Foresight Group LLP (Foresight) has made its thirteenth investment from the Foresight Williams Technology EIS Fund into Sheffield-based, Additive Manufacturing Technologies Limited (AMT), a developer of industrial additive manufacturing (3D printing).
The investment is part of a GBP4.2 million round led by DSM Venturing.
AMT was founded in 2017 by Joseph Crabtree, who serves as CEO of the company. It was set up with the aim of developing industrial technologies to enable the deployment of 3D printing for mass production and address the shortcomings of existing post-process technologies. AMT’s first product, PostPro£D, is based on the boundary layer automated smoothing technology (BLAST) process that was initially developed at the University of Sheffield.
AMT will use the investment to accelerate sales and deliver a commercial version of its fully integrated Digital Manufacturing System. The expansion will also allow AMT to better serve prospective customers.
Andrew Bloxam, Senior Investment Manager at Foresight, says: “AMT has been quietly executing at an incredible pace since launching three years ago and is now delivering exceptional products that solve real-world industrial additive manufacturing needs. Joseph and his team are focused on continued product innovation and we believe the best is yet to come for AMT and its customers.”
Matthew Burke, Head of Technology Ventures, Williams Advanced Engineering, says: “Additive manufacturing is a key part of our Formula One and Advanced Engineering operations and we are looking forward to working with AMT to maximise the potential of their post-processing technologies.”
Joseph Crabtree, CEO of AMT, comments: “We are delighted to announce our Series A funding round with DSM Venturing and Foresight Williams Technology EIS Fund. The investment places AMT in pole position to be able to complete the polymer to part ecosystem and unlock industrial additive manufacturing at scale.
“DSM’s materials expertise and application knowledge combined with Williams Advanced Engineering’s Formula One derived engineering provenance, add significant value to AMT and our customer value proposition.
“The investment affirms the unrelenting hard work and commitment AMT has channelled into developing technology solutions for automating the additive manufacturing post-processing chain and we look forward to scaling AMT into the world leader in automated post-processing technology.”
