Arris, a Berkeley, CA-based advanced manufacturer with technology enabling high-performing fiber-reinforced composites at scale, raised $34m in funding.
Backers included ST Engineering, Zebra Technologies, Youngone, Standard Industries, Vertex Exploratory Fund, NEA, XN, Taiwania Capital, Bosch Ventures, Modern Venture Partners (MVP), and Alumni Ventures Group (AVG).
The company intends to use the funds to scale its global operations.
Founded in 2017, Arris has developed a patented advanced manufacturing technology platform that prioritizes specific stiffness and strength in novel ways for footwear, bicycles, portable electronics, automotive, aerospace, and industrial markets. The company created a new manufacturing category called Additive Molding, a first-of-its-kind software, materials, and high-volume production approach to continuous fiber-reinforced thermoplastic composite structures.
Growth actions include continued performance-driven innovation, strategic go-to-market initiatives, and the expansion of ingredient brand partnerships with an emphasis on expanding consumer products (e.g., footwear, bicycles, portable electronics) and aerospace applications.
FinSMEs
30/04/2024