Arevo, a specialist in 3D printing of composite materials for production applications, is to receive a $7 million Series A funding round led by venture capital firm Khosla Ventures. Vijit Sabnis from Khosla Ventures will join the Arevo board of directors.
Arevo recently won the Autodesk REAL Deal Start Up competition and has developed 3D printing products such as a multi-axis robotic additive manufacturing platform, composite material with five times the strength of titanium, and cloud-based software which can improve fiber placement in 3D orientations to derive the highest strength-to-weight ratio.
‘We are pleased to continue our momentum with this important investment round led by Khosla Ventures,’ said Hemant Bheda, CEO and Founder of Arevo. ‘Our 3D printing technology and software suites will lead to higher quality parts in the aerospace, medical, and automotive industries. This funding will enable us to meet our near-term product development objectives, which will be announced later this year.’
This story is reprinted from material from Arevo, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
