{"id":68241,"date":"2019-07-29T12:54:32","date_gmt":"2019-07-29T04:54:32","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/essentium-secures-22-2m-for-high-speed-3d-printing-from-basf-and-materialise.3dm"},"modified":"2019-07-29T12:54:32","modified_gmt":"2019-07-29T04:54:32","slug":"essentium-secures-22-2m-for-high-speed-3d-printing-from-basf-and-materialise","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/essentium-secures-22-2m-for-high-speed-3d-printing-from-basf-and-materialise\/","title":{"rendered":"Essentium secures $22.2m for high speed 3D printing from BASF and Materialise"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">61<\/span><span>shares<\/span><\/div>\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">61<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">0<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">0<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>Essentium, Inc., the developer of the High Speed Extrusion (HSE) FDM 3D printing platform, has closed a $22.2 million series A funding round.<\/p>\n<p>Led by BASF Venture Capital, the round featured the participation of award winning 3D software company Materialise, Houston private equity firm Genesis Park, and previous seed round investors.<\/p>\n<p>An important step forward for the company, the investment reinforces Essentium&#8217;s existing relationships with BASF and Materialise that seek to develop HSE materials and introduce an open market model for 3D printing.<\/p>\n<p>Sven Thate, BASF Venture Capital investment manager, comments:<\/p>\n<blockquote>\n<p>&#8220;Unleashing and accelerating the potential of additive manufacturing for our customers is a priority for BASF. Our investment, together with the strategic market partnership BASF has with Essentium, advances this strategy.&#8221;<\/p>\n<\/blockquote>\n<p><b>A supercharged 3D printing process<\/b><\/p>\n<p>Headquartered in College Station, east Texas, Essentium specializes in the development and provision of additive manufacturing materials and processes.<\/p>\n<p>In materials, the company primarily produces filaments for general use in polymer processing and more specifically for the company&#8217;s proprietary FlashFuse technology. In process, the company has two different technologies, the aforementioned FlashFuse, and HSE.<\/p>\n<p>FlashFuse is a method of &#8220;FDM electric welding.&#8221; In this technique, the electric charge of plasma is harnessed to improve 3D printed part strength across the Z axis.<\/p>\n<figure id=\"attachment_147800\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-large wp-image-147800\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/Essentium_FlashFuse_Graph_2_1520x-1024x759.jpg\" alt=\"Illustration of the Essentium FlashFuse process. Image via Essentium \" width=\"1024\" height=\"759\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/Essentium_FlashFuse_Graph_2_1520x-1024x759.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/Essentium_FlashFuse_Graph_2_1520x-770x570.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/Essentium_FlashFuse_Graph_2_1520x-200x148.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/Essentium_FlashFuse_Graph_2_1520x-500x370.jpg 500w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/Essentium_FlashFuse_Graph_2_1520x.jpg 1520w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">Illustration of the Essentium FlashFuse process. Image via Essentium<\/figcaption><\/figure>\n<p>HSE is a platform that contains Essentium&#8217;s proprietary heating unit and nozzle, also known as &#8220;the Hozzle.&#8221; When printing, the HSE Hozzle can adjust to temperatures from 20-600 degrees.<\/p>\n<p>Planned for release later in 2019, Essentium will combine its FlashFuse and HSE technology in a single platform, named the HSE 180\u2022S. The HSE 180\u2022S reports print speeds of up to 10x faster than industrial competition, and can currently be reserved via the company&#8217;s website.<\/p>\n<p><strong>Eliminating the barriers to adoption<\/strong><\/p>\n<p>According to Materialise CTO Bart Van der Schueren, &#8220;Materialise, Essentium and BASF share a vision for growth in the 3D printing industry.&#8221; The partnership between the three companies was confirmed in November 2018, and the shared vision, put simply, is increasing adoption of 3D printing through &#8220;offering users more control, more choice in materials and ultimately lower cost and higher volumes.&#8221;<\/p>\n<p>Speaking in relation to the Series A funding round Blake Teipel, co-founder and CEO of Essentium, comments, &#8220;Industrial additive manufacturing is ripe for transformation. The problem\/solution paradigm is made clear through independent research we commissioned among executives in industrial manufacturing where 100% of respondents reported obstacles in using 3D printing for large scale production, and 88% stated that their industries will save billions of dollars in production costs when the barriers are eliminated,&#8221;<\/p>\n<blockquote>\n<p>&#8220;Eliminating these barriers is what Essentium is delivering on.&#8221;<\/p>\n<\/blockquote>\n<p style=\"text-align: center;\"><iframe src=\"https:\/\/www.youtube.com\/embed\/6HtQuUJKlF0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><em>Is Essentium your  Start-up of the Year? Make your decisions now for the <a href=\"https:\/\/3dprintingindustry.com\/news\/3d-printing-industry-awards-2019-nominations-open-145071\/\">2019 <a href=\"\/service\/3d-printing\"> Industry Awards<\/a>. For more business updates and other news <\/em><em>subscribe to the <a href=\"\/service\/3d-printing\"> Industry <a href=\"https:\/\/3dprintingindustry.com\/newsletter\/\">newsletter<\/a>, follow us on <a href=\"https:\/\/twitter.com\/3dprintindustry\">Twitter<\/a> and like us on <a href=\"https:\/\/www.facebook.com\/3dPrintingIndustry\/\">Facebook<\/a>. For new opportunities in your field j<\/em><em>oin <a href=\"https:\/\/jobs.3dprintingindustry.com\/\"><a href=\"\/service\/3d-printing\"> Jobs<\/a>. <\/em><\/p>\n<p><em>Featured image shows inside the HSE 180\u2022S. Photo via Essentium.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>61shares 61 0 0 Essentium, Inc., the developer of the High Speed Extrusion (HSE) FDM 3D printing platform, has closed a $22.2 million series A funding round. Led by BASF Venture Capital, the round featured the participation of award winning 3D software company Materialise, Houston private equity firm Genesis Park, and previous seed round investors. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182429,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/Essentium_FlashFuse_Graph_2_1520x-1024x759.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173],"class_list":["post-68241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting","tag-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Essentium secures $22.2m for high speed 3D printing from BASF and Materialise - FacFox News<\/title>\n<meta name=\"description\" content=\"61shares6100Essentium, Inc., the developer of the High Speed Extrusion (HSE) FDM 3D printing platform, has closed a $22.2 million series A funding round.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/facfox.com\/news\/essentium-secures-22-2m-for-high-speed-3d-printing-from-basf-and-materialise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Essentium secures $22.2m for high speed 3D printing from BASF and Materialise\" \/>\n<meta property=\"og:description\" content=\"61shares6100Essentium, Inc., the developer of the High Speed Extrusion (HSE) FDM 3D printing platform, has closed a $22.2 million series A funding round.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/facfox.com\/news\/essentium-secures-22-2m-for-high-speed-3d-printing-from-basf-and-materialise\/\" \/>\n<meta property=\"og:site_name\" content=\"FacFox News\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-29T04:54:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/Essentium_FlashFuse_Graph_2_1520x-1024x759.jpg\" \/>\n<meta name=\"author\" content=\"edi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/01\/Essentium_FlashFuse_Graph_2_1520x-1024x759.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"edi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/facfox.com\\\/news\\\/essentium-secures-22-2m-for-high-speed-3d-printing-from-basf-and-materialise\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/facfox.com\\\/news\\\/essentium-secures-22-2m-for-high-speed-3d-printing-from-basf-and-materialise\\\/\"},\"author\":{\"name\":\"edi\",\"@id\":\"https:\\\/\\\/facfox.com\\\/news\\\/#\\\/schema\\\/person\\\/30c6618bf20fcdd6af222ac673dfd857\"},\"headline\":\"Essentium secures $22.2m for high speed 3D printing from BASF and Materialise\",\"datePublished\":\"2019-07-29T04:54:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/facfox.com\\\/news\\\/essentium-secures-22-2m-for-high-speed-3d-printing-from-basf-and-materialise\\\/\"},\"wordCount\":508,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/facfox.com\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/facfox.com\\\/news\\\/essentium-secures-22-2m-for-high-speed-3d-printing-from-basf-and-materialise\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/3dprintingindustry.com\\\/wp-content\\\/uploads\\\/2019\\\/01\\\/Essentium_FlashFuse_Graph_2_1520x-1024x759.jpg\",\"keywords\":[\"3dprint\",\"3dprinting\",\"business\"],\"articleSection\":[\"Aerospace\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/facfox.com\\\/news\\\/essentium-secures-22-2m-for-high-speed-3d-printing-from-basf-and-materialise\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/facfox.com\\\/news\\\/essentium-secures-22-2m-for-high-speed-3d-printing-from-basf-and-materialise\\\/\",\"url\":\"https:\\\/\\\/facfox.com\\\/news\\\/essentium-secures-22-2m-for-high-speed-3d-printing-from-basf-and-materialise\\\/\",\"name\":\"Essentium secures $22.2m for high speed 3D printing from BASF and Materialise - 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