Velo3D (VLD) RedChip Future Tech Investor Conference summary

Company overview and technology

• Founded in 2014, headquartered in Fremont, CA, with 150 employees, focusing on metal additive manufacturing using laser powder bed fusion technology.

• Holds 64 issued and 51 pending patents, with proprietary Flow slicing and Assure quality assurance software developed in-house.

• Product line includes three Sapphire machine models, with the 1MZ offering the largest build volume.

Market focus and customer base

• Serves aerospace, defense, space, semiconductor, and energy sectors, with prominent clients like RTX, Sikorsky, and the U.S. military branches.

• Delivered machines to SpaceX for the Raptor engine and works with leading semiconductor equipment manufacturers.

• Operates a network of contract manufacturers for post-processing and machine deployment.

Strategic developments and business model transformation

• Raised $500M in capital by 2021, went public via SPAC, and was acquired 95% by Arrayed Additive in 2024, leading to a business model shift.

• Shifted from machine sales to a recurring revenue model, introducing Rapid Production Solutions (RPS) to deliver end products and reduce customer barriers.

• RPS now drives significant revenue, with 70% of new customers in the past year and a projected 60% revenue share by 2027/2028.