{"id":168924,"date":"2020-06-22T00:00:00","date_gmt":"2020-06-22T00:00:00","guid":{"rendered":"http:\/\/facfox.com\/news\/?p=168924"},"modified":"2024-10-23T12:47:24","modified_gmt":"2024-10-23T12:47:24","slug":"velo3d-secures-largest-3d-printer-order-to-date-from-aerospace-customer-money-funding","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/velo3d-secures-largest-3d-printer-order-to-date-from-aerospace-customer-money-funding\/","title":{"rendered":"VELO3D secures largest 3D printer order to date from aerospace customer Money & Funding"},"content":{"rendered":"

VELO3D, the developer of support-free metal 3D printing technology<\/a>, has today announced it received a $20 million order from an existing aerospace customer. The order for its metal additive manufacturing systems is the largest it has received since its commercial launch in September 2018.<\/p>\n

The $20M order announcement comes right on the heels of a series of investment announcements from VELO3D. In April, the company revealed it had raised $28 million in a Series D financing round. Then, last week, it announced an additional $12 million in funding, bringing its total investments to $150 million. The large order for its Sapphire 3D printing systems shows that the company is not anywhere close to done growing.<\/p>\n

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\u201cThis significant order validates that VELO3D\u2019s SupportFree process is production-ready,\u201d commented Benny Buller, Founder and CEO of VELO3D. \u201cOur recent successes across various industrial sectors show that many OEMs and contract manufacturers are adapting their supply chain to meet the demands of manufacturing mission-critical components. Design freedom, agile production, and quality assurance are requirements that VELO3D is uniquely positioned to meet.\u201d<\/p>\n

VELO3D\u2019s Sapphire system is a metal 3D printing<\/a> system capable of achieving support-free additive manufacturing. The technology is enabled thanks to three key things: software, closed loop control and VELO3D\u2019s unique recoater process. You can learn more about the intricacies of the Sapphire metal 3D printing system in this in-depth interview with Richard Nieset, Chief Customer Officer at VELO3D.<\/p>\n

Looking at the company\u2019s dealings with the aerospace sector, it has been working alongside a handful of companies, including Honeywell Aerospace and Boom Supersonic.<\/p>\n

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You might also like:<\/h5>\n

Made In Space acquired by Redwire: <\/a>You might be wondering why you haven\u2019t heard of Redwire. It\u2019s probably because the company is brand new. Redwire was launched in June 2020 by AE Industrial Partners (AEI), a private equity firm specializing in aerospace, defense and government services and specialty industrial markets. Interestingly, earlier this year AEI acquired Adcole Space, a specialist in the design, manufacture, integration, test and operation of small satellites and spacecraft components; and Deep Space Systems, a Colorado-based space systems engineering company. Both of these companies\u2019 portfolios are now part of Redwire\u2019s technology portfolio, which includes space sensors, payloads, flight hardware and exploration spacecraft. With the recent acquisition of Made In Space, Redwire is expanding its portfolio significantly.<\/p><\/blockquote>\n

* This article is reprinted from 3D Printing Media Network<\/a>. If you are involved in infringement, please contact us to delete it.<\/p>\n

<\/i> Author:\u00a0Tess Boissonneault<\/p>\n","protected":false},"excerpt":{"rendered":"

VELO3D, the developer of support-free metal 3D printing technology, has today announced it received a $20 million order from an existing aerospace customer. 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