3DEO reflects on a record 2021

January 6, 2022

3DEO, Los Angeles, California, USA, has announced that, despite the challenging year, it has set a number of records amid company expansions. The company has also won four industry awards, including the LEAP award and three MPIF design awards in 2021 alone.

The 3DEO team expanded by 91% in 2021 to 175 total employees, with engineering alone seeing growth numbers upwards of 120% and a total of thirty-three engineers. The company’s leadership team also expanded with the addition of Head of Sales, Jim Golden, and Head of Marketing, Emily Elpes.

“Beyond our headcount growth, 3DEO’s technological advantage continues to rise as we have the data and IP to create a powerful flywheel,” stated Payman Torabi, 3DEO’s co-founder and CTO. “The possibilities for continued digitization and technology implementation in manufacturing are infinite.”

3DEO has over twenty patents granted or pending across a range of applications including Additive Manufacturing, robotics, software and automation.

To accommodate the company’s accelerated growth year over year, 3DEO also more than doubled its local facility, spanning 7,432 m2 of manufacturing and office space in Torrance, California. The company currently has thirty-seven AM machines in production with plans to add an additional forty-four into production in 2022 – nearly one machine per week. The expanded facility has enough space to accommodate 125 AM machines, enabling growth beyond 2022.

Since its inception, 3DEO has ramped up to achieve increased uptimes of its machines, approaching an average uptime of 89% in 2021. This uptime is said to have been key to 3DEO becoming one of the highest-volume metal AM companies in the world, according to 3dpbm Market Research.

In July 2021, 3DEO announced it had shipped its millionth customer part, queueing up the company to ship 1.3 million parts in total while penetrating new markets like surgical devices, industrial manufacturing and consumer packaged goods. The average order size across the company’s customer base is 10,000 parts over a nine-month commitment period. In some cases, 3DEO executed shipments of more than 150,000 parts of a single component in 2021, accounting for an increase in average deal size upwards of 90% year over year.

“Shipping parts in these volumes allows 3DEO to compete with traditional manufacturing such as metal injection moulding and CNC machining,” added Jim Golden, 3DEO’s VP of Sales. “Our customers see how much additional value we can bring to their bottom line, which is the main reason we are growing so quickly.”

Matt Sand, 3DEO’s co-founder and president, stated, “We are in an exciting position for continued scale. 3D printing is a tiny fraction of manufacturing overall, which means we basically have unlimited room to run in the coming years. 3DEO’s progress over the last few years has been breathtaking; I can’t wait to see what we accomplish over the next few years.”

3DEO expects to triple its growth from 2021 as 2022 progresses. The company expressed that this tripling of growth is expected to come mostly from its medical and aerospace companies, while the continued global supply chain issues have made an increasingly strong argument for domestic production.

“Our team is stepping up, the printers are performing flawlessly, and we have an incredibly supportive customer base. As we prove our ability to execute and deliver great parts in spec and on time, our customers are expanding more than 10X with us,” concluded Matt Petros, 3DEO’s co-founder and CEO. “The opportunity is ahead, and we are primed to scale.”

www.3deo.co

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • The GRCop story: The development, production and Additive Manufacturing of NASA’s rocket engine alloys
  • Formnext 2023: Innovations in metal Additive Manufacturing from the industry’s leading international exhibition
  • Cybersecurity in Additive Manufacturing: Securing the industry’s future
  • Additive Manufacturing in the jewellery industry: exploring the potential of platinum and titanium
  • Mission possible: The five-year plan to gain FAA and EASA acceptance of in-process monitoring

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap