- Companies
- Seurat Technologies
Seurat Technologies Valuation, Funding & Investors
Seurat Technologies is valued at $350M as of October 2023.
Last Seurat Technologies valuation
$350M
Series C · Oct 2023
Last Seurat Technologies funding round
$99M
Series C · Oct 2023
Cumulative funding Seurat Technologies raised
$178M
across 5 funding rounds
Key investors in Seurat Technologies
True Ventures
Maniv Mobility
Porsche SE
Capricorn Investment Group
General Motors Ventures
Denso
About Seurat Technologies
Seurat Technologies is a Boston-headquartered developer of Area Printing, a high-speed 3D metal additive manufacturing process originating from Lawrence Livermore National Laboratory. Founded in 2019, it holds over 130 patents and targets mass production of metal parts for aerospace and automotive industries. Seurat's technology achieves micron-level resolution at rates competing with casting, reducing carbon emissions in manufacturing.
Founded
2009
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$350M (Oct 2023)
Seurat Technologies Valuation
Seurat Technologies is currently valued at $350M, based on its Series C in October 2023.
The $99M round was led by Capricorn Investment Group and NVentures, with participation from Porsche SE, Maniv Mobility, Honda Motor, Xerox Venture Capital, Cubit Capital and 4 other investors.
Seurat Technologies valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2023 | Series C | $350M |
Seurat Technologies Funding History
Seurat Technologies has raised a total of $178M across 5 funding rounds.
Seurat Technologies' first fundraising round was a $3M seed round in June 2016. The most recent completed round was a $99M Series C in October 2023.
Seurat Technologies funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2023 | Series C | Capricorn Investment Group (lead); NVentures (lead); Porsche SE; Maniv Mobility; Honda Motor; Xerox Venture Capital; Cubit Capital; SIP Global Partners; True Ventures; Denso; General Motors Ventures | $99M | $350M | Seurat Technologies is a 3D metal printing company developing laser-powered industrial additive manufacturing technology. The company's proprietary Area Printing technology uses custom-built microchips to transform a single laser beam into 2 million individual points of light, enabling faster 3D printing of metal parts than competing systems. The technology was originally developed at Lawrence Livermore National Laboratory for fusion research and is designed to manufacture metal products such as wind turbine components. On October 30, 2023, Seurat announced a $99 million Series C funding round led by NVentures (Nvidia's venture capital arm) and Capricorn's Technology Impact Fund. The round included participation from new investors Honda Motor and Cubit Capital, as well as continued support from previous investors True Ventures, SIP Global Partners, Porsche Automobil Holding SE, Denso Global, General Motors Ventures, Maniv Mobility LP, and Xerox Ventures. This Series C brought Seurat's cumulative funding to approximately $178–181.71 million. Seurat is establishing a network of 3D metal printing factories intended to be located at or near customer facilities. The company deployed its first printer at a pilot factory in the Boston area in 2023 and planned to use Series C proceeds to install additional machines and increase production capacity. Siemens Energy has committed to working with Seurat to print 59 tons of wind turbine components, and the company has secured letters of understanding for potential manufacturing deals valued at approximately $750 million. The company's stated goal is to avoid up to 100 million tons of CO2 emissions by 2030 through renewable energy-powered manufacturing. |
| Jan 2022 | Series B | Porsche SE; Maniv Mobility; Xerox Venture Capital; SIP Global Partners; True Ventures; Capricorn Investment Group | $21M | - | Seurat Technologies, a metal 3D printing startup founded in 2015 by Erik Toomre and James DeMuth, develops Area Printing, a breakthrough additive manufacturing technology aimed at decoupling resolution and speed for high-volume metal part production at competitive costs and with environmental benefits. The company targets sectors like automotive, energy, and aerospace, promising production costs of $300 per kilogram currently, with goals to reach $150 per kilogram by 2025. Prior to the queried round, Seurat raised $3.41M in seed funding in June 2016, $13.5M in Series A in January 2018 led by True Ventures with GM Ventures, Porsche Automobil Holding SE, next47 (Siemens), and Maniv Mobility, and $41M in initial Series B in June 2021 led by Capricorn’s Technology Impact Fund with DENSO, True Ventures, GM Ventures, Porsche, Siemens Energy, and Maniv Mobility, bringing total funding to $57.91M at that point. The specific $21M Series B extension round around January 2022, matching the listed investors Capricorn Investment Group, Maniv Mobility, Porsche Automobil Holding, True Ventures, SIP Global Partners, and new participant Xerox Venture Capital (Xerox Ventures), closed the total Series B to $62M and overall funding to $79M. Funds supported acceleration of production-grade Area Printing systems, team expansion after doubling headcount in 2021, and key hires including CFO Anthony Di Paola, Senior Director of Marketing Joyce Yeung, Director of Market Development John Rushton, and Controller Amy Donahue. CEO James DeMuth emphasized partnerships with major manufacturers for design migration to gain advantages in lead-time, cost, quality, and sustainability. SIP Global Partners and Xerox Ventures highlighted Seurat's potential in advanced manufacturing, supply chain resilience, and eco-friendly mass production. Subsequent developments included a $99M Series C in October 2023 led by NVentures (NVIDIA) and Capricorn, with Honda Motor, Cubit Capital, and prior backers, pushing total raised to $177.91M across six rounds as of latest data. |
| Jun 2021 | Series B | Capricorn Investment Group (lead); Porsche SE; Maniv Mobility; True Ventures; Denso; General Motors Ventures; Siemens Energy | $42M | - | Seurat Technologies, a Wilmington, MA-based startup, develops Area Printing™, a revolutionary metal additive manufacturing technology that uses two million laser points for scalable, cost-effective production of end-use metal parts, aiming to disrupt traditional manufacturing like die-casting. On June 22, 2021, the company closed a $41 million Series B funding round led by Capricorn Investment Group's Technology Impact Fund, with participation from DENSO, True Ventures, GM Ventures, Porsche Automobil Holding SE, Siemens Energy, and Maniv Mobility. This followed a $13.5 million Series A in January 2018 led by True Ventures, bringing total funding at that point to over $54 million. The funds were allocated to accelerate R&D and commercialization of Area Printing, positioning Seurat to enable mass production across industries with potential sustainability benefits through decarbonization and efficient U.S.-based manufacturing. Investors highlighted Seurat's disruptive potential in the additive manufacturing sector, with Capricorn noting its superior management and transformative impact on the manufacturing value chain. CEO James DeMuth compared the technology to the shift from handwriting to the printing press for metal parts. Seurat's backers like Capricorn have supported high-profile firms such as Tesla and SpaceX, underscoring strategic alignment for scaling. The company plans to build factories rather than sell printers, focusing on broad industrial applications. |
| Jan 2018 | Series A | True Ventures (lead); Porsche SE; Maniv Mobility; N47; General Motors Ventures | $14M | - | Seurat Technologies is a Boston-based metal additive manufacturing company founded in 2015, developing proprietary Area Printing technology that uses laser technology to enable industrial-scale production of metal parts. The company's breakthrough technology combines advances in optics and high-power laser systems to dramatically improve the speed and resolution of metal 3D printing compared to conventional approaches. In January 2018, Seurat closed a $13.5 million Series A round led by True Ventures, with participation from prominent strategic investors including General Motors Ventures, Porsche SE, Siemens Power and Gas (through next47), and Maniv Mobility. The funding was intended to accelerate commercialization of the Area Printing technology with initial focus on the automotive, energy, and aerospace sectors. The company's rapid growth continued in subsequent years, with a $41 million Series B in June 2021 led by Capricorn's Technology Impact Fund, and a $99 million Series C in 2024 co-led by Nvidia Ventures and Capricorn, which valued the company at approximately $350 million. |
| Jun 2016 | Seed | True Ventures (lead); Maniv Mobility | $3M | - | Seurat Technologies raised $3.41 million in a seed financing round led by True Ventures in June 2016, with Maniv Mobility as an additional investor. The company develops breakthrough metal additive manufacturing technology originally from Lawrence Livermore National Laboratory, aiming to enable industrial-grade scale production. This seed round preceded a $13.5 million Series A in January 2018 led by True Ventures with investors including GM Ventures, Porsche SE, next47, and Maniv Mobility to accelerate commercialization. |
Who has invested in Seurat Technologies?
13 investors have backed Seurat Technologies across its funding rounds, including True Ventures, Maniv Mobility, Porsche SE, Capricorn Investment Group, General Motors Ventures and Denso.
Lead investors include Capricorn Investment Group, NVentures and True Ventures.
Seurat Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Participant | Jun 2016 | ||
| 5 | Lead | Jun 2016 | ||
| 4 | Participant | Jan 2018 | ||
| 3 | Lead | Jun 2021 | ||
| 3 | Participant | Jan 2018 | ||
| 2 | Participant | Jan 2022 | ||
| 2 | Participant | Jan 2022 | ||
| 2 | Participant | Jun 2021 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Lead | Oct 2023 | ||
| 1 | Participant | Oct 2023 | ||
This data is available for Pro users. Sign up to see all 13 Seurat Technologies investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSeurat Technologies Competitors
Seurat Technologies competitors include listed companies like Nano Dimension and ispace, and private ones like Mighty Buildings, Lightforce Orthodontics, Wellari and Halo Industries.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $102M | ($122M) | $327M | - | ||
| Private | $5M | - | $325M | 65.0x | ||
| Publicly listed | $21M | ($40M) | $391M | 19.6x | ||
| Private | - | - | $400M | - | ||
| Private | - | - | $302M | - | ||
| Private | - | - | $300M | - |
Seurat Technologies Public Comps
Seurat Technologies is still privately-owned, but its public comps include Velo3D, Nano Dimension, ispace, Materialise, Infinitt Healthcare, Norsk Titanium, Titomic, Xaar, 6K Additive and Graphy.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $46M | ($64M) | 6.2x | 4.4x | (4.5x) | (11.8x) | |||
| $102M | ($122M) | - | - | - | - | |||
| $21M | ($40M) | 19.6x | 19.6x | (10.4x) | (5.3x) | |||
| $308M | $32M | 1.2x | 1.1x | 11.2x | 8.7x | |||
| $75M | $27M | 1.1x | - | 3.2x | - | |||
| $3M | ($54M) | 43.8x | 22.9x | (2.8x) | (5.9x) | |||
| $6M | ($14M) | 27.9x | 15.3x | (11.7x) | (12.8x) | |||
| $81M | $1M | 1.8x | 1.6x | 135.3x | 25.6x | |||
This data is available for Pro users. Sign up to see all Seurat Technologies competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Seurat Technologies
| When was Seurat Technologies founded? | Seurat Technologies was founded in 2009. |
| Where is Seurat Technologies headquartered? | Seurat Technologies is headquartered in Wilmington, DE, United States. |
| Is Seurat Technologies publicly listed? | No, Seurat Technologies is a private, VC-backed company. |
| What is Seurat Technologies' valuation? | Seurat Technologies was last valued at $350M in its Series C in October 2023. |
| How much funding has Seurat Technologies raised? | Seurat Technologies has raised $178M across 5 funding rounds. |
| What was Seurat Technologies' last funding round? | Seurat Technologies' last funding round was a $99M Series C in October 2023, led by Capricorn Investment Group and NVentures. |
| Who are Seurat Technologies' investors? | Seurat Technologies' investors include Maniv Mobility, True Ventures, Porsche SE, Capricorn Investment Group, General Motors Ventures, Xerox Venture Capital, SIP Global Partners, Denso, N47, NVentures and 3 others. |
| Which companies are comparable to Seurat Technologies? | Companies comparable to Seurat Technologies include Nano Dimension, Mighty Buildings, ispace, Lightforce Orthodontics, Wellari and Halo Industries. |
See companies similar to Seurat Technologies
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




