Seurat Technologies raises $41M in funding round to advance its novel metal AM technology

June 23, 2021

Seurat Technologies has closed a $41M Series B funding round which will be used to accelerate its metal AM technology Area Printing (Courtesy Seurat Technologies)

Additive Manufacturing systems developer Seurat Technologies, Wilmington, Massachusetts, USA, has closed a $41 million Series B funding round led by Capricorn’s Technology Impact Fund. The company will use the funds to accelerate the development and commercialisation of its metal AM technology, Area Printing™.

Seurat’s Area Printing technology is a metal powder based AM process that is differentiated from existing technology in that it focuses over two million points of laser light on a bed of metal powder – each point fully controllable in power and duration – to create production-grade, fully functional components. Area Printing is said to be capable of delivering resolution and quality at the scale needed for mass production of metal components across all industries.

“Seurat is bringing to market a completely revolutionary technology,” stated James DeMuth, CEO and co-founder of Seurat Technologies. “Think evolving from writing a letter to the advent of the printing press, but with lasers printing metal parts. Bringing on new financial and strategic investors at the calibre of Capricorn will greatly aid Seurat in taking the big next step forward towards commercialisation.”

According to Seurat, its Area Printing technology shatters the existing barrier of cost per part. The first system generation will, the company claims, offer a cost reduction of 50% compared to today’s Additive Manufacturing technologies. The unique process, however, reportedly has the potential to decrease cost much further and future Seurat AM Area Printers will target manufacturing costs below conventional die casting processes by the year 2030.

Ion Yadigaroglu, Partner of the Technology Impact Fund and Capricorn Investment Group, commented, “Capricorn invests in fast-growing companies with superior management teams that are fundamentally transforming industries. Seurat is clearly a disruptor in the Additive Manufacturing space, offering a powerful Area Printing technology platform that creates significant value to the entire Manufacturing Sector.”

In addition to Capricorn’s investment, Seurat’s Series B round is also supported by a new investment from leading mobility supplier DENSO, as well as continued support from True Ventures, GM Ventures, Porsche Automobil Holding SE, Siemens Energy, and Maniv Mobility.

www.seuratech.com

In the latest issue of Metal AM magazine

Download PDF
 

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

  • Transforming access to medical implants with PrinterPrezz
  • Lessons from 2021’s Olympic bike crash
  • Xerox liquid metal AM
  • Additive Manufacturing for oil, gas and maritime
  • Multi-material metal parts by Powder Bed Fusion
  • Findings from Wohlers Report 2022
  • The challenge of grain size: X-ray powder diffraction analysis of parts made by metal AM

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

News from the industry…

    News from the industry…

    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

    qweqw

    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
    Download PDF
    Share via
    Copy link
    Powered by Social Snap