NVBOTS Appoints a New CEO and Receives Series A Funding from Woodman Asset Management
Energetic, fast-growing startup New Valence Robotics Corporation (NVBOTS) just keeps moving forward. It’s been an incredibly busy and productive year for the Boston company, which manufactures automated, enterprise 3D printing solutions. 2016 has seen the launch of the company’s new metal 3D printing division, NVLABS, and the development of a new high-speed metal printing technology. Their unique NVPro 3D printer was released to the general public in April, and now NVBOTS has announced more new developments that point towards further expansion and growth for the company.
NVBOTS has received Series A financing led by Swiss firm Woodman Asset Management. The funds will boost the company’s development of their multi-metal printers, as well as expand sales of the NVPro plastic printer, which has already been a popular and successful product; high-profile customers include Staples and Hypertherm, among others. The release of NVBOTS’ high-speed, wire-feed metal printers is expected to have a big impact on the metal 3D printing industry, offering not only higher speeds but lower costs and power consumption – as well as expanding NVBOTS’ client base to the automotive, aerospace, defense, industrial and medical industries.
“We are pleased to lead the NVBOTS financing,” said Dr. Alexander J. Bischoff, Head of Venture Capital at Woodman. “The market for cost-effective, fast, and automated 3D printers is well over $10 billion. NVBOTS, with its established NVPro plastics printing platform, high-speed metal printing technology, and exceptional team, is poised to lead this rapidly growing category.”
In addition to the increased capital, NVBOTS has also acquired a new CEO. Duncan McCallum brings two decades of experience in launching and funding new business ventures. He co-founded and led Cilk Arts, since acquired by Intel, and VeloBit, now part of Western Digital. Before that, he was a venture capitalist at Bessemer Venture Partners, for whom he led early stage investments in 16 companies that have since gone on to produce an aggregate market capitalization of over $1.5 billion.
“I am fortunate to help lead the next phase of growth at NVBOTS,” said McCallum. “I’ve seen few opportunities that are as large and compelling.”
Founding CEO AJ Perez will continue to lead NVBOTS, moving to the position of Chairman. 3DPrint.com had the opportunity to speak with Perez earlier this year at Inside 3D Printing New York; he gave us a demonstration of the NVPro, which you can see in the video below. He’ll also be speaking at Inside 3D Printing San Diego in December, where he’ll lead a session entitled “Achieving Industry 4.0 Success Through Additive Manufacturing.” We’ll have a more in-depth interview with Perez in the near future as well, so stay tuned.
“As NVBOTS continues its rapid growth, I am excited about adding financial support from Woodman and bringing on someone of Duncan’s caliber to lead day-to-day operations,” said Perez. “Duncan brings more than 20 years of experience building successful technology companies. I look forward to our partnership as we continue to grow the company and expand NVLABS — a division of NVBOTS focused on the commercialization of our multi-metal 3D printing technology.”
Below, you can take a quick peek at the NVPro printer at Inside 3D Printing New York, as Perez explains its automatic part removal process to us. Discuss further in the NVBOTS & 3D Printing forum over at 3DPB.com.
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