BOSTON, MA - (February 10, 2015) – NVBOTS, creator of the world’s first fully-automated 3D printer, today announced it has secured a $2 million seed funding round, oversubscribed by domestic and international investors. As part of the round, Dr. Michael Foley, manufacturing expert, MIT faculty member and former CEO of Reflexite (sold to Orafol), will be joining the board of directors. NVBOTS will be using the funds to support business development and NVPro production efforts. The funding comes on the heels of additional leadership milestones, including COO Chris Haid being named to the Forbes list of 30 under 30 leaders in manufacturing.
“NVBOTS is delivering on the promise of 3D printing unlike any other company, by empowering young innovators with the proven 3D printing capabilities needed to turn their ideas into reality,” said Foley. “The NVBOTS team is passionate about making 3D printing accessible to everyone, regardless of background, and I am proud to help them deliver on their vision.”
NVBOTS offers an easy-to-use and easy-to-share 3D printing experience, based on the NVPro 3D printer, the first end-to-end 3D printing solution with automated part removal. Paired with the NVBOTS cloud-based interface, the NVPro runs continuously, 24-7 from any device. NVBOTS aids educators in adopting the versatile technology by providing educational modules designed with Common Core Standards and Next Generation Science Standards in mind.
“NVBOTS is enabling students to succeed in the classroom, at home and in life, by giving them technology that allows them to innovate in ways never before thought possible” said CEO AJ Perez. “We are excited about the close of this round and look forward to working with seasoned entrepreneurs such as Mike Foley, as we lead the way in democratizing 3D printing.”
To see the NVPro printer in action and hear how it is already impacting students, watch the company’s recent feature on Xploration Earth 2050.