Essentium, Inc., a College Station, TX-based provider of 3D printing solutions for industrial additive manufacturing, raised $22.2m in Series A funding.
The round was led by BASF Venture Capital with participation from Materialise, Genesis Park, and previous seed round investors. In conjunction with the funding, BASF Venture Capital Investment Manager, Sven Thate, will join the Essentium board.
The company intends to use the funds to scale manufacturing, engineering, international distribution, sales and marketing operations.
Led by co-founder and CEO Blake Teipel, Essentium is creating a new generation of industrial 3D manufacturing platforms for sectors such as automotive, aerospace, biomedical, contract manufacturing, and oil and gas.
The company has operations in College Station, Texas; Orange County, California; and Shanghai, China.