Jun 27, 2016
AREVO, the first company addressing 3D printing of composite materials for production applications, announced 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.
Silicon Valley’s Arevo Labs recently won the Autodesk REAL Deal Start Up competition and it offers a suite of carbon fiber and Carbon NanoTube (CNT) reinforced 3D printing filaments; the first-ever intelligent cloud-based AM software for precisely controlling carbon fiber orientation; and, in late 2015, it developed a first-of-its-kind FDM-based 3D printing platform, the Robotic Additive Manufacturing Platform, for 3D printing ultra-strong carbon fiber composite parts. The RAM platform combines a commercially available 6-axis robotic arm, FDM 3D printing technology, and end-effector hardware to 3D print carbon fiber-reinforced filament.
This synergy between proprietary materials, hardware, and software has made Arevo Labs a leader in the field of carbon fiber 3D printing, enabling the production of ultra-strong 3D printed parts for the aerospace, oil and gas, medical, automotive and electronics industries. According to the company, its patent-pending Reinforced Filament Fusion Technology and 3D printers can be adapted to a wide range of applications, while ensuring stronger, lighter, and lower-cost composite parts than any other 3D printing technology.
Additionally AREVO has also introduced cloud-based software optimizing fiber 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. “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.
Posted in 3D Printer Company
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