Velox, a Rosh Ha’Ayin, Israel-based developer of mass production direct-to-shape (DTS) digital printing technology, completed a $32m funding round.
The round was co-led by JAL Ventures and O.R.T. Technologies Ltd., with participation from Altana, Evonik as well as existing investors Michael Ilan Management & Investments Ltd. (MILMI), Dr. Shlomo Shamir, and additional private investors.
Co-founded by Adrian Cofler, COO, and Marian Cofler, CEO, Velox, Velox develops and manufactures industrial-grade direct-to shape digital decoration solutions for the rigid container industry. Its proprietary DTS-Inkjet technology, based on formulated inks and deposition architecture, aims to offer an end-to-end replacement to existing decoration technologies in terms of quality, production speed, and total cost-of-ownership in addition to agility and efficiency.
The company will use the funds to take digital printing from the domain of special-editions-only into the mass packaging decoration mega market.