Seurat Technologies, a Boston, MA-based developer of industrial metal printers, closed a $13.5m Series A round of funding.
The round was led by True Ventures with participation from GM Ventures, Porsche SE, next47 on behalf of Siemens Power and Gas, and Maniv Mobility.
The company, which previously raised $3.41m in a seed financing led by True Ventures in June 2016, intends to use these funds to accelerate the commercialization of its metal additive manufacturing technology.
Founded in July 2015 by Erik Toomre, CEO, and James DeMuth, CTO, Founded in July 2015 by Erik Toomre, CEO, and James DeMuth, CTO, Seurat Technologies is creating metal printers designed for industrial scalability (such as laser engraving machines), which leverage technology for manufacturers to cost effectively print metal at scale. The company’s approach includes technology originally developed at Lawrence Livermore National Laboratory (LLNL). Seurat has applied for more than 20 patents.