AMT, a 3D printing technology company dedicated to solving the challenge of hand finishing 3D printed parts, has completed its Series B funding round, bringing total funds raised to $25m (£18). The new funding will be used to continue work to advance its post-production hardware platform.
The financing was led by Foresight Group, which again invested from its Foresight Williams Technology Fundsand was joined by new investors, Saint-Gobain Surface Solutionsa subsidiary of the Saint-Gobain Group (FR), and 15and Rock Ventures (Japan). Existing investors DSM Venturing, the venture capital arm of Royal DSM, Midwest Additive Ventures and NPIF –Mercia Equity Finance also participated.
The funding will support the deployment of the next generation of the world’s number one chemical vapor surface finishing system called PostPro SF, providing AMT’s digital manufacturing system (PostPro DMS), while scaling the company’s business operations. business. In addition, AMT will continue to invest in and protect the company’s growing intellectual property portfolio, which includes more than 40 granted and pending patents.
Post-production hardware platform
Although the industry is expected to grow 10-fold over the next decade, fueled by the production of end-use parts for real-world applications, these parts are “digitally” printed, but are still “hand-finished”. These currently “analog” steps can represent up to 60% of the cost of the part, and therefore make 3D printing unviable on a large scale. AMT’s technology directly addresses these challenges, with PostPro DMS configured to deliver the production speeds needed for industrial 3D printing.
“While 3D printing has been around for over 20 years, it’s only now that we’re starting to see the transition from low-volume prototyping to large-scale manufacturing. Our automated 3D printed part finishing platform enables blue-chip companies to manufacture everything from critical medical suppliers to industrial components.
– Joseph Crabtree, CEO and Founder of AMT
Joseph Crabtree added, “We are proud that all of our current investors have recognized the progress we have made and continue to support our vision to transform the 3D printing industry. This investment will allow us to commercialize and scale our end-to-end DMS PostPro platform, for which we have already taken orders, and realize our vision of using 3D printing as a viable alternative to traditional manufacturing. .
New investors and strategic partners Saint Gobain declared: “We are delighted to be a strategic partner of AMT. This investment is part of our ambition to be the preferred supplier of surface finishing solutions for 3D printed components,” said Laurent Tellier, CEO of Saint-Gobain Surface Solutions.
“Automated post-production is becoming crucial to enable industrial-scale 3D printing. This is a trend that is accelerating and AMT has developed advanced technology in this area. With that in mind, we are excited to continue supporting AMT as it seeks to evolve and expand into new markets.
– Andrew Bloxam, Director at Foresight
New Investors 15and rock commented, “We couldn’t have asked for a better opportunity in the booming 3D printing industry. We are delighted to have had the opportunity to invest in AMT and become a collaborative partner to help AMT’s business grow in Japan and the APAC region.
AMT’s post-production hardware platform underpins the world’s largest 3D print manufacturing operations with systems deployed in 25 countries at more than 150 locations. To date, over 6 million parts have been post-produced with AMT’s technology.
AMT will exhibit its post-production hardware platform at Formnext in Frankfurt between 16and-19and November 2021.
About AMT: AMT is a 3D printing technology company dedicated to unlocking 3D printing as a viable alternative to traditional manufacturing. AMT was founded by CEO Joseph Crabtree in 2017, after a decade of experience in traditional manufacturing industries, and now employs over 100 people in the UK, Hungary, USA and Taiwan.
About Saint-Gobain Surface Solutions: Saint-Gobain Surface Solutions, part of the Saint-Gobain Group, is a global company that creates surface solutions for a better world through its product offering including abrasives, adhesives, sealants, tapes, composites and movies.
About 15and Rock Ventures: 15th Rock Ventures is a venture capital firm that invests in human augmentation and information technology with the goal of creating a successful society for the next 100 years.
About Foresight William Technology Fund: Foresight Group (“Foresight”) and Williams Advanced Engineering began their investment collaboration in 2016 with the launch of the Foresight Williams Technology EIS and VCT fund.
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