Arris secures additional 34 million dollars in funding to fuel growth

Arris, an advanced manufacturer with a technology enabling high-performing fibre-reinforced composites at scale, today announced that it has raised $34 million in its latest fundraising round.

Arris secures additional 34 million dollars in funding to fuel growth

1 minute, 40 secondes

The round saw participation from new and returning investors, including 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). ST Engineering is one of the largest independent providers of commercial airframe maintenance services in the world. Zebra Technologies is a market leader in barcode printers, scanners, RFID readers, and mobile computing solutions for customers throughout the supply chain, including retail, manufacturing, and transportation and logistics companies. Youngone is a pioneering company that works with major consumer brands focusing on outdoor/athletic apparel, materials, gear, and footwear.

Funding will be used to build on Arris’ success in scaling its global operations. In November of 2023, Brooks Running revealed the Hyperion Elite 4 performance running shoe featuring a cutting-edge carbon fibre plate. Following the product release of Hyperion Elite 4 in February 2024, the highly reviewed shoes are in high demand. In January 2024, Arris launched a line of next-gen carbon fibre bicycle spokes that are 2.7x stronger gram for gram than the best-in-class aero spoke in the market today. In the summer of 2024, an industry-leading bicycle brand will release one of its top, award-winning bicycles that features an Arris bracket.

Fueling the company’s growth includes 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.

The use of composite structures in aerospace applications offers a compelling combination of weight savings, strength, durability, and environmental sustainability. Through our investment in Arris, we will jointly develop innovative composite products that elevate ST Engineering’s aerospace solutions, providing more value add and benefits to our customers,” said Jeffrey Lam, President of Commercial Aerospace at ST Engineering.

Arris’ dedication to hard work, innovation, and sustainability aligns with our foundational principles—we take pride in our reputation as a continuous pioneer, and Arris is on a similar path,” said Rae Eun Sung, Group Vice Chairman and CEO of Youngone Holdings. “We see the expansive potential in cutting-edge composites and look to Arris for novel product differentiation.”

Cover photo: Arris – Arris’ offices

More information https://arriscomposites.com