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Develops high-speed industrial 3D printers, engineering filaments, and software for additive manufacturing, featuring High Speed Extrusion.
Based in Pflugerville, Texas, Essentium develops high-speed industrial 3D printers, proprietary engineering filaments, and software for additive manufacturing. The company builds scalable solutions combining 3D printing flexibility with traditional production speeds through High Speed Extrusion and flash fuse processes to create stronger, lighter materials. Generating revenue through commercial sales and federal contracts, the enterprise supplies hardware and advanced materials to major industrial, automotive, and defense sector clients like the United States Department of Defense, Lockheed Martin, and Ford. Operating with fewer than 500 employees, the organization reached a combined entity valuation of $974 million during a special purpose acquisition company merger announced in late 2021. Having origins as Authentic Materials in 2012, Essentium was founded in 2013 by Blake Teipel, Brandon Sweeney, Elisa Teipel, Erik Gjovik, Gregory Ojeda, Lars Uffhausen, Ryan Vano, and Terry MacNeish.
Essentium has raised $22.2M across 1 funding round.
Essentium has raised $22.2M in total across 1 funding round.
Essentium has raised $22.2M in total across 1 funding round.
Essentium's investors include Sven Thate, GP Capital Partners, Materialise.
Essentium has raised $22.2M across 1 funding round. Most recently, it raised $22.2M Series A in January 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 24, 2019 | $22.2M Series A | Sven Thate | GP Capital Partners, Materialise |