3D Printing Firm Receives $7 Million In Funding
AREVO has just announced that it has received a $7 million Series A round of funding led by Menlo Park-based venture capital firm Khosla Ventures. Khosla Ventures currently manages more than $1.3 billion of investor capital for startups and early stage companies developing products for internet technology, advanced computing, clean technology and mobile technologies, and is one of the five largest active investors in the commercial space sector.
As part of the investment, venture partner at Khosla Ventures Vijit Sabnis will be joining the AREVO Board of Directors, where he well help guide the young company.
AREVO is primarily known for their line of next-generation 3D printing composite materials, their six-axis 3D printing platform and their cloud-based software that optimizes composite material deposition to maximize durability. The company also recently won the first Autodesk REAL Deal Startup competition, which focuses on the development of technologies that seamlessly combine hardware and software applications to create an ecosystem of converging 3D technologies. It was AREVO’s composite materials that stood out in the competition.
They are up to five times stronger than many titanium-based materials, and the software that helps orientate the materials’ carbon fibers into microscale structures that produce some of the highest strength-to-weight ratio in the industry.