VELO3D, a California-based metal 3D printing company, has raised $28m in a Series D funding round, with Japanese industrial gas manufacturer Taiyo Nippon Sanso (TNSC) among the new investors.
New investors Piva, a San Francisco-based venture capital firm, and TNSC joined the round, along with existing investors Bessemer Venture Partners, Playground, and Khosla Ventures.
VELO3D, headquartered in Silicon Valley and founded five years ago, has now raised $138m in financing in total. The new funding, which comes during a time when global manufacturing has slowed due to the coronavirus pandemic, will be used to expand VELO3D’s product portfolio to include more machine options, compatible alloys, and enhanced software and hardware capabilities.
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