Additive Assurance,, a Monash University spinoff developing in-process quality assurance for 3D printing, has completed a $4.1 million funding round.
Significant Capital Ventures (SCV), which will gain a seat on AA’s board, led the fundraising, which was supported by Hostplus and existing investors IP Group Australia and Monash Investment Holdings.
The new funds will be used to hire more R&D and business development personnel, as well as to establish a “Additive Manufacturing quality assurance centre of excellence” at the company’s Melbourne headquarters.
Additive Assurance – Quality Assurance for 3D Printing
Additive Assurance is a company based in Australia that creates in-process quality assurance for the 3D printing process. It has put a novel in-situ monitoring tool for metal 3D printing on the market. Machine learning analytics are used by the sensing tool to solve reproducibility and reliability issues, and it provides real-time defect alerts with full process traceability. Metal 3D printing will be more widely adopted as a result of this technology in a variety of industries, including aerospace, defense, energy, and medical devices.
“This investment further validates the transformative growth opportunity presented by additive manufacturing, our technological advantage in providing quality assurance and our continued market momentum.”– Marten Jurg, Co-founder and CEO, Additive Assurance
It refers to its solution as AMiRIS. It employs spectral sensors located outside a machine and looking into its chamber to detect defects as a part is being manufactured. The method is currently used with laser powder bed AM.
In 2020, DSTG became its first customer, and Additive Assurance says it is currently working with international aerospace and advanced manufacturing customers to help move AM into serial production. It announced Volkswagen in Germany as a commercial partner a year ago.
AMiRIS is a replacement for CT scans, which are currently used to check the structural integrity of printed parts.
“In a world where supply chain control and quality is going to become increasingly important, Additive Assurance has the opportunity to be adopted on a global scale, reducing time, cost and waste across the industry value chain.”
Jurg co-founded the company in 2019 with Associate Professor Andrey Molotnikov, his former PhD supervisor at Monash.
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