NY Ventures, a program of Empire State Development, has made its fourth investment in PostProcess Technologies, a leading provider of automated and intelligent post-printing solutions for additive manufacturing. This $1 million capital injection marks a significant milestone in PostProcess Technologies’ Series C funding round.
NY Ventures’ decision to invest further in PostProcess Technologies underscores its commitment to fostering technological innovation and driving economic growth within New York. By supporting forward-thinking companies like PostProcess Technologies, NY Ventures aims to cultivate a thriving ecosystem of entrepreneurship and industry leadership in advanced manufacturing.
PostProcess Technologies has distinguished itself as a pioneer in the additive manufacturing industry, offering cutting-edge solutions that streamline and optimize post-processing for 3D printed parts. Their innovative technology, powered by advanced software and automation, addresses critical challenges in post-processing, including support removal, surface finishing, and resin removal.
Jennifer Tegan, Managing Director of NY Ventures, joined the PostProcess team at their headquarters in Buffalo, NY, highlighting the significance of this partnership.
With the Series C funding, PostProcess Technologies plans to enhance its product offerings, expand its market reach, and build the infrastructure needed to rapidly scale the company. The additional investment from NY Ventures will be pivotal in propelling the company towards its strategic objectives and solidifying its position as a market leader in post-printing automation.
Empire State Development Commissioner Hope Knight commented, “We are excited to support the continued growth of PostProcess in Buffalo, a company advancing additive manufacturing into mainstream production. It is companies like PostProcess that are helping to reshape the future of Western NY as a hub of innovation. NY Ventures is one of many programs that ESD offers to support innovative companies across the state.”
Jeff Mize, CEO of PostProcess Technologies, expressed enthusiasm about the partnership, stating, “We are thrilled with the continued support of NY Ventures as we enter this exciting phase of growth. This investment underscores the significance of our technology in revolutionizing the additive manufacturing landscape. It allows us to continue attracting top talent and capitalizing on new opportunities to drive innovation at an accelerated pace.”
With this investment, NY Ventures reaffirms its dedication to advancing New York’s position as a global hub for entrepreneurship and technology-driven innovation.
About Empire State Development
Empire State Development (ESD) is New York’s chief economic development agency. The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies.
Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing the New York State Regional Economic Development Councils and the marketing of “I LOVE NY,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, please visit www.regionalcouncils.ny.gov and www.esd.ny.gov.
