Next-Gen Manufacturing Platform Goes
Mainstream with Scaled Global Operations:
ARRIS® Technology Powers Up for Accelerated
Adoption in Key Markets
BERKELEY, Calif., April 30,
2024 /PRNewswire/ -- ARRIS®, an
advanced manufacturer with a breakthrough technology enabling the
highest-performing fiber-reinforced composites at scale, today
announced that it has raised $34
million in its latest fundraising round.
Next-Gen Manufacturing Goes
Mainstream: ARRIS Technology Powers Up with New Strategics in
Consumer and Aerospace Markets
The round saw participation from new and returning investors,
including ST Engineering, Zebra Technologies, Youngone,
Standard Industries, Vertex Exploratory Fund, NEA, XN, Taiwania
Capital, Bosch Ventures, Modern Venture Partners (MVP), and Alumni
Ventures Group (AVG).
- People benefit from the capabilities of ST Engineering
nearly every day—one of the largest independent providers of
commercial airframe maintenance services in the world.
- People interact with Zebra Technologies nearly every
day—the enterprise solutions company is a market leader in barcode
printers, scanners, RFID readers, and mobile computing solutions
for customers throughout the supply chain, including retail,
manufacturing, and transportation and logistics companies.
- People experience the continuous innovation of
Youngone nearly every day—the pioneering company works with
major consumer brands focusing on outdoor/athletic apparel,
materials, gear, and footwear.
Funding will be used to build on the ARRIS' success in scaling
its global operations.
- In November of 2023, Brooks
Running revealed the Hyperion Elite 4 performance
running shoe featuring a cutting-edge ARRIS carbon fiber plate.
Following the product release of Hyperion Elite 4 in February 2024, the highly reviewed shoes are in
high demand.
- In January 2024, ARRIS launched a line of next-gen carbon
fiber bicycle spokes that are 2.7x stronger gram for gram than the
best-in-class aero spoke in the market today.
- In the summer of 2024, an industry-leading bicycle brand will
release one of its top, award-winning bicycles that features
an ARRIS bracket.
Fueling the company's growth includes continued
performance-driven innovation, strategic go-to-market initiatives,
and the expansion of ingredient brand partnerships with an emphasis
on expanding consumer products (e.g., footwear, bicycles, portable
electronics) and aerospace applications.
"The use of composite structures in aerospace
applications offers a compelling combination of weight savings,
strength, durability, and environmental sustainability. Through our
investment in ARRIS, we will jointly develop innovative composite
products that elevate ST Engineering's aerospace solutions,
providing more value add and benefits to our customers," said
Jeffrey Lam, President of Commercial
Aerospace at ST Engineering.
"ARRIS' dedication to hard work, innovation,
and sustainability aligns with our foundational principles—we take
pride in our reputation as a continuous pioneer, and ARRIS is on a
similar path," said Rae Eun Sung,
Group Vice Chairman and CEO of Youngone Holdings. "We see the
expansive potential in cutting-edge composites and look to ARRIS
for novel product differentiation."
Founded in 2017, the ARRIS Technology team created a new
manufacturing category called Additive Molding by pioneering the
development of patented software, materials, and high-volume
production methods that prioritize specific stiffness and strength.
New levels of product performance are now possible with this
first-of-its-kind advanced manufacturing platform, enabling
continuous fiber-reinforced thermoplastic composite structures that
are lighter and more sustainable.
ARRIS ranked as one of Fast Company's "10 Most Innovative
Manufacturers" and has earned the BIG Innovation Award four years
straight from the Business Intelligence Group—the most recent award
announced in 2024 recognizes ARRIS MTO Spokes (Made To
Outperform®). Learn more at arriscomposites.com.
ABOUT
ARRIS® Technology enables unmatched
performance with a patented advanced manufacturing technology
platform that prioritizes specific stiffness and strength in novel
ways for footwear, bicycles, portable electronics, automotive,
aerospace, and industrial markets. Team ARRIS® created a new
manufacturing category called Additive Molding, a first-of-its-kind
software, materials, and high-volume production approach to
continuous fiber-reinforced thermoplastic composite structures.
Get the latest at arriscomposites.com/news.
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info@arriscomposites.com
510.730.0067
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SOURCE ARRIS Composites, Inc.