Elementum 3D Series B funding round expected to grow to $22M

On January 12, 2022, Elementum 3D raised $10.2 million in a Series B funding round via the filing of a Form D with the U.S. Securities and Exchange Commission. The funding round is expected to grow to $22 million in the coming weeks, as the company continues its qualification of A6061-RAM2 and GRCop-42 materials and relative processes for new AM systems.

Elementum 3D is using its new equity financing to streamline operations, introduce new materials, and expand vertically. The funding will further solidify the company’s lead in the development and commercialization of high-performance advanced metals, alloys, composites, and other application-specific materials in the additive manufacturing industry.

“We’ve been basically building data with these customers, where they’ve been basically testing it and trying it and seeing if it works,” Elementum founder and president Jacob Nuechterlein told BizWest. “We’ve had a number of customers who are now moving to production-scale projects. They’re moving from the R&D phase now to a production phase.”

“We’re the ones who are providing really the only aerospace-grade aluminum that’s available,” he added.

Elementum 3D is primarily an advanced materials company specializing in qualifying new materials for various AM processes and systems. For one of these, the A6061-RAM2 aluminum printing material, parameters are now being developed for 3D Systems’ DMP Flex 350 platform. Their Application Innovation Group is supporting customers like NASA Goddard Space Flight Center with parts like this generatively designed bracket printed from A6061-RAM2, known for improved stiffness, print speed, and as-built surface finish compared to AlSi10Mg.

The bracket (see in the image at the top of this article) is intended to support the telescope of a balloon-borne platform called Exoplanet Climate Infrared TElescope (EXCITE), studying exoplanets from Earth’s upper atmosphere.

Another new material, the GRCop-42 copper alloy with its relative printing process, is currently in development for EOS M400-4 printers. Elementum 3D is already working with NASA Marshall Space Flight Center on a Phase III SBIR contract to develop a large format additive manufacturing process for GRCop-42. The scope of the project includes process development on EOS M400-1 printers to optimize print quality and speed, property characterization, and delivery of rocket engine components.

The introduction of new AM capabilities requires both alloy and process development and Elementum 3D is actively working with the AM community to provide printing processes that deliver high-quality parts with highly reliable production.