Metal Additive ManufacturingMoney & Funding

VELO3D raises $12M, for a total of $150M in funding

Stay up to date with everything that is happening in the wonderful world of AM via our LinkedIn community.

VELO3D, a California-based metal additive manufacturing company, has just revealed it has secured $12 million in funding from new strategic investors. The news, which was announced in a brief LinkedIn post this morning, follows a recent Series D funding round in April, through which VELO3D raised $28 million. With the recent funding added to the $28 million, VELO3D has raised $40 million in recent months and a grand total of $150 million.

While we await more details, here is what Benny Buller, CEO and Founder of VELO3D has said about the $12 million in funding:

“I am proud to announce that we have successfully completed fundraising with the addition of new strategic investors. 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 raise enables us to grow our product portfolio with new machines and alloys and to continue providing world-class support to our customers. This represents an addition to the $28M that we announced in April and brings our total for this fundraising to $40M and a total funding for the company to $150M. This funding will allow us to keep expanding our business and reach profitability.”

In April, VELO3D announced that the Series D funding would enable it to expand its product portfolio by bringing to market more machine options and compatible metal alloys, as well as to enhance its software and hardware capabilities.

The company, which came out of stealth mode in 2018, has brought to market an end-to-end metal additive manufacturing solution consisting of the support-free Sapphire 3D printer, Flow advanced pre-print software and Assure quality management software. It has already sold its technology to customers including Duncan Machine ProductsKnust-Godwin and Stratasys Direct Manufacturing.

VELO3D interview
3D printed nozzle with channels, VELO3D
Consumer Products AM 2024

This new market study from VoxelMatters provides an in-depth analysis and forecast of polymer and metal AM in the consumer products industry across the three core segments of the additive manufactu...

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close Popup
Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

Technical Cookies
In order to use this website we use the following technically required cookies
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services


Join our 12,000+ Professional community and get weekly AM industry insights straight to your inbox. Our editor-curated newsletter equips executives, engineers, and end-users with crucial updates, helping you stay ahead.