Boston-based startup NVBOTS announced a Series A Financing led by Woodman Asset Management. The funds will be used to support sales activities of the NVPro 3D printers as well as for the development of its multi-metal 3D printers.
NVBOTS also announced Duncan McCallum as its new CEO, as founding CEO AJ Perez has been elevated to Chairman and will lead NVLABS.
“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 AJ 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.”
NVBOT’s NVPro FFF 3D printer features automated part removal, allowing the machine to run continuously and be controlled from any device due to its cloud-based platform. The company’s new high-speed multi-metal 3D printing products will leverage the NVPro platform together with its proprietary Metal Additive Deposition (MAD), process which uses ordinary wire rather than expensive powders. These new systems will deliver dramatically higher speed, lower cost, and lower power consumption than competing 3D metal printing technologies.
Subscribe to our Newsletter
3DPResso is a weekly newsletter that links to the most exciting global stories from the 3D printing and additive manufacturing industry.
