"Essentium, a 3-D printing firm, raised $22 million in a Series A round led by BASF Venture Capital, whose investment manager, Sven Thate, will join its board of directors. Materialise and Genesis Park also invested, as did Essentium's previous seed investors. The funding has been in the works for some time, as College Station, Texas-based Essentium has been working closely with BASF and Materialise to advance its technologies. Essentium developed a High Speed Extrusion (HSE) 3-D printing platform, furthering work on its FlashFuse technology with BASF to enhance the mechanical strength of extrusion-based 3-D printing. Materialise is developing the software."
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