Hypertherm, a U.S. based manufacturer of industrial cutting systems and software, today announced the formation of Hypertherm Ventures, a new corporate venture capital (CVC) arm, to foster greater interaction with the technology venture community.
Encompassed by a goal of helping advanced manufacturing deliver positive change to the world, Hypertherm Ventures is seeking partnerships with universities, startups, entrepreneurs, and early stage companies to commercialize advanced manufacturing technology in strategic interest areas. Those areas include industrial cutting, welding, and thermal processing; robotics and automation; machine learning and augmented intelligence; industrial Internet of Things; additive manufacturing / 3D printing, and nanotechnology.
“Just as we began 50 years ago with an invention that made plasma cutting commercially viable for the first time ever, we look forward to supporting other entrepreneurs as they work to bring their inventions to life,” said Nathan Pascarella, Hypertherm Ventures’ business development manager. “If you are an entrepreneur or leading an early stage company in advanced manufacturing within our strategic interest areas, Hypertherm Ventures would love to hear more about you and your business.”
Hypertherm believes its experienced leadership team, combined with a wide range of advanced manufacturing process experts proficient in lean, Six-Sigma, and similar methodologies will benefit entrepreneurs and early stage companies. In addition, Hypertherm can support venture partners through its expertise with advanced technology development, engineering, complex supply chain management, global service and distribution networks, as well as a track record of marketing and selling new products.
Hypertherm designs and manufactures industrial cutting products for use in a variety of industries such as shipbuilding, manufacturing, and automotive repair. Its product line includes cutting systems, in addition to CNC motion and height controls, CAM nesting software, robotic software and consumables. Hypertherm systems are trusted for performance and reliability that result in increased productivity and profitability for hundreds of thousands of businesses. The company’s reputation for cutting innovation dates to 1968, with Hypertherm’s invention of water injection plasma cutting. The 100 percent associate owned company has more than 1,400 associates along with operations and partner representation worldwide.
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