Xerox Ventures, the corporate venture capital subsidiary of Xerox Holdings Corporation, announced today an investment in advanced manufacturing startup Seurat Technologies, alongside Capricorn and True Ventures, who led the company’s Seed and Series A rounds.
More about the Investment
Through its investment in Seurat, Xerox Ventures is executing on its strategy to invest in high-growth companies focused on connected work, empowered businesses, and green enterprise. Specifically, Seurat’s novel area printing technology, which aims to mass produce parts at cost and scales competitive with traditional manufacturing but without the same rigid and centralized infrastructure that necessitates complex and vulnerable supply chains, has the potential to enable distributed, resilient and sustainable manufacturing.
Focusing on a more distributed, resilient and sustainable future for manufacturing is a broader theme at Xerox, as evidenced by the launch last year of the company’s ElemX 3D liquid metal printer, which reduces manufacturers’ dependency on complex global supply chains by producing reliable metal replacement parts when and where needed. The investment in Seurat represents a synergistic opportunity for Xerox and Seurat to further accelerate the realization of distributed manufacturing, with Seurat’s technology addressing high volume, mass production parts and the ElemX addressing quick turnaround, cost-effective replacement parts.
“Seurat exemplifies the type of game-changing company Xerox Ventures looks to invest in,” said Chris Fisher, managing director of Xerox Ventures. “The advanced manufacturing market is poised for tremendous growth over the next several years, and Seurat’s innovative technology, which enables mass production with the touch of a button, positions the company to capture the high-volume metal additive manufacturing market and compete against traditional manufacturing. Everyone at Xerox is excited to work with Seurat’s world-class team to accelerate bringing their technology to market.”
“Having Xerox Ventures on board is a win-win for the whole team,” said James DeMuth, CEO of Seurat. “Their professionalism and speed were impressive, and having access to the support, global business network and technical expertise of Xerox will be huge on our journey to revolutionize metal advanced manufacturing.”
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