# Seurat Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/seurat-technologies

- Industry: Business Support Services
- Headquarters: Wilmington, US
- Website: www.seuratech.com/
- Total disclosed funding: $180M
- Latest round: Series C (Oct 30, 2023)
- Investors on record: 14

## About

Seurat Technologies, Inc., based in the US, specializes in metal additive manufacturing, enhancing capabilities through innovative Area Printing® technology for efficient production of metal parts across various industries.Seurat Technologies, Inc. focuses on advanced metal additive manufacturing solutions, delivering high-resolution components through Area Printing® technology. Founded in 2015 in Wilmington, US, by Erik Toomre and James DeMuth, the company has evolved its business strategy while securing significant funding. As of October 30, 2023, Seurat raised USD 99 mn in Series C funding, bringing its total amount raised to USD 99 mn and its valuation to USD 333.58 mn. The latest funding round was co-led by NVentures and Capricorn Investment Group, with participation from Honda Motor Co., Ltd., Cubit Capital, and previous investors.Seurat Technologies specializes in metal additive manufacturing, with its flagship product being the Area Printing® technology, which significantly enhances the traditional 3D metal printing process. This innovative approach allows for high-resolution net or near-net shape components, promoting greater throughput and expandability compared to conventional methods. Seurat serves a diverse clientele across various industries, including automotive, aerospace, energy, and consumer electronics, focusing on the production of parts that range from small precision items to larger, complex machinery components. By enabling reshoring of high-volume metal manufacturing, the company addresses critical needs in supply chain resilience and sustainability. Seurat's products are primarily marketed and sold in North America and Europe, catering to manufacturers and enterprises that prioritize efficiency, cost-effectiveness, and environmental considerations.Seurat Technologies generates revenue through business-to-business transactions, specifically partnering with manufacturers and other enterprises that require high-volume metal parts. The company operates on a contract manufacturing model, where clients engage Seurat for custom production services based on their specific requirements. These arrangements typically involve fixed contracts for large-scale orders and ongoing partnerships for continuous supply, aligning with client production schedules and demands. The structure may include agreements for varying quantities of parts at negotiated prices, emphasizing flexibility and reliability. Seurat’s Area Printing® technology plays a crucial role in their offerings, positioning the company to meet both immediate and future manufacturing needs for its partners.In October 2023, Seurat Technologies, Inc. raised USD 99 mn in Series C funding, which will be utilized to bring its large-scale metal parts 3D printing technology to market. The funding was co-led by NVentures and Capricorn Investment Group, and aims to support the company's expansion plans into new markets and geographical regions. Seurat intends to enhance its product offerings with upcoming technologies designed for advanced metal manufacturing, although specific release dates have not been announced. This strategic investment aligns with the company's goal of addressing evolving demands in the manufacturing sector.

## Funding rounds

- Series C, Oct 30, 2023, $99M — Capricorn Investment Group, True Ventures, General Motors Ventures, Honda Motor Co., Ltd, Denso, Maniv Mobility, Strategic Incubation Partners, Nventures, Myriad Venture Partners, Porsche Automobil Holding SE, Cubit Capital
- Series B, Jan 19, 2022, $21M — Capricorn Investment Group, True Ventures, Maniv Mobility, Strategic Incubation Partners, Porsche Automobil Holding, Myriad Venture Partners
- Series B, Jun 16, 2021, $43M — Capricorn Investment Group, True Ventures, General Motors Ventures, Denso, Maniv Mobility, Porsche Automobil Holding, Siemens Energy Ventures
- Series A, Jan 17, 2018, $14M — N47, True Ventures, General Motors Ventures, Maniv Mobility, Porsche Automobil Holding
- Seed, Jun 1, 2016, $3.4M — True Ventures

## Investors

- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Seed, Series A, Series B, Series C
- N47 (https://capitalatlas.ai/funds/n47) — Series A
- General Motors Ventures (https://capitalatlas.ai/funds/general-motors-ventures) — Series A, Series B, Series C
- Maniv Mobility (https://capitalatlas.ai/funds/maniv-mobility) — Series A, Series B, Series C
- Porsche Automobil Holding — Series A, Series B
- Capricorn Investment Group (https://capitalatlas.ai/funds/capricorn-investment-group) — Series B, Series C
- Denso — Series B, Series C
- Siemens Energy Ventures (https://capitalatlas.ai/funds/siemens-energy-ventures) — Series B
- Strategic Incubation Partners (https://capitalatlas.ai/funds/strategic-incubation-partners) — Series B, Series C
- Myriad Venture Partners (https://capitalatlas.ai/funds/myriad-venture-partners) — Series B, Series C
- Honda Motor Co., Ltd — Series C
- Nventures — Series C
- Porsche Automobil Holding SE — Series C
- Cubit Capital (https://capitalatlas.ai/funds/cubit-capital) — Series C