AMT
AMT
Joseph Crabtree, CEO and Luis Folgar, EVP Americas in AMT's new facility in Austin, Texas.
Additive Manufacturing Technologies (AMT) has raised $5.2 million in a Series A equity round led by DSM Venturing and Foresight Williams Technology EIS Fund.
The funding follows an Innovate UK grant and seed investment from Midwest Additive Ventures and NPIF-Mercia Equity Finance through Mercia Asset Management PLC.
AMT plans to harness this new financial support to accelerate the sales of post-processing hardware portfolio and to commercialise a fully integrated ‘Digital Manufacturing System’. This will see post-processing steps like de-powdering, surface modification and colouring fully automated with the help of digitally connected robotic systems. The company has already brought to market three products based on its Boundary Layer Automated Smoothing Technology (BLAST) process, including the Post-Pro3D machine, PostPro3DColor and PostPro3DMini. Its flagship PostPro3D platform has already been leveraged by a number of Fortune 500 companies, according to AMT, while Technical University of Munich became the first buyer of the PostPro3DMini model last month.
AMT has come to market with these solutions in a bid to help manufacturers streamline their workflows to reduce the cost and time involved with manufacturing and finishing parts. It has welcomed the recent investment of DSM Venturing and Foresight Williams Technology EIS Fund and believes the respective expertise of the industrial companies they are linked to – Royal DSM and Williams Advanced Engineering – will bring ‘significant strategic value’ to AMT as it continues to grow.
“We are delighted to announce our Series A funding round. This investment is another 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,” commented AMT CEO Joseph Crabtree. “We look forward to making AMT the world leader in automated post-processing technology.”
“AMT is revolutionising the world of post-processing of 3D printed parts, thus enabling additive manufacturing to become a competitive alternative for industrial scale production,” added 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.”
AMT is set to showcase its Digital Manufacturing System for the first time at Formnext next month in Hall 12.1, Booth E61.
