NY Ventures invests $1M in PostProcess Technologies’ Series C funding
July 16, 2024
NY Ventures, a programme of Empire State Development, has placed its fourth investment in PostProcess Technologies Inc, Buffalo, New York. NY Ventures’ decision to make an additional investment in PostProcess Technologies is said to reflect its commitment to fostering technological innovation and driving economic growth within the state of New York.
By supporting companies like PostProcess Technologies, NY Ventures hopes to cultivate a thriving ecosystem of entrepreneurship and industry leadership in advanced manufacturing.
PostProcess Technologies plans to use the Series C funding to enhance its product offerings, expand its market reach, and continue to build the infrastructure to rapidly scale the company. The additional investment from NY Ventures will play a pivotal role in propelling the company towards its strategic objectives.
Empire State Development Commissioner Hope Knight said, “We are excited to support the continued growth of Post Process in Buffalo, a company that is helping to advance Additive Manufacturing into mainstream production. It is companies like Post Process that are helping to reshape the future of Western NY as a hub of innovation. NY Ventures is among one of many programs that ESD has to offer to provide support to innovative companies across the state.”
“We are thrilled with the continued support of NY Ventures as we enter this exciting phase of growth,” added Jeff Mize, CEO of PostProcess Technologies. “This investment underscores the significance of our technology in revolutionising the Additive Manufacturing landscape. It will allow us to continue to attract the best & brightest talent and capitalise on new opportunities to drive innovation at an accelerated pace.”
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