Arevo, a Santa Clara, California-based provider of 3D printing technology and services, raised $12.5m in Series B funding.
The round was led by Asahi Glass with participation from Sumitomo Corporation of Americas, Leslie Ventures and Khosla Ventures.
The company, which has now raised $19.5m to date, intends to use the capital to accelerate mass commercialization focusing on the full-scale commercialization of its technology across a diverse set of industries such as aerospace, defense, transportation, automotive, consumer electronics, sporting goods, medical, and oil and gas.
Founded in 2013 and led by newly named CEO Jim Miller, Arevo has developed software-controlled technology to enable direct digital additive manufacturing of ultra-strong composite parts for end use applications in high volume.
The technology consists of advanced composite materials, deposition technology, and software to optimize mechanical properties of printed parts.
Arevo offers additive manufacturing services to OEMs worldwide.
FinSMEs
17/05/2018