BASF Venture Capital is leading the Series A investment round in Texas-based Essentium Inc., a start-up offering innovative industrial additive manufacturing solutions to the automotive, aerospace, wearables and human-interacting markets
Joining BASF as a co-investor is Materialise NV, a Belgium-based software supplier to the additive manufacturing industry. No further financial details have been disclosed.
BASF and Essentium announced a partnership in May, working together on advanced fused filament fabrication (FFF) solutions. Through the partnership, the companies use Essentium's proprietary FlashFuse technology for high mechanical strength in the build direction for extrusion printed parts.