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AMT raises $5.2 Mn from a Series A funding for PostPro3D technology
The 3D printing market, more prominently known as additive manufacturing market, is among the fastest revenue collecting and expanding markets across the globe. In fact, several 3D printing firms are increasingly receiving funds from investors to further consolidate their presence in this sector.
Recently, Additive Manufacturing Technologies (AMT), a UK based vertically integrated manufacturing and technology development company, reportedly announced that it raised $5.2 million from a Series A investment round, which was led by DSM Venturing, investment division of DSM, a renowned Dutch company operating in the fields of materials, nutrition and health, and Foresight Williams Technology EIS Fund, investment scheme introduced by Foresight Group LLP, a private equity firm.
AMT would use the newly gathered $5.2 million investment to commercialize PostPro3D, the company’s post-processing technology.
CEO of AMT, Joseph Crabtree stated that the company is pleased to announce its Series A investment round. This funding is another vital step in expediting AMT’s vision of delivering an integrated digital manufacturing system which would provide end-to-end solutions ranging from selection of material to part finishing for every industrial end-user production process.
Crabtree further added that the company looks forward to establishing itself as a global leader in automated post-processing technology.
Managing Director of DSM Venturing, Pieter Wolters stated that AMT is transforming the field of 3D printed parts in the discipline of post-processing, thereby empowering additive manufacturing to eventually become a competitive option for industrial-scale manufacturing.
Wolters further added that the company is thrilled about the inclusion of AMT in its investment portfolio of additive manufacturing and further supporting the firm in boosting its growth.
AMT’s Series A funding round follows a grant of £624,000 ($782,000) from the Technology Strategy Board Innovate UK of the UK Government earlier in 2017. Additionally, the firm has earlier raised seed funding from NPIF-Mercia Equity Finance via Mercia Asset Management PLC and Midwest Additive Ventures.
The PostPro3D platform of AMT has been leveraged by several Fortune 500 companies, the Technical University of Munich was the first buyer of the PostPro3DMini model recently.
AMT, for the first time, would present its Digital Manufacturing System at Formnext, Germany in November.
Source credit: https://3dprintingindustry.com/news/additive-manufacturing-technologies-raises-5-2-million-for-3d-printing-post-processing-technology-163740/