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Seurat Technologies, a 3D metal-printing startup based in Boulder, Colorado, has recently raised $99 million in a Series C funding round, bringing its valuation close to $350 million. The company specializes in Area Printing technology, which aims to bring parts manufacturing closer to customer factories worldwide, potentially reshoring supply chains and reducing emissions.
The funding round was co-led by Nvidia's NVentures and Capricorn's Technology Impact Fund, with participation from new investors Honda Motor and Cubit Capital, as well as existing backers including Porsche and venture capital units of Xerox Holdings and General Motors Co. This significant investment demonstrates strong industry interest in Seurat's innovative approach to metal manufacturing.
Seurat CEO James DeMuth has hinted at the possibility of going public, suggesting that an IPO could be considered within the next 12 to 36 months. However, he emphasized that the earliest timeframe for such a move would be 12-18 months from now. The company plans to use the proceeds from the recent funding round to deploy its production printers.
The startup has already secured commitments to supply 59 tonnes of metal components for Siemens Energy's turbines over a six-year period. Additionally, Seurat has received letters of intent from six customers totaling 4,000 tons of material, potentially setting the company up for $750 million in revenue over several years.
As Seurat continues to grow and attract investment from major industry players, its prospects for a future IPO appear promising. However, the timing and success of any potential public offering will likely depend on market conditions, the company's continued performance, and its ability to meet the increasing demand for its innovative 3D metal-printing technology.
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While Seurat's IPO prospects remain uncertain, investors eager to gain exposure to innovative manufacturing technology companies don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies like Seurat, potentially allowing you to benefit from their growth before they go public. Our platform provides opportunities to invest in emerging industry leaders with lower minimum investments, helping you diversify your portfolio in the exciting field of advanced manufacturing and 3D printing technologies.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
