BOSTON – (August 18, 2016) – NVBOTS, the only provider of Built to Share™ automated 3D printing solutions, today announced Series A financing led by Woodman Asset Management that will fuel sales of its NVPro plastics printers and the development of its new multi-metal printers. The company also announced the addition of Duncan McCallum as CEO. AJ Perez, founding CEO of NVBOTS, has been elevated to Chairman and will lead NVLABS.
“We are pleased to lead the NVBOTS financing,” said Dr. Alexander J. Bischoff, Head of Venture Capital at Woodman. “The market for cost-effective, fast, and automated 3D printers is well over $10 billion. NVBOTS, with its established NVPro plastics printing platform, high-speed metal printing technology, and exceptional team, is poised to lead this rapidly growing category.”
“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 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.”
Duncan McCallum is an experienced CEO with over two decades of success launching, leading and financing new ventures. Previously, as CEO, Duncan co-founded, built and sold two companies (Cilk Arts, VeloBit). Earlier in his career, Duncan was a venture capitalist at Bessemer Venture Partners, leading early stage investments in 16 companies that have produced an aggregate market capitalization in excess of $1.5 billion. “I am fortunate to help lead the next phase of growth at NVBOTS,” said McCallum. “I’ve seen few opportunities that are as large and compelling.”
NVBOTS’ highly successful NVPro 3D plastics printers deliver value for more than 50 organizations – including Hypertherm and Staples – that require a 3D printer that is Built to Share™. 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. Markets that will benefit from the new metals technology include the Aerospace & Defense, Automotive, Industrial and Medical industries.
About Woodman Asset Management
Woodman Asset Management AG was founded in 2011 as part of a Zug based Multi-Family Office and is owned 100% by Woodman Group. Since inception, the firm has successfully launched a broad range of financial products within the public and private investment space. For the Woodman Group, assets under management totaled approximately USD 2.6 billion at the end of December 2015. For more information, please visit: woodman.ch.
NVBOTS® provides automated 3D printing solutions that deliver high throughput production of parts in a wide range of both metals and plastics. The company’s NVPro plastic printer is Built to Share™. It offers the only automated part removal in the industry, and is paired with NVCloud software that allows users to print parts anytime, from any cloud-connected device – while providing administrators with full workflow control. These capabilities make the NVPro uniquely suited for continuous, 24-7 operation in multi-user environments. NVBOTS metal printers, in development, marry the NVPro platform with the proprietary Metal Additive Deposition (MAD) process – a multi-metal solution that prints 10x faster than any alternative, while dramatically reducing cost and power consumption. NVBOTS is headquartered in Boston, MA. For more information, visit www.NVBOTS.com or follow us on Twitter @NVBOTS and on LinkedIn.
Duncan McCallum, CEO
New Valence Robotics Corporation
Jennifer Meyer, for NVBOTS