VELO3D publicizes largest order so far totalling $20M

VELO3D publicizes largest order so far totalling $20M

VELO3D publicizes largest order so far totalling $20M

Silicon Valley-based VELO3D has simply introduced that it has acquired a $20M order for quite a few its steel LB-PBF 3D printers. The order got here from an current unnamed aerospace buyer and is now VELO’s largest order so far within the firm’s two yr historical past.

Benny Buller, founder and CEO of VELO3D, acknowledged: “This vital order validates that VELO3D’s SupportFree course of is production-ready. Our current successes throughout numerous industrial sectors present that many OEMs and contract producers are adapting their provide chain to fulfill the calls for of producing mission-critical elements. Design freedom, agile manufacturing, and high quality assurance are necessities that VELO3D is uniquely positioned to fulfill.”

VELO3D's Sapphire 3D printer. Photo via VELO3D.VELO3D’s Sapphire 3D printer. Picture by way of VELO3D.

SupportFree 3D printing

VELO prides itself on its patented SupportFree course of, claiming to allow geometric freedom by intelligently lowering helps in intricate passageways, shallow overhangs, and low angles. The all-encapsulating VELO portfolio is made up of the corporate’s Circulate print preparation software program, the Sapphire steel PBF printer, and the Guarantee high quality assurance and course of management system.

The Sapphire printer is able to fabricating production-grade titanium, inconel, and aluminum components for quite a lot of functions. Options embrace a twin 1kW laser setup and a 315 x 400 mm construct chamber. The printer additionally homes a non-contact recoater to cut back the danger of half collision and in-situ metrology sensors to offer perception into the construct high quality of each layer within the half.

Production-grade VELO3D 3D printed part. Photo via VELO3D.Manufacturing-grade VELO3D 3D printed half. Picture by way of VELO3D.

Stockpiling capital

In current months, VELO has raised a substantial quantity of capital in numerous rounds of fundraising. It began off in April, when the corporate managed to boost $28M in Sequence D funding. The most important funding in that spherical got here from enterprise capital agency Piva, with a number of smaller contributions from PETRONAS, Taiyo Nippon Sanso Corp, Bessemer Enterprise Companions, Playground, and Khosla Ventures. Extra lately, VELO raised an extra $12M, bringing the operating complete to $150M over the corporate’s lifespan.

Buller concluded: “We’re very excited to see this stage of curiosity from a number of trade leaders that use our resolution to beat complicated challenges for his or her companies and can be asserting extra about this within the coming weeks.”

The nominations for the 2020 3D Printing Business Awards are actually open. Who do you assume ought to make the shortlists for this yr’s present? Have your say now. 

Subscribe to the 3D Printing Business publication for the newest information in additive manufacturing. You may also keep related by following us on Twitter and liking us on Fb.

Searching for a profession in additive manufacturing? Go to 3D Printing Jobs for a collection of roles within the trade.

Featured picture reveals VELO3D’s Sapphire 3D printer. Picture by way of VELO3D.

Please give a like or touch upon  Fb for help Us

Go to our 3D printing Organs weblog 

Go to our sponsor Virtualrealityuse

Credit score : Supply Hyperlink

Related posts