The first week of the New Year continues to be a moment of reflection for companies that define new goals for the upcoming twelve months.
For metal 3D printing company 3DEO, 2021 was one of the most challenging and thrilling years since the beginning of its journey.
The team as a whole expanded by 91% in 2021 to 175 total employees with engineering alone seeing growth numbers upwards of 120% and a total of 33 engineers. 3DEO’s leadership team also expanded significantly with the addition of head of sales, Jim Golden, and head of marketing, Emily Elpes. The aforementioned growth figures set 3DEO in a prime position to facilitate rapid advancements in the coming years.
“Beyond our headcount growth, 3DEO’s technological advantage continues to rise as we have the data and IP to create a powerful flywheel,” said Payman Torabi, 3DEO’s co-founder and CTO. “The possibilities for continued digitization and technology implementation in manufacturing are infinite.”
3DEO has more than 20 patents granted or pending across a wide range of applications including 3D printing, robotics, software and automation.
To accommodate the company’s accelerated growth year over year, 3DEO more than doubled its local facility, spanning 80,000 square feet of manufacturing and office space in Torrance, California. The company currently has 37 printers in production with plans to add 44 additional printers into production in 2022 – nearly one printer per week. The expanded facility has enough space to accommodate 125 printers, making way for continued growth beyond 2022.
3DEO’s Production Manufacturing Milestones
Since its inception, 3DEO has ramped up to achieve uptimes of its printers, approaching an average uptime of 89% in 2021. This uptime has been key to 3DEO becoming the highest volume metal 3D printing company in the world, according to 3dpbm Market Research.
In July 2021, 3DEO announced it had shipped its millionth customer part, queueing up the company to ship 1.3 million parts in total while penetrating new markets like surgical devices, industrial manufacturing and consumer packaged goods.
The average order size across 3DEO’s customer base is 10,000 parts over a nine-month commitment period. In some cases, 3DEO executed shipments of more than 150,000 parts of a single component in 2021, accounting for an increase in average deal size upwards of 90% year over year.
“Shipping parts in these volumes allows 3DEO to compete with traditional manufacturing such as metal injection molding and CNC machining,” said Jim Golden, 3DEO’s Vice President of Sales. “Our customers see how much additional value we can bring to their bottom line, which is the main reason we are growing so quickly.”
The manufacturing and 3D printing industries are starting to take note.
3DEO has won four industry awards, including the LEAP award and three design awards in 2021 alone from Metal Powder Industries Federation.
2022 at a Glance
3DEO expects to triple its growth from 2021.
3DEO expects this tripling of growth to come mostly from its medical and aerospace companies, and the continued global supply chain chaos makes a strong argument for domestic production.
“Our team is stepping up, the printers are performing flawlessly, and we have an incredibly supportive customer base. As we prove our ability to execute and deliver great parts in spec and on time, our customers are expanding more than 10X with us,” said Matt Petros, 3DEO’s co-founder and CEO. “The opportunity is ahead, and we are primed to scale.”
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