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Arevo announces $7M funding round led by Khosla Ventures

News International-French

1 Jul 2016

The 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.

Arevo won the Autodesk REAL Deal Start Up competition and has introduced 3D printing industry innovations such as a first-of-its-kind multi-axis robotic additive manufacturing platform, composite material with five times the strength of titanium, and cloud-based software optimizing fiber placement in true 3D orientations to derive the highest strength-to-weight ratio.

“Our 3D printing technology and software suites will lead to higher quality parts in the aerospace, medical, and automotive industries. This funding will enable us to meet our near-term product development objectives, which will be announced later this year.” said Hemant Bheda, CEO and Founder of Arevo.

“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.

About Arevo:
The company is based in Silicon Valley, California, develops technology to enable direct digital additive manufacturing of ultra strong composite parts for end-use applications. Its technology consists of advanced composite materials, deposition technology and software algorithms to optimize mechanical properties of printed parts. It offers additive manufacturing services to OEMs worldwide.

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