AMT, a 3D Printing technology company dedicated to solving the challenge of manual finishing of 3D Printed parts, has completed its Series B funding round. The most recent round of funding takes the total funds raised to €21.5 million.
AMT is a UK-based 3D Printing technology company that has developed an automated post-production technology platform to automate legacy additive 1.0 ‘low volume & prototyping’. The company was founded by CEO Joseph Crabtree in 2017 and now employees over 100 people in the UK, Hungary, the USA, and Taiwan.
AMT states the industry is set to scale “10x in the next decade fuelled by the production of end-use parts for real-life applications”. However, whilst these parts are printed ‘digitally’, they are still finished ‘manually’. These currently ‘analogue’ steps can account for up to “60% of the part’s cost, and therefore make 3D Printing unviable at scale”. AMT’s technology addresses these challenges, with PostPro DMS set to deliver production speeds necessary for industrial 3D Printing.
“Although 3D Printing has been around for 20+ years, it is only now that we are starting to see the transition from low volume prototyping to end use manufacturing at scale”, said Joseph Crabtree, CEO and Founder of AMT. “Our automated 3D Printed part finishing platform is enabling blue chip companies to manufacture everything from critical medical suppliers to industrial components.
“We are proud that all of our current investors have recognized the progress we’ve made and are continuing to support our vision to transform the 3D Printing industry. This investment will allow us to commercialise and scale our end-to-end PostPro DMS Platform, for which we have already taken orders, and deliver on our vision of using 3D Printing as a viable alternative to traditional manufacturing”.
The funding will support the rollout of the new generation of a chemical vapour surface finishing system called “PostPro SF”, delivering AMT’s Digital Manufacturing System (PostPro DMS), whilst also scaling the company’s commercial operations. Additionally, AMT will continue to invest in, and protect, the company’s growing IP portfolio, which includes over 40 granted and pending patents.
The financing was led by Foresight Group, investing again from its Foresight Williams Technology Funds, and was joined by new investors, Saint-Gobain Surface Solutions, part of the Saint-Gobain Group (FR), and 15th Rock Ventures (Japan). Existing investors, DSM Venturing, the venture capital arm of Royal DSM, Midwest Additive Ventures, and NPIF –Mercia Equity Finance, also participated.
You can find more information about AMT and its €13m Series B funding round on its website.
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