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.”