Buffalo, NY, USA, and Mougins, France, July 12, 2024 — NY Ventures, a program of Empire State Development, has placed their fourth investment in PostProcess Technologies, a leading provider of automated and intelligent post-printing solutions for additive manufacturing. This injection of capital marks a significant milestone in PostProcess Technologies’ Series C funding round.
NY Ventures’ decision to make an additional investment in PostProcess Technologies reflects its commitment to fostering technological innovation and driving economic growth within the state of 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.
Jennifer Tegan, Managing Director, NY Ventures (4th from right) and the PostProcess Team at PostProcess HQ in Buffalo, NY
PostProcess Technologies has distinguished itself as a trailblazer in the additive manufacturing industry, pioneering 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.
PostProcess Technologies plans to use the Series C funding to further enhance its product offerings, expand its market reach, and continue to build the infrastructure to rapidly scale the company. The additional investment from NY Ventures will play a pivotal role in propelling the company towards its strategic objectives and extending its position as the market leader in post-printing automation.
Empire State Development Commissioner Hope Knight said, “We are excited to support the continued growth of Post Process in Buffalo, a company that is helping to advance additive manufacturing into mainstream production. It is companies like Post Process that are helping to reshape the future of Western NY as a hub of innovation. NY Ventures is among one of many programs that ESD has to offer to provide support to innovative companies across the state.”
“We are thrilled with the continued support of NY Ventures as we enter this exciting phase of growth,” said Jeff Mize, CEO of PostProcess Technologies. “This investment underscores the significance of our technology in revolutionizing the additive manufacturing landscape. It will allow us to continue to attract the best & brightest talent and capitalize on new opportunities to drive innovation at an accelerated pace.”
With this investment, NY Ventures is reaffirming 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.