Metal 3D Printing Service Sintavia Raises $15M in Equity Financing
Sintavia, LLC, a specialist metal additive manufacturing service, closed a $15 million round of equity financing from its primary investor, Neff Capital Management LLC. The follow-on investment is in addition to an original $10mm of equity financing by Neff Capital which was announced in July 2015. It is expected that the new investment will be used for additional manufacturing capacity and facility expansion in 2017 and 2018.
“Over the past two years, Sintavia has grown into a leader in the provision of critical metal AM components. Customers who have worked with Sintavia appreciate the sheer breadth of in-house capabilities — in particular with respect to proprietary material processes, such as the recent developments in F357 Aluminum. Doug has assembled a great team of professionals committed to not only the success of the company, but also of the entire metal AM industry.” Brian R. Neff, Managing Partner of Neff Capital Management.
Established in 2012, Sintavia provides a complete suite of metal AM solutions to OEMs in precision industries worldwide. In particular, the company has built a customer base within the Aerospace & Defense, Oil & Natural Gas, Industrial Turbine, and Automotive industries.
“It has been refreshing to work with an investor that shares our company’s vision of the future — and future potential — of metal AM. At every stage, Neff Capital has ensured that we have the resources we need to grow and develop the company’s operations. We are excited about the future!” Doug Hedges, President & COO of Sintavia.
Sintavia is a global leader for independent metal AM for critical industries, including Aerospace & Defense, Oil & Natural Gas, Automotive, and Ground Power Generation. With high-speed printers co-located alongside precision post processing equipment, a full complement of mechanical testing equipment, and a full metallurgical and powder laboratory, the company is able to optimize parameters, serially manufacture, and audit quality parts for critical industries. Sintavia is committed to the highest quality standards in the industry, and holds AS9100, ISO17025, and ANAB accreditation, as well as being OASIS and ITAR registered.