Subscribe Now
GLOBAL NEWSAEROSPACE

VELO3D Receives $20M Order from existing Aerospace Customer for Production Metal AM Printers

1 Mins read
metal AM printer

Above: VELO3D receives order worth $20M Order from Aerospace Company/Image Credit: VELO3D


VELO3D, the digital manufacturing innovator, announced that it has received its largest order till date worth $20M for its metal Additive Manufacturing (AM) printers from an existing aerospace customer.

Commenting on the huge order, Benny Buller, founder and CEO of VELO3D said, “This significant order validates that VELO3D’s SupportFree process is production-ready. 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.”

metal AM printer

Above: Radial Hex/Image Credit: VELO3D


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, $12M from new strategic investors and $28M raised for product expansion, in the midst of COVID-19, increasing total fundraising to $150M to date.

Benny added, “We are very excited to see this level of interest from multiple industry leaders that use our solution to overcome complex challenges for their businesses and will be announcing more about this in the coming weeks. In this unprecedented time of uncertainty, this funding will allow us to keep expanding our business and reach profitability.”

The funds will allow the company to grow their product portfolio with new machines and alloys and to continue providing world-class support to customers. Furthermore, VELO3D expects that this raise will help them reach sustainable profitability by mid-2022.


About Manufactur3D Magazine: Manufactur3D is an online magazine on 3D Printing. Visit our Global News page for more updates on Global 3D Printing News. To stay up-to-date about the latest happenings in the 3D printing world, like us on Facebook or follow us on LinkedIn.

1665 posts

About author
Manufactur3D is an Indian Online 3D Printing Media Platform that reports on the latest news, insights and analysis from the Indian and the Global 3D Printing Industry.
Articles
Related posts
AMERICAS

Kevton Technologies Acquires Seven Sapphire 3D Printers from Velo3D

2 Mins read
Velo3D announced that Kevton Technologies has purchased seven Sapphire 3D printers to provide additively manufactured parts to its customers.
MATERIALS

Velo3D Qualifies M300 Tool Steel for Sapphire 3D Printers

2 Mins read
Velo3D has announced that it has qualified M300 tool steel for Sapphire 3D printers. The new materials is an ultra-low carbon alloy with extremely
AVIATION

Hermeus to use new Velo3D Sapphire Printers to build its Hypersonic Aircraft

2 Mins read
Velo3D announced that Hermeus has acquired two Velo3D Sapphire printers for high-volume production of parts for its hypersonic aircraft.