AREVO, leader in software-controlled additive manufacturing technology, today announced a new CEO and $12. 5 million Series B financing round to mark the next era of 3D printing and transformation of the design, design, construction and maintenance of manufactured products AREVO’s unique combination of software, robotics and materials gives designers and manufacturers unprecedented freedom to unlock the unparalleled strength, weight and economics of composite materials for a wide range of consumer and industrial products.
New CEO Jim Miller oversaw Amazon’s expansion from books, music and video to full-range performance capabilities as vice president of the supply chain, bringing its meteoric rise to $6 billion in annual revenue and building the foundation for the company that it is today. Later, as Vice President of Global Operations at Google, he led the team that planned, built, deployed and operated the infrastructure that powers Google: search, YouTube, gmail, advertising and cloud companies.
Miller’s appointment coincides with the closing of $12. $5 million in Series B financing led by Asahi Glass, Sumitomo Corporation of Americas, Leslie Ventures and Khosla Ventures The new funding will help the company build on its ground-breaking R&D success and focus on the full-scale commercialization of its technology across a wide range of industries such as aerospace, defense, transport, automotive, consumer electronics, sports goods, medical and oil and gas.
“AREVO is at an exciting turning point in its business right now,” said Jim Miller, CEO of AREVO. “We have the technology, the team and the tools to commercialize our software and manufacturing process to build high strength parts that the manufacturing industry has not been able to conceive and build before. “That’s right.
AREVO has created a new paradigm for manufacturing by combining dynamic software, automation and robotics, and patented materials science to re-imagine how products are created, from ideation to execution. Innovative mass market partners will be able to leverage AREVO’s software and robotic printing process to create and scale lightweight products of superior strength and unlimited size.
In order to demonstrate its software and robotics at work, AREVO has partnered with Studio West to create the world’s first true 3D-printed commuter bike. A re-imagined form factor removed the seat stay between the seat and the back wheel, adding strength and new simplicity.
Comments to the News:
Masatoshi Ueno, AGC Ventures, a corporate venture arm of Asahi Glass, said, “We are thrilled to be part of AREVO’s journey as an investor and marketing partner. Arevo’s technology will allow us to add new business lines to current material solutions. “That’s right.
“AREVO’s approach is a significant leap forward as it is actually 3D printing rather than stacked 2D printing, which is what most of us are used to,” said Vinod Khosla of Khosla Ventures. “AREVO is a company that can finally move 3D printing beyond new applications and into mainstream manufacturing needs with its unique nexus of software, robotics and composite materials. “That’s right.
“We are excited to partner with AREVO, a truly leading 3D printing technology company for carbon fiber parts,” said Tak Niki, Managing Director of Sumitomo Corporation of Americas’ Silicon Valley Office. “We see great opportunities in the future as AREVO’s technology is being leveraged to reduce cycle time and costs across different industries. We look forward to helping to grow their company and to applying their logic to a number of our existing businesses. “That’s right.
Towards AREVO
AREVO, based in Silicon Valley, California, is developing technology to enable direct digital additive manufacturing of ultra-strong composite components for high-volume end-use applications. AREVO’s technology consists of advanced composite materials, deposition technology and software designed to optimize the mechanical properties of printed parts. AREVO provides additive manufacturing services to OEMs worldwide. http://www: Well, arevoinc Com/Com
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