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About Velo3D
Industries
Industrial & Manufacturing
Enterprise Software
Company Size
51-200
Company Stage
IPO
Headquarters
Fremont, California
Founded
2014
Overview
Velo3D specializes in metal additive manufacturing, also known as 3D printing, providing a complete solution for creating complex metal parts that traditional manufacturing cannot achieve. Their offerings include advanced 3D printers, software, and support services tailored for high-tech industries like aerospace and energy, which require precise components. Velo3D's technology allows these industries to innovate more efficiently by enabling the production of specialized parts. The company generates revenue through the sale of its Sapphire series of 3D printers, software licensing, and maintenance services, ensuring a consistent income stream. By qualifying new materials, such as copper alloys, Velo3D expands its capabilities and market reach. The goal of Velo3D is to lead in the metal additive manufacturing sector, helping clients create previously unmanufacturable parts and driving growth in advanced manufacturing.
Simplify's Take
What believers are saying
- Partnerships with NAVAIR and US Navy boost aerospace and defense applications.
- Growing demand for complex metal parts in aerospace benefits Velo3D's technology.
- Expansion in space industry increases demand for Velo3D's specialized components.
What critics are saying
- Emerging competition from Desktop Metal and Markforged threatens market share.
- Supply chain vulnerabilities in semiconductor components could disrupt production.
- Reliance on high-tech sectors may affect revenue due to budget fluctuations.
What makes Velo3D unique
- Velo3D offers the first SupportFree capability for 3D metal printing.
- The Sapphire system ensures repeatability and dependability in serial manufacturing.
- Velo3D integrates software, hardware, and process-control for a comprehensive manufacturing solution.
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Funding
Total Funding
$547.1M
Above
Industry Average
Funded Over
5 Rounds
Bessemer Venture PartnersBenefits
Health Insurance
401(k) Company Match
Stock Price
Growth & Insights and Company News
6 month growth
ā -8%1 year growth
ā -5%2 year growth
ā -1%Velo3D will work alongside NAVAIR's technical experts to further develop additive manufacturing processes and printing techniques that can produce complex, high-performance components.
Velo3D has struck a strategic agreement with Vaya Space which will see the hybrid rocket company use the recently launched Rapid Production System to additively manufacture critical propulsion system parts.
Velo3D, a company specializing in metal additive manufacturing, has entered into a partnership with Ohio Ordnance Works (OOW), a manufacturer of firearms and military systems, to develop 3D printed weapon components as part of OOW's Rapid Production Services (RPS) program.
Velo3D partners with the U.S. Navy to boost AM in defense and aerospace.
Velo3D and US navy R&D collaboration to develop aerospace and defence applications.
Velo3D is Hiring for 7 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Velo3D
Industries
Industrial & Manufacturing
Enterprise Software
Company Size
51-200
Company Stage
IPO
Headquarters
Fremont, California
Founded
2014
Velo3D is Hiring for 7 Jobs on Simplify!
Find jobs on Simplify and start your career today