Sigma Labs Inc (SASI)

[VisionaryInc]

Industry news regarding a potential Sigma competitor,
or at the very least another OEM with some of their own software. (Velo3D)

But, I use this important example to show the amount of funding a startup company requires, and the amount of time it takes to reach profitability, even if you throw ~$150 Million at it.

CAMPBELL, Calif., April 28, 2020 – Digital manufacturing innovator VELO3D announced today that it has raised $28 million in a Series D funding round. New investors Piva and TNSC joined the round, along with existing investors Bessemer Investment Partners, Playground, and Khosla Ventures. This brings VELO3D’s total funding to $138 million.


“With the VELO3D integrated solution of Flow™ advanced pre-print software, Sapphire™ printer, and Assure™ quality management software, companies can finally break free of the constraints of existing metal additive manufacturing processes,” states Benny Buller, Founder and CEO of VELO3D. “Customers in industries such as aerospace, oil & gas, and power generation are now able to achieve part quality for their mission-critical applications with performance levels that weren’t possible before with 3D metal printing.”
VELO3D plans to use the new capital to expand its product portfolio to include more machine options, compatible alloys, and enhanced software and hardware capabilities. The company anticipates that the injection of fresh capital will help them reach sustainable profitability by mid-2022.


Sigma Inside

Do DD

Glta.