Looking for our consultancy, conferencing, training or innovation services? Visit netcompositesenterprise.com

NetComposites Now
Airtech

AREVO Launch $7M Series A Funding Round

28 June 2016

AREVO has launched a $7M Series A funding round led by Khosla Ventures, coincident with the investment, Vijit Sabnis from Khosla Ventures will join the AREVO Board of Directors.

AREVO explains that it recently won the Autodesk REAL Deal Start Up competition and has introduced 3D printing industry innovations such as a first-of-its-kind multi-axis robotic additive manufacturing platform, composite material with five times the strength of titanium, and cloud-based software optimising fibre placement in true 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.”

“We at Khosla Ventures have been impressed by Hemant’s team and the vision put forth by AREVO, which we feel offers disruptive technology to 3D print production parts with unique characteristics, achieving a performance that cannot be matched using any conventional method or other additive manufacturing technique,” said Vinod Khosla, the Founder of Khosla Ventures.








comments powered by Disqus

Related / You might like...

Intertronics Offers Technology and Training to Enhance Productivity

Intertronics is offering process innovation and training to its customers to enhance their productivity and ability to compete in both home and export markets.

SCIGRIP Achieves ISO 9001:2015 Certification

SCIGRIP has achieved the ISO 9001:2015 quality management system.

Waterjet Machine Brings Fast Return on Investment

A waterjet cutting machine from Water Jet Sweden has delivered efficiency and savings, and a fast return on investment, for automation specialist Concept Sweden.