Velo3D

HardwareFremont, California, USAFounded 2014· One of 1636 Hardware companies tracked by AMPulse

Velo3D offers a comprehensive suite of advanced metal additive manufacturing solutions designed to produce complex, mission-critical parts without the need for internal support structures.

CEO / Founder: Arun Jeldi
Team Size: 201-500
Stage: Active
Total Funding: $304M
Latest Round: Strategic Investment
Key Investors: Khosla Ventures, Bessemer Venture Partners, Playground Global, Piva Capital, Strategic Development Fund (UAE), Arrayed Notes LLC, Institutional Investors

Technology & Products

Key Products

Velo3D offers a comprehensive suite of advanced metal additive manufacturing solutions designed to produce complex, mission-critical parts without the need for internal support structures.

Technical position · AMPulse analysis

Integrated process control system combining hardware and software (Flow™, Assure™, and Intelligent Fusion®) for high precision manufacturing.

Patent position

Velo3D filed 23 patent families in 2022 to 2024, up 28% on 18 in 2019 to 2021, while tracked AM filings in the same patent offices fell 20%. Its 84 total families trail EOS (185) and GE Additive (219). AMPulse analysis

Filing momentum: 23 families filed 2022–2024, 18 in 2019–2021 (+28%); all tracked AM filings in the same offices -20%
Process mix, 2019–2021 → 2022–2024: Powder bed fusion 86% → 92%
Focus, 2019–2021 → 2022–2024: Equipment 100% → 96%Materials 71% → 91%
Filed in: US 42%WO 37%EP 17%CN 5%
Named competitors, AM patent families: EOS 185 GE Additive 219

84 AM patent families in total. Recent years are still being published, so read a filing change against the same-office figure.

Differentiation

Value Proposition

Enables unprecedented design freedom and manufacturing of complex metal parts with minimal post-processing, reducing lead times and costs while ensuring consistent, high-quality production.

How They Differentiate

Focus on high-complexity, support-free metal printing with an integrated process control system that differentiates it from competitors emphasizing broader portfolios or traditional support-dependent methods.

Market & Competition

Target Customers

High-tech manufacturing companies in aerospace, defense, space, energy, and semiconductor industries.

Industry Verticals

Aerospace, Defense, Space, Energy, Industrial Manufacturing, Semiconductor Manufacturing Equipment

Competitors

SLM Solutions; EOS GmbH; GE Additive

Growth & Milestones

Growth Metrics

Quarterly revenue growth driven by system sales and recurring revenue streams, with ongoing efforts to achieve profitability post-restructuring.

Major Milestones

Development and commercialization of the SupportFree™ technology, Launch of the Sapphire printer family, Going public via SPAC merger in September 2021, International expansion into Europe and Asia, Launch of the Sapphire XC system, Securing key contracts in Space, Aerospace, Defense, and Energy sectors, Strategic review and financial restructuring in 2024

Notable Customers

SpaceX; Honeywell; Lam Research; Launcher; Boom Supersonic; Hermeus; Duncan Aviation; Knust-Godwin; PWR; Momentus

https://www.velo3d.com

Recent coverage of Velo3D

Velo3D names Terence Wynn interim CFO after James Suva's September 28 departurefinance.biggo.jpOct 6, 2026
Velo3D wins Mears Machine's sixth Sapphire XC order for dedicated copper-nickel productionindexbox.ioOct 6, 2026
Velo3D Sapphire XC prints 11-foot Aires Tide flight vehicle in modular Inconel 718 sectionsvoxelmatters.comAug 28, 2026
Velo3D opens 289,000 sq ft Forge 1 campus in Livermore for 40+ large-format LPBF systems3druck.comAug 6, 2026
Velo3D opens 289,000-sq-ft Forge 1 metal-AM production campus in Livermore, CA with 40 printers, targets 100+nanjixiong.comJul 20, 2026

Official records

Filings, certifications, and programme counts AMPulse can show for this company.

FY2025 financial performance

2025-01-01 to 2025-12-31 · USD · Consolidated company financials

Revenue growth (YoY): 12.12%
Operating margin: -119.46%
R&D / revenue: 23.17%

Annual comparison

Fiscal periods follow the company’s year end.
Period ending	Revenue	Growth	Operating margin	R&D / revenue
2025-12-31	USD 45,973,000	12.12%	-119.46%	23.17%
2024-12-31	USD 41,003,000	Unavailable	-192.17%	37.76%

[F] 2025 annual · USD 45,973,000
[F] 2024 annual · USD 41,003,000
[F] 2023 annual · USD 77,443,000
[F] 2022 annual · USD 78,706,000
[F] 2021 annual · USD 27,439,000
[F] 2020 annual · USD 18,975,000

[C] Formnext 2025 · exhibitor
[C] RAPID + TCT 2025 · exhibitor

AM patents

AM-relevant patents linked to this company.

Patents: 91
Granted: 17
Families: 84

Leading domains: process (90), equipment (80), material (74)

Filings by year: 2024: 1 · 2023: 14 · 2022: 8 · 2021: 12 · 2020: 2 · 2019: 4

ASPECTS OF THREE-DIMENSIONAL OBJECT FORMATION20240024953 · US2024-01-25
Three-dimensional printing systems and methods of their use12697684 · US2024-01-25
COORDINATED CONTROL FOR FORMING THREE-DIMENSIONAL OBJECTS03860830 · EP2021-08-11
MATERIAL MANIPULATION IN THREE-DIMENSIONAL PRINTING20220339822 · US2022-10-27
SKILLFUL ADDITIVE MANUFACTURING2023113990 · WO2023-06-22

Funding rounds

Private Placement of Common Stock$30.0M2025-12-22Lead: Institutional Investors
SPAC Merger/IPO$274M2021-09-29Lead: JAWS Spitfire Acquisition Corporation
Series D$28.0M2020-04-28Lead: Piva Capital
Series A$10.0M2015-01-20Lead: Sequoia
Seed$4.0M2014-07-15Lead: Angel Investor

Equipment deals on record

Publicly disclosed purchases or installs only.

Sapphire XC
1 systems · Not disclosed
2026-10-06Buyer: Mears Machine Corporation · Supplier: Velo3D
VELO XC; 500Q
5 systems · Not disclosed
2026-08-11Buyer: SBO AG, U.S. operations · Supplier: Renishaw
Sapphire XC
1 systems · Not disclosed
2026-07-07Buyer: Mears Machine Corporation · Supplier: Velo3D
Sapphire XC
1 systems · Not disclosed
2025-04-08Buyer: Mears Machine Corporation · Supplier: Velo3D
Sapphire XC
Not disclosed
2023-03-29Buyer: ADDMAN · Supplier: Velo3D

All equipment activity

Why this company matters

AMPulse analysis, not a company disclosure

Velo3D occupies a premium position in the metal additive manufacturing market by solving a persistent constraint in laser powder bed fusion: the need for internal support structures. Its proprietary SupportFree technology allows engineers to design geometries — such as large overhangs, internal channels, and low-angle features — that would otherwise require manual removal or be impossible to print. This shifts the value proposition from prototyping to production of mission-critical parts.

The company's core offering is the Sapphire family of metal LPBF systems, paired with a software stack that includes Flow for build preparation, Assure for in-situ monitoring, and Intelligent Fusion for closed-loop process control. Together, these tools aim to deliver repeatable, high-precision output with minimal post-processing. The integrated approach differentiates Velo3D from competitors like SLM Solutions and EOS, which typically offer hardware and software as separate components.

Customers include SpaceX, Honeywell, Lam Research, Boom Supersonic, and Hermeus, reflecting a concentration in aerospace, defense, space, energy, and semiconductor equipment manufacturing. These buyers use Velo3D printers to produce fuel injectors, heat exchangers, rocket engine components, and other complex metal parts where reliability and geometric freedom are critical. The company has also established partnerships with contract manufacturers such as ADDMAN Group and Vertex Manufacturing to scale production capacity.

Velo3D went public via a SPAC merger in 2021 and raised over $300 million from investors including Khosla Ventures and Bessemer Venture Partners. However, the company underwent a strategic review and financial restructuring in 2024, reflecting the capital-intensive nature of the metal AM hardware market and the challenge of achieving profitability at scale. Its long-term moat depends on whether SupportFree technology remains proprietary and whether customers continue to prioritize design complexity over lower-cost alternatives.