<article>Japanese glass maker <a href="https://www.dealstreetasia.com/?s=asahi+glass">Asahi Glass</a> has led a $12.5-million Series B round for US-based 3D printing startup AREVO.</article>

Japanese glass maker <a href="https://www.dealstreetasia.com/?s=asahi+glass">Asahi Glass</a> has led a $12.5-million Series B round for US-based 3D printing startup AREVO.
The round was joined by Sumitomo Corporation of Americas, Leslie Ventures and Khosla Ventures.
AREVO says it combines dynamic software, automation and robotics, and patented materials science to transform how products are created, from ideation to execution. It recently partnered with Studio West to create the world’s first true 3D-printed commuter bike.
According to a media release, the fresh round of funding will help the company focus on the full-scale commercialization of its technology across a diverse set of industries such as aerospace, defence, transportation, automotive, consumer electronics, sporting goods, medical, and oil and gas.
At the same time, the startup also announced the appointment of Jim Miller, a former vice-president of supply chain in Amazon and vice-president of worldwide operations at Google, as its new CEO.
&#8220;AREVO is at an exciting inflection point in its business right now. We have the technology, team and tools to commercialize our software and fabrication process to build high strength parts that the manufacturing industry hasn’t been able to conceive and construct before,&#8221; said Miller.
Masatoshi Ueno from AGC Ventures, a corporate venturing arm of Asahi Glass, said, “We are thrilled by joining Arevo’s journey as an investor and commercialization partner. Arevo’s technology will enable us to add new business lines on top of current material solutions.”
AREVO’s approach is a significant leap forward as it is truly 3D printing rather than stacked 2D printing, said Vinod Khosla of Khosla Ventures. “Arevo is the company that can finally move 3D printing beyond novelty applications and into a mainstream manufacturing necessity with its unique nexus of software, robotics, and composite materials.”
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Asahi Glass led $12.5-million Series B round for 3D printing startup AREVO, round was joined by Sumitomo Corporation of Americas, Leslie Ventures & Khosla Ventures.

Japan's Asahi Glass leads funding for US-based 3D printing startup AREVO

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Japan's Asahi Glass leads funding for US-based 3D printing startup AREVO

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