ARRIS, the advanced manufacturer enabling the use of high-performance composites with new design latitudes for mass-market consumer products, transportation, and industrial applications, has raised US$88.5 million in Series C funding. Led by XN, the round saw participation from new and returning investors, including Modern Venture Partners, New Enterprise Associates (NEA), Taiwania Capital, Bosch, Valo Ventures, and Alumni Ventures Group.
The latest funding will be used to further scale the company's global operations to fulfill an increasing demand for medium- to-high-volume production of products requiring ARRIS' unique design and manufacturing capabilities. ARRIS has now raised US$147 million to date, which includes support from strategic investors across the global manufacturing space, such as Standard Industries, Chuo Malleable Iron and an undisclosed portable electronics company, in addition to Bosch.
Founded in 2017, ARRIS pioneered the development of a patented end-to-end automated manufacturing technology that combines the best of advanced composites, additive and high-volume manufacturing methods to enable design latitudes not previously possible in mass-produced products. (£1.00 = US$1.35 at time of publication)
