Essentium Inc., a Texas-based 3D printer provider, has announced a series of expansions in response to the growing demand for its High Speed Extrusion (HSE) 3D printing platform. These include scaling up the production of the HSE FDM 3D printer, accelerating material development, and expanding global operations with new leadership appointments.
Essentium credits the market response to its open 3D printing ecosystem, developed in collaboration with multinational chemical company BASF and 3D software developer Materialise.
Essentium had previously worked with BASF to develop materials for the HSE platform, and under the partnership, both firms set towards establishing a global materials supply chain network for HSE as well. Materialise on the other hand joined forces with BASF and Essentium to develop 3D printing software for the HSE 3D printer. Essentium closed a USD 22.2M series A funding round in January 2019, led by BASF Venture Capital and featuring the participation of Materialise.
To support the expansion of its international operations, Essentium has also made a series of appointments. Benoit Valin has joined Essentium as General Manager for the Asia Pacific region.