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XponentialWorks, a California-headquartered venture investment, advisory and product development firm for 3D printing and other Industry 4.0 technologies, has announced the expansion of its Innovation Labs based in Ventura, CA, with the opening of a new manufacturing facility. The new building will double its existing floor space, and was established to reflect the growth of XponentialWorks’ portfolio companies, which are beginning to commercialize their products and services.
Companies within XponentialWorks’ portfolio, like Nexa3D, will also benefit from the enhanced manufacturing infrastructure generated by the expansion, including an array of new Manufacturing 4.0 jobs. This will help to scale the companies commercial and manufacturing output.
Growth - Expansion - Validates - Site - Selection
“Our ongoing growth and expansion validates our initial site selection in Ventura and reflects the growing needs of our portfolio companies and the resilience and endurance of our unique business model,” explained Avi Reichental, CEO of XponentialWorks.
“EACH OF OUR PORTFOLIO COMPANIES NOW HAS GREATER RESOURCES TO DEVELOP, MANUFACTURE AND SCALE THEIR COMMERCIALIZATION EFFORTS AND MORE IMPORTANTLY, MORE OPPORTUNITY TO COLLABORATE AND COLLIDE WITH OTHER STARTUPS AND MATURE COMPANIES THAT TOGETHER ARE DEVELOPING GAME-CHANGING SOLUTIONS TO SOME OF SOCIETY’S BIGGEST CHALLENGES.”
Nexa3D - XponentialWorks - Photo - XponentialWorks
Nexa3D at XponentialWorks. Photo via XponentialWorks.
XponentialWorks was founded by Avi Reichental, former CEO of 3D Systems, in 2015. The company aims to develop digital manufacturing and autonomous robotic technologies, including additive manufacturing, by combining the innovation of startups with the experience of mature businesses within its infrastructure. It focuses on investing in startups to nurture their growth and success, while assisting large, mature companies with digitalization.
Expansion - Manufacturing - Facility - XponentialWorks - Increase
With the expansion of its manufacturing facility, XponentialWorks is aiming to provide an increase in sourcing and supply chain operations, while its portfolio companies undergo the commercialization of their products. This will help create business opportunities for hardware and software suppliers within local and regional areas.
Significantly, the expansion...
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