Additive Molding

Assembly Line

Arris Secures Additional $34M in Funding

📅 Date:

🔖 Topics: Funding Event, Additive Molding

🏢 Organizations: ARRIS Composites

ARRIS®, an advanced manufacturer with a breakthrough technology enabling the highest-performing fiber-reinforced composites at scale, announced that it 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). The funding will be used to build on the ARRIS’ success in scaling its global operations.

Founded in 2017, the ARRIS Technology team created a new manufacturing category called Additive Molding by pioneering the development of patented software, materials, and high-volume production methods that prioritize specific stiffness and strength. New levels of product performance are now possible with this first-of-its-kind advanced manufacturing platform, enabling continuous fiber-reinforced thermoplastic composite structures that are lighter and more sustainable.

Read more at PR Newswire