Startup Arevo engaged in composite additive manufacturing technology, has closed an investment and technology development agreement with In-Q-Tel (IQT), a non-profit strategic investor. In-Q-Tel identifies innovative technology solutions to support the mission of the U.S. Intelligence Community.
Katie Gray, Investments Partner at IQT,
Our partnership with Arevo will enable IQT’s customers to stay ahead of the curve in developing new devices critical to our nation’s security.
Hemant Bheda, Chief Executive Officer and co-founder of AREVO believes that partnering with IQT is a great vote of confidence in their design and composite manufacturing process methods.
We have made steady progress over the past year in defense applications and we believe our work with IQT will open more doors for us.
Since 2014 Arevo Labs has been working with additive technologies, including advanced composites for 3D printing, own reinforced filament fusion technology, and cloud-based software which can improve fiber placement in 3D orientations.
About a year ago the company raised $ 7 million from the pool of investors led by Khosla Ventures. According to the analysts from Lux Research, Arevo has found its niche in the market of 3D printing with continuous fibers, this aspect helped it to become an industry leader.
Industries: Finance & Investment