Additive Manufacturing Technologies Ltd (AMT), a specialist in post-processing technologies for 3D printed parts, this week completed a $5.2 million Series A funding round that will enable it to accelerate its goal of realizing a fully integrated, end-to-end digital manufacturing system. The investment round was led by DSM Venturing (which recently also invested in Voxel8) and Foresight Williams Technology EIS Fund.
“We are delighted to announce our Series A funding round,” said Joseph Crabtree, CEO of AMT. “This investment is another important step in accelerating AMT’s vision of an integrated digital manufacturing system that will deliver end-to-end solutions from material selection to part finishing for any industrial end user manufacturing process. We look forward to making AMT the world leader in automated post processing technology.”
AMT officially launched its PostPro3D finishing machine in September 2018, offering a contained post-processing solution for 3D printed parts made from elastomeric or nylon materials. This spring, the UK-based company followed up on its flagship product with the release of two new systems, the PostPro3DColor and PostPro3DMini.
To date, AMT’s finishing solutions for polymer 3D printing have reportedly been adopted by several Fortune 500 companies from around the world to improve and streamline the AM process. As the company highlights, up to 60% of the manufacturing costs associated with 3D printing are directly related to post-processing, which typically requires intensive manual work. By automating post-processing, AMT aims to push the industrial potential of AM.
“AMT is revolutionizing the the world of post processing of 3D printed parts, thus enabling additive manufacturing to become a competitive alternative for industrial scale production,” said Pieter Wolters, Managing Director of DSM Venturing. “We are excited about including AMT in our additive manufacturing investment portfolio and supporting the company in accelerating its growth.”
DSM Venturing, the investment arm of materials giant DSM, has made a strategic move with its investment in AMT, as the latter can benefit from the Dutch multinational’s deep knowledge of materials (including 3D printing materials). Foresight Williams Technology EIS Fund, a collaboration between Foresight Group LLP and the venture arm of Williams Advanced Engineering, will also offer AMT valuable knowledge in engineering applications and Formula One.
Matthew Burke, Head of Technology Ventures at Williams Advanced Engineering, said: “Additive manufacturing is a key part of our Formula One and Advanced Engineering operations and we are looking forward to working with AMT to maximize the potential of their post processing technologies.”