Now that we’ve had a chance to notify our NVBOTS investors, we are excited to announce that NVBOTS has secured a Series A financing round led by Woodman Asset Management. In addition, the company has named Duncan McCallum the new CEO of NVBOTS. McCallum is an entrepreneur and former VC with Bessemer Venture Partners and Flagship Ventures. His predecessor, founder CEO AJ Perez, will now serve as Chairman of the company. You can read more in the company’s press release from last week.
NVBOTS, which stands for New Valence Robotics, develops and manufactures 3D printers, and has a patent-pending process for automated part removal. The company, which was founded in 2013, is also perfecting an ultra-high speed printer that uses a cost-effective additive technology to print parts comprised of multiple metals. According to Perez, “Not only are we disrupting the 3D printing industry, we are solving the toughest problems in additional markets, such as the metal castings sector, which will have a significant impact on medical, automotive and aerospace industries, among others.”
MicroVentures originally invested in the company in December 2014 with a convertible note. Our fund will continue to hold the NVBOTS stock until a possible future liquidity event. We wish the NVBOTS team continued success with their product development, and we’re looking forward to seeing the impact their multi-metal technology will have on the 3D printing industry!
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