VELO3D Going Public Will Take Metal Powder Bed Fusion to New Territory
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Over the last six months, the additive manufacturing industry has been riding a wave not seen in a decade. In March, the rumors that VELO3D—one of the youngest companies in the metal additive manufacturing industry—was going to go public in a SPAC deal were confirmed. This makes VELO3D the third metal additive manufacturing company to do so in just the last three quarters. Like Markforged and Desktop Metal before it, the decision is being driven by a major surge in interest in additive manufacturing technologies partly due to the coronavirus pandemic. If we’re doing comparisons, however, that’s more or less where the similarities between VELO3D’s current situation and the previously mentioned upstarts of sinter-based metal additive end.
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