XponentialWorks, Ventura, California, USA, a venture, advisory and product development company specialising in Additive Manufacturing, artificial intelligence, digital manufacturing and robots, is to expand its Venture-based Innovation Labs and open a new manufacturing facility set to double its floor space. The expansion is said to reflect the rapid growth and expansion of the XponentialWorks portfolio as each company commercialises its products and services.
XponentialWorks was founded by CEO Avi Reichental in 2015, and has since built a portfolio of generative design and Additive Manufacturing companies which take advantage of the potential of digital manufacturing and autonomous robotics. Among the XponentialWorks portfolio is Paramatters, a provider of software for generative design, autonomous topology optimisation, parts consolidation and lightweighting for Additive Manufacturing and other manufacturing technologies, and plastic AM machine maker Nexa 3D.
As XponentialWorks’ portfolio companies commercialise their products, the expanded manufacturing facility is expected to bring increased sourcing and supply chain activities to generate new business opportunities for local and regional hardware and software suppliers, as well as services and support functions.
“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,” stated Reichental. “Each of our portfolio companies now has greater resources to develop, manufacture and scale their commercialisation 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.”