New high speed 3D printer for continuous carbon fibre released

In addition to higher quality, the Aqua 2 is able to print four times faster than its predecessor. This enables the rapid, on-demand production of large (up to one cubic meter) custom composite parts.

The company closed its Series B financing, led by Defy Partners and GGV Capital with participation from Khosla Ventures, Alabaster, and others. This will bring their total funding to $60 million.

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."

“Arevo is a compelling opportunity as it fits squarely at the intersection of GGV’s three main areas of investment focus: consumer internet, enterprise, and smart tech. We see fantastic potential in this market, and have backed Sonny before at Misfit. Arevo is led by an experienced team with solid technological foundation and 3D printing manufacturing know-how at scale - to offer breakthrough products at competitive prices,” said Hans Tung, a managing partner at GGV Capital.

“We are excited to have Defy and GGV Capital on board to bring not only capital but a vast amount of strategic experience. The strong interests in the company despite tough market conditions really reaffirm our vision,” said Hemant Bheda, Arevo’s co-founder and chairman.

www.arevo.com