Amastan Technologies raises $11M, rebrands as Amastan Additive AM Industry
Amastan Technologies, a manufacturer of advanced ceramic, metal and composites materials, has made a couple of big announcements that move it more into the additive sphere. First, the company has successfully raised $11 million in funding through a Series B-2 round led by VC firm Anzu Partners. And second, the Massachusetts-based company has acquired Pennsylvania-based titanium producer AL Solutions, Inc. The new funding will enable Amastan to expand operations in Pittsburgh, combining its own technology with AL Solutions’ titanium process, by building a new facility for manufacturing additive manufacturing metal powders.