PostProcess Technologies Closes $4 Million Seed Round as Investors Look to Scalable Industrial 3D Printing

Inkbit

Share this Article

It shouldn’t take much convincing for anyone to see how valuable PostProcess’ technology is. Considering the headache involved in removing support materials from 3D printed objects and then smoothing them and making them ready, it’s no surprise that PostProcess Technologies, headquartered in Buffalo, has clients from a wide range of industries today.

It’s also not surprising to see why others would be investing, with PostProcess just finishing a $4 million seed round, to include $1 million from New York Ventures, known as the venture capital investment arm of Empire State Development. Other investors included Rand Capital, Richmond Capital Partners, and well-known angel investors.

Jeff Mize

“We continue to hear from our customers that the post-processing of parts is becoming the bottleneck in their additive operation as prototype volumes grow into the thousands per year and production volumes grow into the thousands per day. Our technology delivers unparalleled consistency, while showing a return on investment that is often less than six months,” said Jeff Mize, PostProcess Technologies’ CEO.

While 3D printing is known for benefits such as lower costs, greater production, and better workflow, with PostProcess’ solutions, users can shave off even more time as they wave goodbye to manual print finishing and spend their time engaged in more valuable activity. As 3D printing technologies look to a future of scalable industrial applications, improvements to post-processing techniques have come into the forefront of activity and focus on process improvements.

“Additive manufacturing is now being implemented in every imaginable market across a wide variety of applications. We were intrigued by the complex challenge of solving the finishing requirements across all 3D printer technologies and materials. We are able to deliver unmatched results for our current and future customers through precision energy management, which we achieve through a combination of proprietary software, chemistry and hardware,” said PostProcess Founder and CTO Daniel Hutchinson

Because Hutchinson was a distinguished member of the US Navy, he is able to claim PostProcess as a veteran-owned small business. This is beneficial for both government and military customers. The company is also set to benefit the local economy in New York state.

.

“New York Ventures’ investments into high-tech companies are a key component of our comprehensive strategy to create jobs and grow the economy in Upstate New York. Western New York is once again being recognized for innovative, emerging manufacturing technologies such as 3-D printing, and we look forward to Post Process’ continued success as the Company seeks to establish itself as a leader in the industrial additive manufacturing industry,” said ESD President, CEO and Commissioner Howard Zemsky.

It should be exciting to see how they put the funds to use overall, with current plans to hire and expand development. Just last year the post-processing equipment manufacturer announced the Hybrid Series, allowing for surface finishing and support material removal all in one system. Last month, the company introduced its second-generation DECI Rectangular, the largest offering in its Surface Finish (SF) series and the only automated SF machine that was designed specifically for additively manufactured parts. Their fully-scalable solutions are meant for industries such as automotive, defense, medical, aerospace, and more. Discuss in the PostProcess Technologies forum at 3DPB.com.

 

Share this Article


Recent News

Digital Supply Chains and 3D Printing Come to Alaska via Ivaldi

US Space Force Awards Launcher $1.7M Contract for 3D Printed Rocket Engines



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

Gilmour Space Unveils 3D Printed Rocket Engine as it Readies for 2022 Launch

Australian rocket company Gilmour Space Technologies is getting one step closer to its first commercial launch in late 2022. The pioneering launch services company known for its orbital-class hybrid rocket...

Sauber Technologies Teams with EOS for Polymer 3D Printing

EOS has signed a three-year deal with Sauber Technologies, the Swiss engineering company that works with the Alfa Romeo F1 Team Orlen, formerly a Sauber sister company. While Sauber does...

EOS President of North America Discusses the Future of Metal Laser 3D Printing

EOS has been the long-established leader in laser sintering, representing the largest installed base in the market. However, as companies new and old attempt to push the segment, particularly in...

Over 200 Ursa Major 3D Printed Engines to Power Phantom Space Rockets

Designing and building rocket engines is the sole purpose of Colorado-based startup Ursa Major, and it’s getting noticed. Propulsion capabilities are crucial to widening our gateway to space, and the...