Texas Startup Lands $22 Million to Bring 3D Printing to Dallas, Houston Plants

A College Station company is getting a $22.2 million boost to bring its 3D printing technology into manufacturing plants in Dallas, Houston, Austin and other cities.Essentium Inc., headed by cofounder and CEO Blake Teipel, received the backing from BASF Venture Capital, software company Materialise, private equity firm Genesis Park and previous seed round investors. The money will go to scale up manufacturing, engineering, sales and marketing operations for the company's high-speed extrusion platform.Additive manufacturing -- the name for building 3D objects using layers of material -- has long been hampered by an inability to produce parts to a similar strength, speed and scale of injection molded parts. Essentium built an extrusion device that's both fast and precise. It can be used in a broad range of industries, from automotive and aerospace to biomedical and oil and gas, according to the company.  Continue reading...

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