NVBOTS Announces Series A Financing and CEO Addition

NVBOTS announced Series A financing led by Woodman Asset Management that will fuel sales of its NVPro plastics 3d printers and the development of its new multi-metal 3d 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.

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