- PostProcess Technologies — an automated and intelligent solutions company for additive manufacturing post-printing — announced it raised $20 million,
PostProcess Technologies — the first and only provider of automated and intelligent solutions for additive manufacturing (AM) post-printing — announced it has raised $20 million in Series B funding led by businessman and philanthropist Tom Golisano.
This round of funding underscores PostProcess’ momentum in automating the post-print stage of 3D printing. And the funding will accelerate the company’s full-stack solution of proprietary software, hardware, and chemistry with a focus on data analytics and machine learning. Plus it significantly increases its global go-to-market activity.
“Our technology has proven mission-critical at over 100 companies and transformed the third step in the additive process. Our relentless pursuit of innovative technology has driven in-roads into every major industry, including automotive, medical, dental, consumer goods, and aerospace,” said Jeff Mize, CEO of PostProcess Technologies. “We’re proud our reputation attracted an exceptional lead partner right here in the Buffalo–Niagara region.”
Golisano is known as the founder of Paychex and is the former owner of the Buffalo Sabres NHL hockey team.
“The PostProcess team has strong technology but also a deep focus on culture, quality, and customers. Having an innovative, software-based company in a cutting-edge industry right here in Western New York is a key indicator of the momentum in the region’s expanding start-up environment. We’re helping PostProcess scale to meet market interest,” added Golisano
PostProcess’ solutions automate additive manufacturing’s most common post-printing processes with a software-based approach, including support, resin, and powder removal, and surface finishing thus resulting in “customer-ready” 3D printed parts. And its technology delivers transformative results in decreased manual labor, reduced cycle time, improved consistency and repeatability, and lower scrap/re-print rates.
“As 3D printing’s growth into Additive Manufacturing expands its impact on business and the world at large, we are committed to providing a sustainable, data-driven solution that enables our customers to realize a fully digitized thread across the industry 4.0 additive workflow,” explained Daniel J. Hutchinson, founder and CTO of PostProcess.
PostProcess is based in Buffalo, New York and it has international operations in Sophia-Antipolis, France.
