{"id":68457,"date":"2019-07-29T13:10:13","date_gmt":"2019-07-29T05:10:13","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/arevo-raises-12-5-million-in-new-capital-for-true-3d-printing-technology.3dm"},"modified":"2019-07-29T13:10:13","modified_gmt":"2019-07-29T05:10:13","slug":"arevo-raises-12-5-million-in-new-capital-for-true-3d-printing-technology","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/arevo-raises-12-5-million-in-new-capital-for-true-3d-printing-technology\/","title":{"rendered":"AREVO raises $12.5 million in new capital for \u201ctrue 3D\u201d printing technology"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">101<\/span><span>shares<\/span><\/div>\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">77<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">24<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">0<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>AREVO, a company dedicated to direct digital additive manufacturing of composite materials, has announced a $12.5 million Series B financing round, and the introduction of a new CEO.<\/p>\n<p>The funding will contribute to ongoing R&amp;D efforts, the round was led by Japanese global glass manufacturing company Asahi Glass, with Sumitomo Corporation of Americas, Leslie Ventures and Khosla Ventures.<\/p>\n<p style=\"text-align: center;\"><iframe src=\"https:\/\/www.youtube.com\/embed\/67x9dhrJlgw\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Jim Miller, former VP of WW Operations at Google and VP of Supply Chain at Amazon, has formally joined AREVO as the new CEO.<\/p>\n<p>&#8220;AREVO is at an exciting inflection point in its business right now,\u201d commented Miller,<\/p>\n<blockquote>\n<p>&#8220;We have the technology, team and tools to commercialize our software and fabrication process to build high strength parts that the manufacturing industry hasn\u2019t been able to conceive and construct before.&#8221;<\/p>\n<\/blockquote>\n<p><strong>The development of &#8220;True 3D printing&#8221;<\/strong><\/p>\n<p>AREVO has a multi-axis robotic additive manufacturing platform they refer to as &#8220;Free Motion Printing&#8221; or &#8220;True 3D printing.&#8221; With this system, composite fiber projects are afforded a high degree of design flexibility and scale.<\/p>\n<p>In its most recent project, AREVO successfully completed a 3D printed frame for a high-performance commuter bike.<\/p>\n<figure id=\"attachment_133500\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-large wp-image-133500\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/05\/1-1024x683.jpg\" alt=\"AREVO's 3D printed bike frame. Photo via AREVO\" width=\"1024\" height=\"683\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/05\/1-1024x683.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/05\/1-150x100.jpg 150w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/05\/1-770x513.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/05\/1-200x133.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/05\/1-500x333.jpg 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">AREVO&#8217;s 3D printed bike frame. Photo via AREVO<\/figcaption><\/figure>\n<p>The vision for this technology is that it will be used to make strong, lightweight parts, capable of replacing heavier metal parts &#8211; potentially valuable to transport, aerospace and automotive.<\/p>\n<p><strong>Into mainstream manufacturing<\/strong><\/p>\n<p>AREVO&#8217;s $12.5 million investment comes just two years after a $7 million series A funding round led by Series B contributor Khosla Ventures.<\/p>\n<p>&#8220;AREVO\u2019s approach is a significant leap forward as it is truly 3D printing rather than stacked 2D printing, which is what most of us are accustomed to,&#8221; said Vinod Khosla of Khosla Ventures.<\/p>\n<p>&#8220;AREVO is the company that can finally move 3D printing beyond novelty applications and into a mainstream manufacturing necessity with its unique nexus of software, robotics, and composite materials.&#8221;<\/p>\n<p>In 2017, the company also closed a deal with In-Q-Tel, to &#8220;drive development of AREVO\u2019s Composite Additive Manufacturing Technology for the U.S. Intelligence Community.&#8221;<\/p>\n<p><em>For more of the latest business news, subscribe the  Industry <a href=\"https:\/\/3dprintingindustry.com\/newsletter\/\">newsletter<\/a>, follow us on <a href=\"https:\/\/twitter.com\/3dprintindustry\">Twitter<\/a> and like us on <a href=\"https:\/\/www.facebook.com\/3dPrintingIndustry\/\">Facebook<\/a>.<\/em><\/p>\n<p><em>Seeking a new opportunity to get involved in the industry? Sign up to <a href=\"\/service\/3d-printing\"> Jobs<\/a> here.<\/em><\/p>\n<p><em>Featured image shows AREVO&#8217;s 3D printed bike frame. Photo via AREVO<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>101shares 77 24 0 AREVO, a company dedicated to direct digital additive manufacturing of composite materials, has announced a $12.5 million Series B financing round, and the introduction of a new CEO. The funding will contribute to ongoing R&amp;D efforts, the round was led by Japanese global glass manufacturing company Asahi Glass, with Sumitomo Corporation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182535,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/05\/1-1024x683.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,64,173,158],"class_list":["post-68457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting","tag-aerospace","tag-business","tag-space"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AREVO raises $12.5 million in new capital for \u201ctrue 3D\u201d printing technology - FacFox News<\/title>\n<meta name=\"description\" content=\"101shares77240AREVO, a company dedicated to direct digital additive manufacturing of composite materials, has announced a $12.5 million Series B financing\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/facfox.com\/news\/arevo-raises-12-5-million-in-new-capital-for-true-3d-printing-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AREVO raises $12.5 million in new capital for \u201ctrue 3D\u201d printing technology\" \/>\n<meta property=\"og:description\" content=\"101shares77240AREVO, a company dedicated to direct digital additive manufacturing of composite materials, has announced a $12.5 million Series B financing\" \/>\n<meta property=\"og:url\" content=\"https:\/\/facfox.com\/news\/arevo-raises-12-5-million-in-new-capital-for-true-3d-printing-technology\/\" \/>\n<meta property=\"og:site_name\" content=\"FacFox News\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-29T05:10:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/05\/1-1024x683.jpg\" \/>\n<meta name=\"author\" content=\"edi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/05\/1-1024x683.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"edi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/facfox.com\/news\/arevo-raises-12-5-million-in-new-capital-for-true-3d-printing-technology\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/facfox.com\/news\/arevo-raises-12-5-million-in-new-capital-for-true-3d-printing-technology\/\"},\"author\":{\"name\":\"edi\",\"@id\":\"https:\/\/facfox.com\/news\/#\/schema\/person\/30c6618bf20fcdd6af222ac673dfd857\"},\"headline\":\"AREVO raises $12.5 million in new capital for \u201ctrue 3D\u201d printing technology\",\"datePublished\":\"2019-07-29T05:10:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/facfox.com\/news\/arevo-raises-12-5-million-in-new-capital-for-true-3d-printing-technology\/\"},\"wordCount\":397,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/facfox.com\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/facfox.com\/news\/arevo-raises-12-5-million-in-new-capital-for-true-3d-printing-technology\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/05\/1-1024x683.jpg\",\"keywords\":[\"3dprint\",\"3dprinting\",\"aerospace\",\"business\",\"space\"],\"articleSection\":[\"Aerospace\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/facfox.com\/news\/arevo-raises-12-5-million-in-new-capital-for-true-3d-printing-technology\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/facfox.com\/news\/arevo-raises-12-5-million-in-new-capital-for-true-3d-printing-technology\/\",\"url\":\"https:\/\/facfox.com\/news\/arevo-raises-12-5-million-in-new-capital-for-true-3d-printing-technology\/\",\"name\":\"AREVO raises $12.5 million in new capital for \u201ctrue 3D\u201d printing technology - 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