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ARRIS raises $34 million in latest fundraising round

To accelerate the adoption of Additive Molding technology in key markets like aerospace and consumer goods

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ARRIS, an advanced manufacturer with a technology enabling the highest-performing fiber-reinforced composites, at scale, has raised $34 million in its latest fundraising round. The funding will be used to scale ARRIS’ global operations and accelerate the adoption of the company’s Additive Molding technology.

Founded in 2017, the ARRIS Technology team created a new manufacturing category called Additive Molding by pioneering the development of patented software, materials, and high-volume production methods that prioritize specific stiffness and strength. New levels of product performance are now possible with this first-of-its-kind advanced manufacturing platform – enabling continuous fiber-reinforced thermoplastic composite structures that are lighter and more sustainable.

The round saw participation from new and returning investors, including ST Engineering (one of the largest independent providers of commercial airframe maintenance services in the world), Zebra Technologies (a market leader in barcode printers, scanners, RFID readers, and mobile computing solutions), Youngone (a company working with major consumer brands focusing on outdoor/athletic apparel, materials, gear, and footwear), Standard Industries, Vertex Exploratory Fund, NEA, XN, Taiwania Capital, Bosch Ventures, Modern Venture Partners (MVP), and Alumni Ventures Group (AVG).

ARRIS raises $34 million in latest fundraising round to accelerate the adoption of Additive Molding in aerospace and consumer goods markets.

In February 2024, Brooks Running released the Hyperion Elite 4 performance running shoe featuring a cutting-edge ARRIS carbon fiber plate; in January 2024, ARRIS launched a line of next-gen carbon fiber bicycle spokes that are 2.7x stronger, gram-for-gram, than the best-in-class aero spoke in the market today; and in the summer of 2024, an industry-leading bicycle brand will release one of its top, award-winning bicycles that features an ARRIS bracket.

Fueling the company’s growth is continued performance-driven innovation, strategic go-to-market initiatives, and the expansion of ingredient brand partnerships with an emphasis on expanding consumer products (e.g., footwear, bicycles, portable electronics) and aerospace applications.

“The use of composite structures in aerospace applications offers a compelling combination of weight savings, strength, durability, and environmental sustainability. Through our investment in ARRIS, we will jointly develop innovative composite products that elevate ST Engineering’s aerospace solutions, providing more value add and benefits to our customers,” said Jeffrey Lam, President of Commercial Aerospace at ST Engineering.

“ARRIS’ dedication to hard work, innovation, and sustainability aligns with our foundational principles – we take pride in our reputation as a continuous pioneer, and ARRIS is on a similar path,” said Rae Eun Sung, Group Vice Chairman and CEO of Youngone Holdings. “We see the expansive potential in cutting-edge composites and look to ARRIS for novel product differentiation.”

Research
Composites AM 2024

746 composites AM companies individually surveyed and studied. Core composites AM market generated over $785 million in 2023. Market expected to grow to $7.8 billion by 2033 at 25.8% CAGR. This new...

Edward Wakefield

Edward is a freelance writer and additive manufacturing enthusiast looking to make AM more accessible and understandable.

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