PostProcess Technologies a Buffalo, NY, based provider of automated post-printing solutions for industrial 3D printing, is expanding its European Channel Partner network with the addition of two distributors. CYLAOS, a French-based engineering company specialized in 3D printing industrial deployment, will cover the French market. In the Nordics region, KMC will serve PostProcess’ customer base as a specialist in surface treatment solutions.
The company is further increasing its EU footprint through the investment in a new FINISH3D Benchmarking Lab supported by a substantial financial grant from the Région Sud Provence-Alpes-Côte d’Azur authorities.
“Our automated solutions have proven mission-critical at over 100 companies and transformed the third step in the additive process,” said Jeff Mize, CEO at PostProcess Technologies. “The global demand continues to increase, and we are pleased with the rapid expansion of our team, channel partners, and customer base in the EU.” Founder and CTO Daniel Hutchinson added, “as 3D printing’s growth into Additive Manufacturing expands its impact on business and the world at large, we are committed to providing a sustainable, data-driven solution that enables our customers to realize a fully digitized thread across the industry 4.0 additive workflow.”
The new push for European expansion is supported by the closing of a new $20M Series B funding round. The round was led by Grand Oaks Capital, an investment firm founded by Tom Golisano, founder of Paychex Inc. and former owner of the Buffalo Sabres NHL hockey team. This additional funding will also accelerate the company’s full-stack solution of proprietary software, hardware, and chemistry with a focus on data analytics and machine learning and significantly increase its global go-to-market activity.
“We made the decision to set up our offices and lab in Sophia-Antipolis to capitalize on the capacity of the area to attract international talent with strong technological expertise that can serve the development of our operations,” said Bruno Bourguet, Managing Director of PostProcess Technologies International. “The area is also well-fitted to receive our global customers for demonstrations and training sessions, providing easy access through its international airport. We are very honored that the Région Provence-Alpes-Côte d’Azur authorities have selected our expansion project in their support program, as this will help accelerate our plans and solidify our presence in the territory. As demand for our automated and intelligent post-print solutions rapidly expands across markets and geographies, we’re excited to bring highly experienced and reputable partners like CYLAOS and KMC on board,” added Bourguet.