VELO3D Bags $20M Order from Aerospace Company for Production Metal AM Printers
CAMPBELL, CA, USA, Jun 29, 2020 – Digital manufacturing innovator VELO3D announced that it has received a $20M order for its metal Additive Manufacturing (AM) printers from an existing aerospace customer. This order is the largest to date for VELO3D since their commercial launch in September 2018.
“This significant order validates that VELO3D’s SupportFree process is production-ready,” said Benny Buller, founder and CEO of VELO3D. “Our 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.”
VELO3D is well-known for enabling geometric freedom through its patented SupportFree process, which reduces the consideration of support structures for complex passageways, shallow overhangs and low angles. The VELO3D solution consists of Flow pre-print software, Sapphire metal AM printer, and Assure™ quality assurance and control system.
This contract news comes after the announcement that VELO3D made last week regarding the completion of a $40M fundraising round in the midst of COVID-19, increasing total fundraising to $150M to date.
VELO3D empowers companies to manufacture anything. Bringing together an integrated solution of software, hardware, and process-control innovation, VELO3D introduced the first SupportFree capability for 3D metal printing. This enables unlimited design innovation by reducing the need for support structures in metal additive manufacturing. The company’s Sapphire® system is built with a semiconductor mindset on quality assurance, ensuring repeatability and dependability throughout serial manufacturing.
Headquartered in Silicon Valley, California, VELO3D helps companies deliver immediate business impact by making the impossible, possible. To learn more, please visit www.VELO3D.com.