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Velo3D raises $28 million to expand additive manufacturing business

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Velo3D has raised $28 million in a Series D funding round, bringing total funding to $138 million.

New investors Piva and TNSC joined the round, along with existing investors Bessemer Investment Partners, Playground, and Khosla Ventures.

Benny Buller, founder and CEO of Velo3D, says: “With the Velo3D integrated solution of Flow advanced pre-print software, Sapphire printer, and Assure quality management software, companies can finally break free of the constraints of existing metal additive manufacturing processes. [Read more…] about Velo3D raises $28 million to expand additive manufacturing business

Velo3D ships seventh Sapphire printer to aerospace production customer

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Velo3D, a manufacturer of metal additive manufacturing systems or 3D printers, has delivered its seventh Sapphire printer to its largest production customer, which has already ordered a total of 12 systems in the past year.

All previously installed systems are in full production creating mission-critical parts for aerospace applications. The balance of the systems will ship before the end of Q1 2020.

The combination of 12 systems and their productivity makes this one of the largest concentrations of metal additive-manufacturing capacity in the world. [Read more…] about Velo3D ships seventh Sapphire printer to aerospace production customer