Le Lézard
Classified in: Mining industry, Science and technology, Business

SIP Global Partners Announces Participation in $21M Raise for Seurat Technologies, a 3D Metal Printing Leader


NEW YORK, Jan. 19, 2022 /PRNewswire-PRWeb/ -- SIP Global Partners announced today its investment in Seurat Technologies, Inc. The US-Japan VC firm participated in the oversubscribed $21M Series B extension round with new and existing investors including Xerox Ventures, Capricorn Investment Group, True Ventures, Porsche Automobil Holding SE, and Maniv Mobility.

Seurat is a provider of scalable metal additive manufacturing technology and components manufacturing. The company's revolutionary 3D metal printing platform allows for high-volume production while dramatically lowering cost and environmental impact.

The company's patented Area Printing platform decouples resolution and speed, allowing gains in lead-time, cost and quality. The technology originated at Lawrence Livermore National Laboratory where James DeMuth, co-founder and CEO of Seurat, was a co-inventor and key developer. The company has over 130 additional patents granted and pending.

"We are exceptionally excited to join Seurat in its mission to reinvent precision manufacturing at scale," stated Jeffrey Smith, General Partner of SIP GP. "We strongly believe that the team, its technology and its industry partners represent a unique opportunity to create a vastly more efficient and sustainable global manufacturing ecosystem."

Seurat's Area Printing process can be powered by 100% renewable energy and allows for greater materials recycling, thereby reducing carbon emissions and resource waste. The technology is expected to significantly decarbonize manufacturing by 2025, with .15GT of carbon emissions expected to be displaced annually.

"SIP's cross-border ecosystem across the US and Asia makes them the ideal venture partner as Seurat gains commercial traction in Asia," states Co-Founder and CEO of Seurat, James DeMuth.

Seurat's commercialization program will launch this year, with LOIs received from leaders in automotive, aerospace, energy and industrial manufacturing. Funding will be used for initial rollout of the commercial program, continued hiring, and development costs for the production-grade system.

About SIP Global Partners

SIP Global Partners invests in transformative US technology startups poised for large scale growth in Asia. SIP leverages its dual-headquarters in the US and Japan, its principals' 40-year history of building global companies and unique market access to accelerate growth for portfolio companies in Asia, including Japan, ASEAN and MENA. For more information, visit sipgp.com.

Media Contact

Melisa Brown, SIP Global Partners, +1 6307431602, [email protected]

 

SOURCE SIP Global Partners


These press releases may also interest you

at 04:33
Under the theme of "Asia and the World: Common Challenges, Shared Responsibilities," the Boao Forum for Asia (BFA) Annual Conference 2024 was held in Hainan, China on March 26th. M&G has been the forum's official stationery supplier since 2005. As...

at 04:29
Gausium's commercial cleaning robots, the Scrubber 50 M series models (50 MR and 50 MD) and the Phantas S1 Pro M, were recently awarded the North American cTUVus certificate by TÜV Rheinland at the China Clean Expo (CCE) in Shanghai. Additionally,...

at 04:28
At the recently concluded 17th KEY Expo in Rimini, Italy, attendees were impressed by Slenergy's innovative products and robust service infrastructure, with European teams of service engineers based in Germany, Spain and Italy. Notably, the company's...

at 04:19
In the news release, SEMIFIVE Starts Mass Production of its 14nm AI Inference SoC Platform based Product, issued 27-Mar-2024 by SEMIFIVE over PR Newswire, we are advised by the company that the sixth paragraph, first sentence, should read "'AI...

at 04:10
Storytel's Annual Report and Sustainability Report 2023 is now published and available as a downloadable PDF document on our website.  FNCA Sweden AB is the Company's Certified Adviser. For more information, please contact:Mattias Frithiof, Head of...

at 04:00
Yukon Group, Europe's leading thermal imaging and night vision company, has launched the world's first upgradable thermal monocular for civilian use. The Pulsar Telos LRF XP50 is set to become an indispensable tool for hunters, explorers and rescuers...



News published on and distributed by: