Arevo, a Milpitas, Calif.-based company transforming composites production through digitalization and automation, raised $25m in Series B funding.
The round, which brings total funding to $60m, was led by Defy Partners and GGV Capital with participation from Khosla Ventures, Alabaster, and others. In conjunction with the funding, Defy appointed Brian Shin, an accomplished serial entrepreneur, investor, and Defy Scout, to join Arevo’s Board which includes Hemant Bheda (Co-Founder), Sonny Vu (CEO), and Bruce Armstrong (Khosla).
Led by Hemant Bheda, Co-founder and Chairman, Arevo is a technology company that automates the design and fabrication of large, geometrically complex, continuous CFRP composite products through a suite of innovations in materials science, robotics and design software.
The company has also introduced its newest system, the Aqua 2, a high speed additive manufacturing system for large continuous carbon fiber composite structures. In addition to higher quality, the Aqua 2 enables the rapid, on-demand production of large (up to one cubic meter) custom composite parts.
Customers include companies from consumer, industrial, automotive, heavy industries, construction and aerospace sectors.