On January 28, 2019, US 3D printing company Essentium raised US $ 22.2 million in Series A funding to continue expanding its 3D printing solutions to meet the market needs of the recently launched Essentium high-speed extrusion platform.
The round was led by BASF Ventures. Other followers include Materialise, Genesis Park and previous seed round investors. BASF's venture capital manager Sven Thate will join Essentium's board of directors. BASF's layout in the 3D printing industry has changed again. Prior to this, BASF also invested in China's 3D printer company Pulisheng.
Essentium sells 3D printers and develops supplies for manufacturing and software programs for processing additive manufacturing methods. The company's new HyperSpeed Extrusion (HSE) platform ($ 75,000) uses Essentium's patented FlashFuse technology, a two-part welding solution that combines nanomaterial technology and hardware technology to harness the power of plasma to Solve the Z-axis strength problem that has plagued FDM printing parts for a long time. Using this technology, you can now fuse layers together inside a printed part. The technology is scalable and can be applied to any type of thermoplastic. The HSE platform provides high print speeds, using Essentium FlashFuse to achieve the strength of injection molded parts, and the ability to heat the nozzle from 20 ° C to 600 ° C in less than 3 seconds, making it a complete solution platform to increase Industrial application of wood manufacturing.
HSE 180 • S Platform Specifications
Print size: 740 x 510 x 650mm (29 x 20 x 25.5in)
Nozzle diameter: 0.4, 0.8, 1.2mm
Nozzle temperature: up to 600 ° C
Heating room temperature:> 110 ° C working temperature; fully enclosed, multi-mode heating chamber
Heating bed temperature:> 200 ° C heating temperature; multi-surface heating bed
Wire diameter: 1.75mm
Led by co-founder and CEO Blake Teipel, Essentium is creating a new generation of industrial 3D manufacturing platforms for the automotive, aerospace, biomedical, contract manufacturing, oil and gas industries. The company intends to use the funds to expand manufacturing, engineering, international distribution, sales and marketing operations.
Essentium has operations in College Station, Texas, Orange County, California, and Shanghai.
"Unlocking the potential of additive manufacturing for our customers is our top priority, and our investment, coupled with our strategic market partnership with Essentium, is driving this strategy," said Sven Thate, investment manager at BASF Venture Capital.
Genesis Park founding partner Paul Hobby said, "Essentium is a great place for us to sponsor local businesses and help fast-growing companies successfully scale to a new level. Texas' emerging technology and innovation ecosystem defines The future of our regional economy. Sustainable efficiency is key to the competitiveness of our traditional energy business, and Essentium offers great possibilities for these industries. "
Blake Teipel, co-founder and CEO of Essentium, said: "Industrial additive manufacturing is mature and ready for transformation. The problem / solution model is clarified through independent research we commissioned by industrial manufacturing executives, 100% of which Respondents stated that there are obstacles to mass production using 3D printing, and 88% of respondents stated that their industry will save billions of dollars in production costs when removing obstacles. Eliminating these obstacles is what Essentium is achieving. "