Velo3D, a Campbell, Calif.-based digital manufacturing company, raised $28m in Series D funding round.
New investors Piva and TNSC joined the round, along with existing investors Bessemer Investment Partners, Playground, and Khosla Ventures. This brings total funding to $138m.
The company plans to use the new capital to expand its product portfolio to include more machine options, compatible alloys, and enhanced software and hardware capabilities.
Founded in 2015 by Benny Buller, CEO, Velo3D provides integrated an solution of software, hardware, and process-control innovation for 3D metal printing.
The company, which operated in stealth mode for the first 4 years, announced availability of the Sapphire printer in 2019. In that first year of commercialization, they generated nearly $30 million in sales serving customers in industries such as aerospace, oil & gas, and power generation in Japan, Korea, and Australia.
FinSMEs
29/04/2020