ARRIS raises additional $34M in funding
Next-gen manufacturing platform to scale global operations targeting aerospace and consumer markets
ARRIS, a technology company enabling fiber-reinforced composites manufacturing at scale, has raised $34 million in its latest fundraising round. The round saw participation from new and returning investors, including ST Engineering, Zebra Technologies, Youngone, Standard Industries, Vertex Exploratory Fund, NEA, XN, Taiwania Capital, Bosch Ventures, Modern Venture Partners (MVP), and Alumni Ventures Group (AVG). The new funding will be used to build by ARRIS to further scale its global operations. The company has raised over $100 million to date.
People benefit from the capabilities of ST Engineering nearly every day—one of the largest independent providers of commercial airframe maintenance services in the world.
“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.
Zebra Technologies also makes products for everyday use. The enterprise solutions company is a market leader in barcode printers, scanners, RFID readers, and mobile computing solutions for customers throughout the supply chain, including retail, manufacturing, and transportation and logistics companies.
Youngone works with major consumer brands focusing on outdoor/athletic apparel, materials, gear, and footwear. “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.”
In November 2023, Brooks Running revealed the Hyperion Elite 4 performance running shoe featuring a cutting-edge ARRIS carbon fiber plate. Following the product release of Hyperion Elite 4 in February 2024, the highly reviewed shoes are in high demand. 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.
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 includes 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.
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.
