AMS 2024

Additive Assurance Closes AU$4.1M for 3D Printing Quality Control

Metal AM Markets
AMR Military

Share this Article

Additive Assurance, a metal 3D printing quality assurance startup, has now raised AU$4.1 million ($2.7 million) in early-stage venture capital funding to establish an additive manufacturing quality assurance center of excellence at its Melbourne, Australia headquarters, as well as expand the team internationally and support further growth initiatives. The round was led by Australian tech investor Significant Capital Ventures (SCV) and supported by industry superfund Hostplus alongside existing shareholders IP Group Australia and Monash Investment Holdings, the venture capital arm of Monash University. With this latest funding round, Additive Assurance has raised AU$5.9 million ($4 million).

Commenting on the latest funding round, SCV CEO Fiona Hindmarsh said the team at Additive Assurance is bringing exceptional technology innovation to market and solving a critical pain point for high-value additive manufacturing.

“In a world where supply chain control and quality is going to become increasingly important, Additive Assurance has the opportunity to be adopted on a global scale, reducing time, cost and waste across the industry value chain,” pointed out Hindmarsh.

A Renishaw AM printer with Additive Assurance’s AMiRIS product. Image courtesy of Additive Assurance.

What started off as a spin-out at Monash University in Melbourne in 2019 has become a startup that commercializes a novel in-situ monitoring tool for metal 3D printing to customers like Volkswagen. Additive Assurance has developed a new method for quality assurance in high-value metal additive manufacturing able to detect, notify, and correct variations in the build process. Better known as AMiRIS, this independent in-situ process monitoring solution for laser powder bed fusion (LPBF) metal AM is based on technology originally developed at Monash University.

AMiRIS allows manufacturers to ensure the structural integrity of components as they are being made and correct any anomalies when they occur. Even more so, this new approach to AM process monitoring enables new avenues in automated fault detection, prediction, and prevention. Based on patent-pending technology, AMiRIS combines a suite of optical sensors to gather micron-level detail and, through machine learning, provide rich insight into the process.

Agnostic to several lasers and capable of detecting a wide range of process instabilities, AMiRIS offers more than simple process monitoring. Adjustable thresholds for tracking, notification, and intervention ensure the highest machine utilization and quality control.

With efficient data streams, the intent is to build the world’s largest cloud-enabled AM process database for machine learning, allowing for significant increases in production yields and, ultimately, part certification.

Originating from research led by doctoral candidate Marten Jurg and materials engineer and Monash University Senior Lecturer Andrey Molotnikov, the machine learning-powered technology solves reproducibility and reliability issues and enables increased adoption of metal 3D printing across several industries, from energy to healthcare, indicates Additive Assurance.

From left to right: Marten Jurg, co-founder and CEO of Additive Assurance and Andrey Molotnikov, co-founder and Chief Scientist of Additive Assurance. Image courtesy of Additive Assurance.

In 2019, Additive Assurance co-founders Jurg and Molotnikov benefitted from the Accelerator program of Monash’s Generator entrepreneurship hub. In addition, they received support from the Monash Enterprise team, including Monash Innovation providing funding from the Monash Research Impact Fund, IP patent protection, and commercial strategy.

Focused on a mission to help unlock the potential of metal additive manufacturing, the startup founders quickly realized its product would be helpful in metal powder bed fusion techniques, like selective laser melting (SLM), direct metal laser sintering (DLMS), and selective laser sintering (SLS), as well as provide an in-situ analysis method that allows for the rapid detection of faults and variations in the additive manufacturing process, enabling multiple industries, including aerospace, medical devices, energy, and defense to take control of their AM builds.

Currently, the startup is working with leading global customers in the aerospace and advanced manufacturing industries to enable the use of 3D printed parts in serial production.

Furthermore, this latest funding round pushes Additive Assurance’s international expansion plan forward. As Jurg stated, this investment “further validates the transformative growth opportunity presented by additive manufacturing, our technological advantage in providing quality assurance, and our continued market momentum.”

Jurg, who is also the CEO of the company, anticipated in a series of posts on social media that Additive Assurance has “big plans for 2023” and encouraged machine learning specialists, software engineers, and others to apply to several of the opportunities currently available at the company’s Australian headquarters.

As part of the funding provided by SCV, the company’s investment manager Grace Dolan will join the board of Additive Assurance, which already has tech investor Ellen Gorissen from IP Group Australia; Monash University alum Jordan Thurgood; former Siemens Australia Head of Market Development Jürgen Schneider; IP Group Australia Managing Director Mike Molinari, and industry expert Roger Price as chairman. and SmarTech Analysis are hosting Additive Manufacturing Strategies in New York City on February 7-9, 2023. Register for the event here to learn from and network with the most exciting companies and individuals in AM.

Share this Article

Recent News

3D Printing to Reach $18.8B in Revenues in 2023

Cracks Emerge in 3D Printed Toilet, Titomic Cold Spray Used in Satellite and Nanoscribe 2GL


3D Design

3D Printed Art

3D Printed Food

3D Printed Guns

You May Also Like

CELLINK Bioprinter Enables Bioprinted Hair Follicles for Skin Regeneration and More

In a landmark achievement, researchers at Rensselaer Polytechnic Institute in New York have successfully 3D-printed hair follicles in lab-grown human skin tissue, marking a significant advancement in the field of...


Iowa Demolishes Its First 3D Printed Home

In May 2023, the city of Muscatine, Iowa embarked on an ambitious plan to construct 3D printed homes. The weekend before Thanksgiving, the first such home was demolished. This project,...


BICO’s Revival: A Fresh Era with Maria Forss at the Helm

Swedish biotech company BICO (STO: BICO) has been making waves in the industry recently. Ever since Maria Forss assumed the role of CEO in November 2023, the company seems to...

3D Printing Webinar and Event Roundup: November 26, 2023

Things are getting busy again in terms of 3D printing webinars and events! This week is the RSNA annual meeting, the World Manufacturing Forum, and more. HP is holding an...