Additive Assurance raises $4.1M as it moves to next growth phase

NewsSoftware
December 8, 2022

December 8, 2022

Additive Assurance co-founders Marten Jurg (L) and Andrey Molotnikov (R) (Courtesy Additive Assurance)
Additive Assurance co-founders Marten Jurg (L) and Andrey Molotnikov (R) (Courtesy Additive Assurance)

Additive Assurance, Melbourne, Australia, has announced the successful completion of a $4.1 million funding round as it pushes forward with its international expansion plan. This new investment is intended to support growth initiatives, including the establishment of an Additive Manufacturing quality assurance centre of excellence at its headquarters, and the expansion of research & development and international business development teams.

The round was led by Significant Capital Ventures (SCV) and supported by Hostplus alongside existing shareholders IP Group Australia and Monash Investment Holdings.

“We are delighted to receive the support of SCV and existing investors to underpin our continued expansion,” stated Marten Jurg, co-founder and CEO of Additive Assurance. “This investment further validates the transformative growth opportunity presented by Additive Manufacturing, our technological advantage in providing quality assurance, and our continued market momentum.”

Additive Assurance is the developer of AMiRIS, a quality assurance solution for of additively manufactured metal parts, 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. The company is currently working with leading global customers in the aerospace and advanced manufacturing industries to better enable the use of AM parts in serial production.

“The team at Additive Assurance is bringing an exceptional technology innovation to market and solving a critical pain point for high-value Additive Manufacturing,” added Fiona Hindmarsh, CEO of SCV. “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.”

Michael Molinari, Managing Director of IP Group Australia, concluded, “Additive Assurance is making great progress on its mission to ensure Additive Manufacturing is accessible to users everywhere. We are proud to continue supporting Marten and the team as they build a world-leading advanced manufacturing business in Australia.”

www.additiveassurance.com

NewsSoftware
December 8, 2022

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