Velo3D, Inc. Overview
Pro stress-test →Velo3D is a metal 3D printing technology company focused on mission-critical metal parts, offering an integrated Flow software, Sapphire printers, and Assure system. The company's printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other metal parts, which it sells or leases to customers for use in their businesses. Renowned companies like SpaceX, Honeywell, and Lam Research turn to Velo3D's solution to drive innovation in defense, enhance aerospace applications, optimize transportation, and manufacture crucial oil & gas components.
Strategic Profile
Pro stress-test →Under new CEO Arun Jeldi, Velo3D has launched a new go-to-market strategy focusing on multiple revenue streams and a solutions-based approach for customers, following a 2023 strategic review that resulted in Arrayed Notes Acquisition Corp. owning 95% of the company. This transaction will enable Velo3D and Arrayed Additive, the parent company, to combine resources to further expand industry leadership positions in supplying high value, additive manufacturing solutions to the defense, aerospace, and space segments.
Competitive Landscape
Pro stress-test →Velo3D's customers range from small- and medium-sized enterprises to Fortune 500 companies in the space, aviation, defense, automotive, energy, and industrial markets. The company competes with other metal additive manufacturing providers in the aerospace and defense sectors, differentiated by its fully integrated hardware-software solution and design freedom capabilities.
Industry Context
Velo3D, Inc. operates in Metal Additive Manufacturing / Industrial Machinery Manufacturing.
Key facts
Founded: 2014 · Headquarters: Fremont, California, US · Revenue: $41.0M (2024) · Market cap: $86.5M