Additive Assurance closes $1.6 million funding round

July 30, 2020

Additive Assurance, Melbourne, Australia, has closed a AU$1.6 million funding round led by intellectual property commercialisation company IP Group Australia. The new funding is expected to support a significant expansion of the company’s team, following its Accelerating Commercialisation project and a successful customer evaluation programme.

Additive Assurance is a spin-out of Australia’s Monash University, specialising in quality assurance for metal Additive Manufacturing. Its unique method of quality assurance for AM is being rolled out across multiple industries, where it reportedly enables manufacturers to ensure the structural integrity of components as they are being made and correct for anomalies when they occur. 

This allows AM to be used in performance-critical fields such as aerospace and medical, drastically reducing the cost of component certification, and enabling manufacturing at the location of need. 

“In this time of COVID-19, the need for robust supply chains has never been more important,” stated Michael Molinari, Managing Director of IP Group Australia. “Additive Assurance has developed a technology that unlocks the potential of metal 3D printing, and we’re excited to be supporting their growth.”

Additive Assurance further announced that it has appointed Jürgen Schneider as a non-executive director. Schneider brings extensive expertise to the board from his previous role as Head of Market Development at Siemens Australia, among several other leadership roles. 

Enabling technologies such as Additive Assurance’s QA solution will allow industry to build sovereign manufacturing capacity,” added Schneider. “I look forward to working with the team to bring their unique product to market.”

The company also announced the recent sale of a pre-production system to the Defence Science and Technology Group within the Australian Department of Defence. “We’re delighted to be working with the DST Group,” commented Marten Jurg, Additive Assurance’s CEO. “DST is pushing the boundaries of advanced manufacturing and we are pleased to be a part of that mission.”

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