PostProcess Technologies Inc., the first and only provider of automated and intelligent post-printing solutions for industrial 3D printing, released today a series of announcements related to its strategic expansion plans, including a $20M Series B funding round.
The round is led by Grand Oaks Capital, an investment firm founded by legendary businessman and philanthropist Tom Golisano, the founder of Paychex Inc. and former owner of the Buffalo Sabres NHL hockey team. This additional funding will accelerate the company’s full-stack solution of proprietary software, hardware, and chemistry with a focus on data analytics and machine learning and significantly increase its global go-to-market activity.
Additionally, the company released the following two announcements related to the expansion of its European presence, coming just one year after its initial EU launch:
PostProcess will increase its EU footprint through the investment in a new FINISH3D Benchmarking Lab supported by a substantial financial grant from the Région Sud Provence-Alpes-Côte d’Azur authorities. This technology demonstration and customer support facility will host benchmark test solutions as well as a training center for European customers, replicating its successful demonstration, benchmarking, and training center in its Buffalo, NY, USA headquarters.
“We made the decision to set up our offices and lab in Sophia-Antipolis to capitalize on the capacity of the area to attract international talent with strong technological expertise that can serve the development of our operations,” said Bruno Bourguet, Managing Director of PostProcess Technologies International.
“The area is also well-fitted to receive our global customers for demonstrations and training sessions, providing easy access through its international airport. We are very honored that the Région Provence-Alpes-Côte d’Azu r authorities have selected our expansion project in their support program, as this will help accelerate our plans and solidify our presence in the territory.”
PostProcess announced the expansion of its European Channel Partner network with the addition of two leading distributors. CYLAOS, a French-based engineering company specialized in 3D printing industrial deployment, will cover the French market with PostProcess solutions.
In the Nordics region, KMC will serve PostProcess’ customer base as a specialist in surface treatment solutions. “As demand for our automated and intelligent post-print solutions rapidly expands across markets and geographies, we’re excited to bring highly experienced and reputable partners like CYLAOS and KMC on board,” commented Bourguet.
Jeff Mize, CEO at PostProcess Technologies, stated, “our automated solutions have proven mission-critical at over 100 companies and transformed the third step in the additive process. The global demand continues to increase, and we are pleased with the rapid expansion of our team, channel partners, and customer base in the EU.”
Founder and CTO Daniel Hutchinson added, “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.”