AREVO, the Silicon Valley company transforming composites production through digitalization and automation, announced the introduction of its newest system, the Aqua 2, the world's first high speed additive manufacturing system for large continuous carbon fiber composite structures. In addition to higher quality, the Aqua 2 is able to print 4x faster than its predecessor. This enables the rapid, on-demand production of large (up to one cubic meter) custom composite parts.
The company closed their Series B financing round, led by Defy Partners and GGV Capital with participation from Khosla Ventures, Alabaster, and others. This will bring their total funding to $60m. Defy appointed Brian Shin, an accomplished serial entrepreneur, investor, and Defy Scout, to join Arevo's Board which includes Hemant Bheda (Co-Founder), Sonny Vu (CEO), and Bruce Armstrong (Khosla).
"Arevo's new platform enables fabrication of high strength, low weight carbon fiber parts, currently not possible with today's standard techniques," said Trae Vassallo, founding partner at Defy. "We are thrilled to be working with the team to help scale up this incredibly impactful technology."
18 August 2020