Metal additive manufacturing bureau Sintavia has announced receipt of $15 million in equity financing. The second round of funding was led by private equity firm Neff Capital Management and will be used to expand manufacturing capabilities at Sintavia in 2017 and 2018.
Based in Florida Sintavia is a 3D printing bureau providing metal additive manufacturing solutions. The North American company recently added CT scanning capabilities to test print quality before shipping parts to clients. Earlier this year Sintavia announced capabilities for 3D printing F357 aluminium for aerospace and automotive customers.
3D printing investments
In January, fellow North American bureau Voodoo Manufacturing received $1.5 million in funding for their batch manufacturing business. While Massachusetts startup Desktop Metal, recently raised $45 million with an anticipated launch of their first 3D printer later this year.
Neff Capital Management
Primary investors Neff Capital initially provided Sintavia with $10 million equity funding back in 2015. The funds were used toS develop the company and acquire cutting edge additive manufacturing machinery. According to Sintavia, “No other independent AM company in the world possesses the same in-house capabilities as Sintavia.”
President & COO of Sintavia, Doug Hedges, said,
It has been refreshing to work with an investor that shares our company’s vision of the future — and future potential — of metal AM. At every stage, Neff Capital has ensured that we have the resources we need to grow and develop the company’s operations. We are excited about the future!
Sintavia’s additive manufacturing arsenal
Sintavia has a vast array of additive manufacturing equipment including six high-speed 3D printers, an industrial CT scanner and a full metallurgical laboratory. Brian R. Neff, Managing Partner of Neff Capital Management, explains how Sintavia are advancing as a business,
Customers who have worked with Sintavia appreciate the sheer breadth of in-house capabilities — in particular with respect to proprietary material processes, such as the recent developments in F357 Aluminum. Doug has assembled a great team of professionals committed to not only the success of Sintavia, but also of the entire metal AM industry.
The 3D printing bureau is well placed to advance the use of metal additive manufacturing. Sintavia will look to stay ahead of the latest technology with their recent incorporation of CT scanning and use of F137 aluminium and this investment will allow them to further add to their capabilities.
Featured image shows titanium aerospace blades produced by Sintavia on an SLM 280HL Machine from SLM Solutions. Image via Sintavia.