Essentium, Inc., a provider and innovator of 3D printing solutions for industrial additive manufacturing, has closed $22.2 million in Series A funding. The funding will be used to scale manufacturing, engineering, international distribution, sales and marketing operations to meet market demand for the recently introduced Essentium High Speed Extrusion (HSE) Platform.
The funding was led by BASF Venture Capital with participation from Materialise, Genesis Park, and previous seed round investors. BASF Venture Capital Investment Manager, Sven Thate, will join the Essentium board.
The HSE Platform builds parts to a similar strength, speed, and scale of injection molded parts, filling a need in the automotive aerospace, contract manufacturing, and biomedical industries.
Essentium has operations in College Station, Texas, Orange County, California and Shanghai, China.