”
“We’re wanting ahead to being a strategic accomplice of AMT,” added Laurent Tellier, CEO of Saint-Gobain Floor Options. “This funding is in keeping with our ambition to be the popular supplier of floor ending options for 3D printed parts.”
The TCT Convention @ Formnext is your finest alternative to learn the way AM is impacting the world right this moment, and the way it will develop in future. Purchase your tickets now!
Wish to talk about? Be part of the dialog on the Additive Manufacturing International Group Discord.
Get your FREE print subscription to TCT Journal.