Sintavia LLC, a key figure in metal Additive Manufacturing (AM), has announced the closure of a $15 million round of equity financing from its primary investor, Neff Capital Management LLC. This follow-on investment is in addition to an original $10 million of equity financing by Neff Capital announced in July 2015. It is expected that the new investment will be used to increase manufacturing capacity and for facility expansions in 2017 and 2018.
Established in 2012, Sintavia is a global leader in independent metal AM for critical industries, providing a complete suite of metal AM solutions to OEMs in precision industries worldwide. In particular, the company has built a customer base within the aerospace and defense, oil and natural gas, industrial turbine and automotive industries.
With high-speed printers co-located alongside precision post-processing equipment, a full complement of mechanical testing equipment, and a full metallurgical and powder laboratory, Sintavia is able to optimise parameters, serially manufacture and audit quality parts for critical industries.
“Over the past two years, Sintavia has grown into a leader in the provision of critical metal AM components,” stated Brian R. Neff, Managing Partner of Neff Capital Management. “Customers who have worked with Sintavia appreciate the sheer breadth of in-house capabilities— in particular with respect to proprietary material processes, such as the recent developments in F357 Aluminium.”
“Over the past two years, Sintavia has grown into a leader in the provision of critical metal AM components,”
Doug Hedges, President and COO of Sintavia, stated, “It has been refreshing to work with an investor that shares our company’s vision of the future— and future potential— of metal AM. At every stage, Neff Capital has ensured that we have the resources we need to grow and develop the company’s operations. We are excited about the future!”
Sintavia holds AS9100, ISO17025, and ANAB accreditation, as well as being OASIS and ITAR registered.