28 June 2016
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.
Brazilian gelcoat and thinner manufacturer Dilutec celebrates 23 years in business this month.
Advanced Engineering 2018, the UK’s annual gathering of OEMs and engineering supply chain professionals, has opened registration for its 10th anniversary show. The first 50 people signing up will be offered a free Ultra High Capacity Power Bank for mobile phones and laptops, to be picked up at the show.
Prodrive Composites reports that it is the first UK carbon composites business to attain full certification against the newly released IATF 16949:2016 automotive standard.