Velo3D Business Summary

Velo3D, Inc. (VELO) is a leading provider of advanced metal additive manufacturing (AM) solutions, specializing in the production of mission-critical, high-complexity parts for the aerospace, defense, space exploration, and energy sectors. The company generates revenue through a hybrid model comprising the sale of its Sapphire family of laser powder bed fusion (LPBF) printers, recurring maintenance and service contracts, and the sale of proprietary Flow print preparation and Assure quality control software. A strategic pivot in 2025 expanded its revenue streams to include Rapid Production Services (RPS), a service-driven initiative focused on high-margin, recurring production for defense and space primes. Velo3D competes directly with industry incumbents such as 3D Systems, Desktop Metal, EOS, and SLM Solutions, distinguishing itself through its "support-free" printing architecture that enables the manufacture of geometries previously impossible with traditional AM technologies. Following a major 2025 restructuring under majority owner Arrayed Additive, the company has focused on aluminum and magnesium alloy specialization to capture niche high-performance markets. Velo3D was founded in 2015 by Benny Buller and Erel Milshtein, both of whom brought deep expertise from the semiconductor and laser industries. As of February 2026, the leadership team is headed by CEO and Chairman Arun Jeldi, who previously led Arrayed Additive and spearheaded Velo3D’s 2025 financial turnaround. The executive suite includes Chief Technology Officer Darren Beckett, Chief Operating Officer Brad Kreger (formerly Interim CEO), and Chief Revenue Officer Michelle Sidwell, who oversees the firm's expanding defense and aerospace partnerships. The company is currently 95% owned by Arrayed Additive Inc. following a significant debt-for-equity exchange, with early backing from notable venture firms such as Bessemer Venture Partners and Lam Research Capital. The Board of Directors features industry veterans including Stefan Krause, former CFO of Deutsche Bank and BMW, and Dr. Adrian Keppler, the former CEO of EOS, providing the firm with significant institutional pedigree in global manufacturing and automotive finance.