DCE-DTU Alumni Andy Kalambi (Mech Engineering) CEO of RIZE INC got $15 million series B funding.


 

 

Boston headquartered 3D printer OEM RIZE Inc. announces the successful raising of $15 million in series B funding. The money was contributed by four new partners: Boston VC Innospark Ventures, Gururaj ‘Desh’ Deshpande’s private investment company Sparta Group LLC, tech investment specialist Converge and leading 3D software company Dassault Systèmes. Funds raised will contribute to RIZE’s continued development and marketing of Augmented Polymer Deposition (APD) technology, through the RIZE ONE and XRIZE systems, with the aim of increasing industrial adoption of 3D printing.

 

Mr. Kalambi, who joined RIZE as President and CEO in November 2017, is also the former Global Vice President of Dassault’s 3DEXPERIENCE Platform. Speaking at the time of his appointment, Kalambi said that one of his goals would be to “ensure that this product,” i.e. the Rize One, “gets into the hands of users and customers who [can see] its usage and its value.”

 

Source :  https://3dprintingindustry.com/news/dassault-systemes-one-of-four-investors-in-rizes-15-million-series-b-148918/

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