Seurat Technologies
Developing a novel Area Printing technology for high-volume, industrial-scale metal additive manufacturing, designed to be cost-competitive with traditional methods like casting.
- CEO / Founder
- James DeMuth
- Team Size
- 51-200
- Stage
- Active
- Total Funding
- $277M
- Latest Round
- Series C
- Key Investors
- NVentures (NVIDIA's venture capital arm), Capricorn's Technology Impact Fund, Honda Motor, Cubit Capital, True Ventures, SIP Global Partners, Porsche Automobil Holding SE, Denso Global, General Motors Ventures, Maniv Mobility LP, Xerox Ventures
Technology & Products
Key Products
Seurat Technologies develops and utilizes proprietary Area Printing technology for high-volume, industrial-scale metal additive manufacturing. This technology aims to be cost-competitive with traditional manufacturing methods like casting, enabling serial production of metal parts.
Technological Advantage
The technology is designed to be cost-competitive with traditional manufacturing like casting and forging at high volumes. The business model is to provide printed parts as a service, removing the capital expenditure barrier for customers. The process is powered by 100% renewable energy, offering a green manufacturing alternative.
Differentiation
Value Proposition
Providing a scalable, cost-effective, and sustainable solution for mass-producing metal parts, enabling localized manufacturing, reducing reliance on traditional supply chains, and decarbonizing the manufacturing process.
How They Differentiate
Seurat differentiates by focusing on high-volume production and cost-per-part at scale, aiming to replace traditional manufacturing methods rather than just competing with other additive manufacturing technologies. Its business model as a contract manufacturer, rather than an equipment seller, also sets it apart.
Market & Competition
Target Customers
Industrial manufacturers in sectors requiring high-volume metal parts, such as automotive, aerospace, energy, and consumer electronics.
Industry Verticals
["Automotive","Aerospace/Defense","Energy","Industrial"]
Competitors
Freeform, Fabric8Labs, Headmade Materials, 3DEO, Velo3D, Formlabs.
Growth & Milestones
Growth Metrics
Expanding its production factory in Wilmington, MA, to deploy its printing systems. The company aims to produce over 59 tons of metal components for Siemens Energy.
Major Milestones
["Secured a landmark deal with Siemens Energy to manufacture 59 tons of metal components for turbines.","Raised $99M in a Series C funding round in October 2023 to build out its production factories.","Appointed former Blue Origin CEO Bob Smith to its Board of Directors to guide scaling efforts.","Established a factory in Wilmington, MA, powered by 100% renewable energy."]
Notable Customers
Siemens Energy