Holo Raises Series B Investment, Adding Investors Lam Capital and Atreides Management
- The Additive Manufacturing Leader Plans to Double Its Team to Expand Throughput of Tools and Add New Materials
Holo, the metal additive manufacturing company, has added two new investors in the raising of its Series B investment round. As the leader in high resolution, production scale additively manufactured metal parts, Holo has attracted new investment from Lam Capital, Lam Research’s venture group, and Atreides Management, a long-term oriented crossover fund. The round also included participation from existing investors, Prelude Ventures, Tao Capital Partners and Lightspeed Venture Partners.
Recommended AI News: Boba Network And DODO Partner To Offer Enhanced Liquidity And Issuance Capabilities
With the closing of its latest financing round, Holo plans to grow aggressively in 2021 and 2022, doubling the size of the company, accelerating development of its 3,000 cm3/hr high throughput production system and continuing to expand its materials portfolio.
Earlier this year, Holo announced the launch of PureForm™ for the production of high-performance pure copper parts directly for customers using its proprietary high-resolution, high-throughput technology – a first for the industry.
“We believe Holo’s approach to metal additive manufacturing has great potential,” said Faran Nouri, managing director, Lam Capital. “Additive manufacturing is an important part of our development and innovation strategy and this funding aligns with Lam Capital’s mission to invest in forward thinking companies that can help address today’s most challenging problems.”
“We are proud to have funding from Lam Capital, who makes strategic investments in additive manufacturing,” said Hal Zarem, CEO, Holo.
Spun out of Autodesk in 2017, Holo was co-founded by the team who developed and led Autodesk’s Ember additive manufacturing product. With over 75 years of combined experience in developing a wide range of leading AM technologies across hardware, material science, software and product design, Holo’s focus has been on lowering the barriers of adoption of additive manufacturing for volume production.
Recommended AI News: AKASA Announces Accelerated Growth And Expanding Customer Base
“In a short period of time, Holo has developed the highest quality and most cost effective AM technology for volume production,” said Mark Cupta, managing partner, Prelude Ventures. “Prelude has been on board since the very beginning and we are continually impressed by the business Holo is creating.”
Holo, the metal additive manufacturing company, has added two new investors in the raising of its Series B investment round. As the leader in high resolution, production scale additively manufactured metal parts, Holo has attracted new investment from Lam Capital, Lam Research’s venture group, and Atreides Management, a long-term oriented crossover fund. The round also included participation from existing investors, Prelude Ventures, Tao Capital Partners and Lightspeed Venture Partners.
With the closing of its latest financing round, Holo plans to grow aggressively in 2021 and 2022, doubling the size of the company, accelerating development of its 3,000 cm3/hr high throughput production system and continuing to expand its materials portfolio.
Earlier this year, Holo announced the launch of PureForm™ for the production of high-performance pure copper parts directly for customers using its proprietary high-resolution, high-throughput technology – a first for the industry.
“We believe Holo’s approach to metal additive manufacturing has great potential,” said Faran Nouri, managing director, Lam Capital. “Additive manufacturing is an important part of our development and innovation strategy and this funding aligns with Lam Capital’s mission to invest in forward thinking companies that can help address today’s most challenging problems.”
“We are proud to have funding from Lam Capital, who makes strategic investments in additive manufacturing,” said Hal Zarem, CEO, Holo.
Spun out of Autodesk in 2017, Holo was co-founded by the team who developed and led Autodesk’s Ember additive manufacturing product. With over 75 years of combined experience in developing a wide range of leading AM technologies across hardware, material science, software and product design, Holo’s focus has been on lowering the barriers of adoption of additive manufacturing for volume production.
“In a short period of time, Holo has developed the highest quality and most cost effective AM technology for volume production,” said Mark Cupta, managing partner, Prelude Ventures. “Prelude has been on board since the very beginning and we are continually impressed by the business Holo is creating.”
Recommended AI News: Simplr Launches Capabilities to Power Customer Empathy at Scale
Comments are closed.