Efesto
Develops industrial 3D metal printing and metal composites using Laser Metal Deposition (LMD) technology.
- CEO / Founder
- Ashok Varma
- Team Size
- 11-50
- Stage
- Active
- Key Investors
- Vania Services LLC
Technology & Products
Key Products
Efesto 3D printer
Technological Advantage
Strategic partnership with Sciaky to deploy Electron Beam Additive Manufacturing (EBAM) in the Korean market; expertise in metal composites.
Differentiation
Value Proposition
Enables the production of complex metal and metal composite parts using high-speed Laser Metal Deposition, reducing manufacturing constraints for industrial applications.
How They Differentiate
Focuses on Laser Metal Deposition (LMD) and metal composites, whereas many competitors focus on Powder Bed Fusion or standard wire-feed processes.
Market & Competition
Target Customers
Industrial manufacturers requiring metal and metal composite components.
Industry Verticals
Industrial
Competitors
Sciaky
Growth & Milestones
Growth Metrics
Revenue: On track for >$20M machine bookings in FY2015; global sales pipeline exceeded $100M as of 2015/2016.. Customers: Active projects in >15 countries as of 2015; target industries include aerospace, defense, oil & gas, marine, tooling, mining, and construction.. Production: Focus on large-scale metal 3D printing (DED) with build volumes up to 75 cubic feet; capability for 'mega scale' machines.. 2014: Formed strategic partnership with RPM Innovations to commercialize the RPMI 557 system.; 2015: Secured exclusive reseller agreement with Sciaky Inc. for Electron Beam Additive Manufacturing (EBAM) technology in multiple global regions.; 2015: Reported record sales high, including the sale of the highest-priced state-of-the-art metal 3D printer in the industry.
Major Milestones
2023: Participated in the 12th International Conference on 3D Printing Technologies in India
Notable Customers
Lockheed Martin; Burloak Technologies; FAMAero; Korean Institute of Industrial Technology (KITECH); Polytech University (South Korea); RPM Innovations (RPMI); Sciaky Inc.; ULPower Aero Engines