AMT Announces $ 15 Million Series B Funding to Fund Further Work on Its New AM Post-Production Hardware Platform


AMT Management Team – Top LR: Luis Folgar (EVP Americas) and Joseph Crabtree (CEO and Founder). Bottom LR: Manish Dev (CFO / COO) and Viktor Pap-Kovacs (CTO) [Source: AMT]

After doubling revenue in 2020, AMT sees continued growth as it prepares to begin deliveries of its end-to-end post-production platform for 3D printed parts.

SHEFFIELD, UK, Oct. 28, 2021 /EINPresswire.com/ – AMT, a 3D printing technology company dedicated to solving the challenge of manually finishing 3D printed parts, has completed its round of series financing B, bringing the total funds raised to $ 25 (£ 18) million.

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, which is 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.

The funding will support the deployment of the next generation of the world’s number one vapor phase surface finishing system called PostPro SF, providing AMT’s digital manufacturing system (PostPro DMS), while expanding the company’s business operations. . In addition, AMT will continue to invest in and protect the company’s growing intellectual property portfolio, which includes more than 40 issued and pending patents.

Although the industry is set to grow 10-fold over the next decade, fueled by the production of end-use parts for real-world applications, these parts are printed ‘digitally’, but are still finished. manually ”. These currently “analog” steps can represent up to 60% of the cost of the part and therefore make 3D printing unsustainable on a large scale. AMT’s technology addresses these challenges directly, with PostPro DMS configured to deliver the production speeds needed for industrial 3D printing.

“Although 3D printing has been around for over 20 years, it’s only now that we are starting to see the transition from low-volume prototyping to large-scale manufacturing. Our automated 3D printed part finishing platform enables leading companies to manufacture everything from critical medical suppliers to industrial components, ”said Joseph Crabtree, CEO and Founder of AMT.

“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 market and scale our end-to-end DMS PostPro platform, for which we have already taken orders, and to realize our vision of using 3D printing as a viable alternative to traditional manufacturing. .

New Investors and Strategic Partners Saint Gobain said: “We look forward to being a strategic partner of AMT. This investment is in line with 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 3D printing on an industrial scale,” commented Andrew Bloxam, Director of Foresight. “This is a trend that we are seeing accelerating and AMT has developed cutting edge technology in this area. With that in mind, we are delighted to continue to support AMT as it seeks to evolve and expand into new markets. “

New Investors 15th 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 technology platform underpins the world’s largest 3D printing 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 technology.

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, following ten years of experience in traditional manufacturing industries, and now employs over 100 people in the UK, Hungary, US and Taiwan.

AMT has developed an automated post-production technology platform called PostPro. PostPro automates the manual and expensive steps associated with Additive 1.0 “low volume and prototyping” post-processing and enables functional production of “high volume end-use parts” from 3D printers. PostPro offers an order of magnitude improvement in cost, quality, safety and throughput in the manufacture of 3D printed parts

AMT will exhibit its technology at Formnext in Frankfurt from November 16 to 19, 2021. – https://formnext.mesago.com/frankfurt/en.html

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Alyssa welch
Additive Manufacturing Technologies – AMT
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