ARRIS®, a 3D printer manufacturer developing a platform that can process fiber-reinforced composites 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).
- People benefit from the capabilities of ST Engineeringnearly every day—one of the largest independent providers of commercial airframe maintenance services in the world.
- People interact with Zebra Technologies nearly every day—the enterprise solutions company is an expert in barcode printers, scanners, RFID readers, and mobile computing solutions for customers throughout the supply chain, including retail, manufacturing, and transportation and logistics companies.
- People experience the continuous innovation of Youngone nearly every day—the pioneering company works with major consumer brands focusing on outdoor/athletic apparel, materials, gear, and footwear.
Funding will be used to build on the ARRIS‘ success in scaling its global operations.
- In November 2023, Brooks Running revealed the Hyperion Elite 4 performance running shoefeaturing 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 spokesthat 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.
“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.
Images credit: ARRIS Composites. Remember, you can post free of charge job opportunities in the AM Industry on 3D ADEPT Media or look for a job via our job board. Make sure to follow us on our social networks and subscribe to our weekly newsletter : Facebook, Twitter, LinkedIn & Instagram ! If you want to be featured in the next issue of our digital magazine or if you hear a story that needs to be heard, make sure to send it to contact@3dadept.com.