According to Essentium co-founder and CEO Blake Teipel, “Industrial additive manufacturing is ripe for transformation. The problem/solution paradigm is made clear through independent research we commissioned among executives in industrial manufacturing where 100 percent of respondents reported obstacles in using 3D printing for large scale production, and 88% stated that their industries will save billions of dollars in production costs when the barriers are eliminated. Eliminating these barriers is what Essentium is delivering on. The developer of the High Speed Extrusion (HSE) FDM 3D printing platform, has closed a $22.2 million series A funding round. Led by BASF Venture Capital, the round featured the participation of award-winning 3D software company Materialise, Houston private equity firm Genesis Park, and previous seed round investors”.
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