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3D Metal-Printing Startup Seurat Raises $99M, Plans for IPO, Explores Green Tech Impact on Supply Chains

Nvidia’s venture arm leads the funding round as Seurat Technologies targets potential IPO within next few years, and keeps an ambitious goal to cut 100 million tons of CO2 emissions by 2030 with green energy-powered Area Printing technology.

Overview

  • Seurat Technologies, a 3D metal-printing startup, has raised $99M in a funding round led by Nvidia’s venture capital arm, NVentures, and Capricorn’s Technology Impact Fund, reportedly increasing the company's valuation to around $350 million.
  • The funds will be used to deploy Seurat's Area Printing technology, which eliminates greenhouse gas emissions in parts manufacturing and potentially solves supply chain issues.
  • Seurat's CEO, James DeMuth, has indicated that the company may go public in the next 18 to 36 months.
  • Seurat has an ambitious target to decrease as much as 100 million tons of CO2 by 2030 through its green energy-powered Area Printing technology.
  • Seurat has already secured commitments to supply 59 tons of metal components for Siemens Energy's turbines over a six-year period, and has received letters of intent from six global manufacturers, predicting a total revenue of $750 million from these contracts over several years.