Xerox Ventures Announces Investment in Startup Seurat Technologies
Xerox Ventures aims to invest in high-growth companies focused on connected work and green enterprise.
January 19, 2022
Xerox Ventures, the corporate venture capital subsidiary of Xerox Holdings Corporation, invests in advanced manufacturing startup Seurat Technologies, alongside Capricorn and True Ventures, who led the company’s Seed and Series A rounds.
Through its investment in Seurat, Xerox Ventures aims to invest in high-growth companies focused on connected work and green enterprise. Specifically, Seurat’s area printing technology has the potential to enable distributed, resilient and sustainable manufacturing, the company reports.
Focusing on a more distributed, resilient and sustainable future for manufacturing is a broader theme at Xerox, as evidenced by the launch last year of the company’s ElemX 3D liquid metal printer, which reduces manufacturers’ dependency on complex global supply chains by producing metal replacement parts when and where needed. The investment in Seurat represents an opportunity for Xerox and Seurat to accelerate the realization of distributed manufacturing, with Seurat’s technology addressing high volume, mass production parts and the ElemX addressing quick turnaround, cost-effective replacement parts.
“The advanced manufacturing market is poised for tremendous growth over the next several years, and Seurat’s innovative technology, which enables mass production with the touch of a button, positions the company to capture the high-volume metal additive manufacturing market and compete against traditional manufacturing,” says Chris Fisher, managing director of Xerox Ventures.
“Having Xerox Ventures on board is a win-win for the whole team,” says James DeMuth, CEO of Seurat. “Their professionalism and speed were impressive, and having access to the support, global business network and technical expertise of Xerox will be huge on our journey to revolutionize metal advanced manufacturing.”
Learn more about Xerox Ventures and its $250M venture capital fund here.
Sources: Press materials received from the company and additional information gleaned from the company’s website.