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- ARRIS
ARRIS Valuation, Funding & Investors
ARRIS is valued at $187M as of April 2024.
Last ARRIS valuation
$187M
Undisclosed stage · Apr 2024
Last ARRIS funding round
$34M
Undisclosed stage · Apr 2024
Cumulative funding ARRIS raised
$239M
across 6 funding rounds
Key investors in ARRIS
Alumni Ventures
New Enterprise Associates
Taiwania Capital Management Corporation
MVP Ventures
Valo Ventures
XN
About ARRIS
ARRIS is a Woburn-based composites technology company developing additive molding for continuous fiber thermoplastic parts. Its process aligns fibers in 3D structures integrating electronics and metals for aerospace and automotive applications. Scaling production since 2020, ARRIS supplies lightweight components to OEMs like Airbus and Ford with facilities in Massachusetts.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$187M (Apr 2024)
ARRIS Valuation
ARRIS is currently valued at $187M, based on its undisclosed-stage round in April 2024.
The $34M round included XN, ST Engineering, New Enterprise Associates, Bosch Ventures, MVP Ventures and 6 other investors.
ARRIS valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2024 | Undisclosed stage | $187M |
ARRIS Funding History
ARRIS has raised a total of $239M across 6 funding rounds.
ARRIS's first fundraising round was a $10M Series A in May 2019. The most recent completed round was a $34M undisclosed-stage round in April 2024.
ARRIS funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2024 | Undisclosed stage | XN; ST Engineering; New Enterprise Associates; Bosch Ventures; MVP Ventures; Zebra Technologies; Taiwania Capital Management Corporation; Youngone Holdings; Alumni Ventures; Standard Industries; Vertex Growth Fund | $34M | $187M | ARRIS Composites is an advanced manufacturer based in Berkeley, California, specializing in Additive Molding technology for producing high-performance 3D-aligned continuous fiber thermoplastic composite parts at scale, targeting markets like aerospace, consumer goods, footwear, bicycles, and portable electronics. Founded in 2017 by Erick Davidson, Ethan Escowitz, and Riley Reese, the company has gained recognition including Fast Company’s '10 Most Innovative Manufacturers' and multiple BIG Innovation Awards. Recent product highlights include carbon fiber plates in Brooks Running's Hyperion Elite 4 shoes launched in February 2024 and next-gen bicycle spokes that are 2.7x stronger than competitors, with more bike products planned for summer 2024. On April 30, 2024, ARRIS closed a $34 million Series C - III (or Senior Series C-1 per some sources) funding round with participation from investors including Alumni Ventures, Bosch Ventures, MVP Ventures (Modern Venture Partners), New Enterprise Associates (NEA), ST Engineering, Standard Industries, Taiwania Capital, Vertex Growth/Exploratory Fund, XN (Financial), Youngone Holdings, and Zebra Technologies. This 'additional' round brings total funding raised to between $199.4M and $216.7M across 7 rounds, with proceeds aimed at scaling global operations, accelerating adoption in aerospace and consumer markets, performance-driven innovation, go-to-market initiatives, and expanding ingredient brand partnerships. Strategic investors like ST Engineering (airframe maintenance) and Zebra Technologies (scanners and mobile computing) highlight applications in those sectors. As of the round date, ARRIS was valued at $187.1M post-money according to private market data, with a capital efficiency ratio of 0.94x total capital raised, positioning it as a leader in composites amid investor confidence in growth potential. The funding underscores ARRIS's traction through commercial wins like Brooks Running and bike components, with emphasis on sustainability, weight savings, strength, and durability in aerospace and consumer products. |
| May 2023 | Undisclosed stage | ATEL Growth Capital | $52M | - | - |
| Nov 2021 | Series C | XN (lead); New Enterprise Associates; MVP Ventures; Taiwania Capital Management Corporation; Alumni Ventures; Valo Ventures; Bosch | $89M | - | ARRIS is an advanced manufacturer specializing in high-performance composites using its proprietary Additive Molding technology, enabling new design possibilities for mass-market consumer products, transportation, and industrial applications. The company focuses on producing smarter, lighter, stronger, and more sustainable products through medium- to high-volume production capabilities. In November 2021, ARRIS announced a Series C funding round of $88.5 million led by XN, with participation from investors including Alumni Ventures, Bosch, MVP Ventures (Modern Venture Partners), New Enterprise Associates (NEA), Taiwania Capital, and Valo Ventures. This brought total funding to $147 million, including prior support from strategic investors like Standard Industries, Chuo Malleable Iron, and an undisclosed portable electronics company. The funding is designated to scale ARRIS's global operations, including U.S. manufacturing and a new mass-production facility overseas, to meet growing demand for its unique design and manufacturing capabilities. At the time, ARRIS was at an inflection point with customers achieving design awards and industry recognition for ARRIS-enabled products. XN's involvement was highlighted for its expertise in scaling durable businesses, supporting ARRIS's expansion of composite materials across critical industries for commercial and sustainability gains. Later developments include additional Series C extensions, with a Series C - III round of $34 million on April 30, 2024, involving overlapping investors, and a reported valuation of $187.1 million as of May 2024, alongside total funding reaching approximately $199.4 million. |
| Apr 2020 | Series B | Taiwania Capital Management Corporation (lead); Purple Arch Ventures; New Enterprise Associates; Strawberry Creek Ventures; Total Access Fund; Green D Ventures; Congress Avenue Ventures; Alumni Ventures; Blue Ivy Ventures; Valo Ventures; Nassau Street Ventures; Chestnut Street Ventures | $49M | - | Arris Composites, a Berkeley, California-based developer of high-performance composites manufacturing technology, raised $48.5 million in Series B funding in April 2020. The round was led by Taiwania Capital, with participation from returning investor New Enterprise Associates (which had led the company's $10 million Series A round in January 2019), alongside Valo Ventures and Alumni Ventures Group. Carl Bass, former Autodesk CEO, joined the board as an independent member, having been involved with Arris as an angel investor and advisor since 2017. Arris specializes in Additive Molding, a proprietary manufacturing process that enables the production of high-performance carbon fiber composite parts with precise fiber alignment and embedded electronic components. The technology targets applications across consumer electronics, automotive, and aerospace industries. The company's fastest-growing market segment is consumer electronics, where devices are being designed to be lighter, smaller, and smarter with rapid product refresh cycles. With the Series B funding, Arris planned to expand its proprietary composite manufacturing capabilities and open new facilities in the United States and Taiwan, with the Taiwan facility specifically designed to serve the consumer electronics industry. The company emphasized its ability to produce consumer electronics products that were not possible with previous manufacturing technologies, and highlighted its development of recyclable composites using a circular design approach where waste from current products becomes feedstock for future products. |
| Feb 2020 | Series A | Alumni Ventures | $6M | - | - |
| May 2019 | Series A | New Enterprise Associates (lead) | $10M | - | Arris Composites raised $10 million in a Series A funding round on May 20, 2019, led by New Enterprise Associates. The company pioneers next-generation composites for mass-market applications in automotive, consumer electronics, and aerospace. Founders Ethan Escowitz, Riley Reese, and Erick Davidson bring experience from Tesla, Apple, Google, Boeing, and others. Advisors and investors include former Autodesk CEO Carl Bass and Jeff Immelt, former GE CEO. The funding supports Arris's high-volume manufacturing process for lightweight, high-performance carbon fiber products. Arris later secured a $48.5 million Series B in 2023 led by Taiwania Capital, with participation from NEA, Valo Ventures, and Alumni Ventures Group, to expand facilities in the U.S. and Taiwan. |
Who has invested in ARRIS?
22 investors have backed ARRIS across its funding rounds, including Alumni Ventures, New Enterprise Associates, Taiwania Capital Management Corporation, MVP Ventures, Valo Ventures and XN.
Lead investors include XN, Taiwania Capital Management Corporation and New Enterprise Associates.
ARRIS Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | May 2019 | ||
| 4 | Participant | Feb 2020 | ||
| 3 | Lead | Apr 2020 | ||
| 2 | Lead | Nov 2021 | ||
| 2 | Participant | Nov 2021 | ||
| 2 | Participant | Apr 2020 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Apr 2020 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Apr 2020 | ||
| -- | 1 | Participant | Apr 2020 | |
| 1 | Participant | Apr 2024 | ||
This data is available for Pro users. Sign up to see all 22 ARRIS investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialARRIS Competitors
ARRIS competitors include listed companies like Titomic and 6K Additive, and private ones like Graphene Composites, Wellari, 6K and VulcanForms.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $6M | ($14M) | $159M | 15.3x | ||
| Publicly listed | $18M | ($13M) | $142M | 4.9x | ||
| Private | - | - | $122M | - | ||
| Private | - | - | $302M | - | ||
| Private | - | - | $83M | - | ||
| Private | - | - | $1B | - |
ARRIS Public Comps
ARRIS is still privately-owned, but its public comps include NanoXplore, Metal Powder Works, Norsk Titanium, Alia Mentis, Titomic, Canatu, Accsys, Xaar, 6K Additive and Electrovac.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $82M | $1M | 2.6x | 2.5x | 194.9x | 97.4x | |||
| $1M | ($7M) | 170.0x | 66.0x | (27.7x) | (60.9x) | |||
| $3M | ($54M) | 43.8x | 22.9x | (2.8x) | (5.9x) | |||
| $16M | $9M | 11.2x | - | 20.3x | - | |||
| $6M | ($14M) | 27.9x | 15.3x | (11.7x) | (12.8x) | |||
| $18M | ($10M) | 7.5x | 9.0x | (13.7x) | (7.9x) | |||
| $177M | $16M | 1.6x | 1.5x | 17.6x | 10.2x | |||
| $81M | $1M | 1.8x | 1.6x | 135.3x | 25.6x | |||
This data is available for Pro users. Sign up to see all ARRIS competitors and their valuation data. Start Free Trial | ||||||||
Common questions about ARRIS
| When was ARRIS founded? | ARRIS was founded in 2017. |
| Where is ARRIS headquartered? | ARRIS is headquartered in San Francisco, CA, United States. |
| Is ARRIS publicly listed? | No, ARRIS is a private, VC-backed company. |
| What is ARRIS's valuation? | ARRIS was last valued at $187M in its undisclosed-stage round in April 2024. |
| How much funding has ARRIS raised? | ARRIS has raised $239M across 6 funding rounds. |
| What was ARRIS's last funding round? | ARRIS's last funding round was a $34M undisclosed-stage round in April 2024. |
| Who are ARRIS's investors? | ARRIS's investors include New Enterprise Associates, Alumni Ventures, Taiwania Capital Management Corporation, XN, MVP Ventures, Valo Ventures, ST Engineering, Purple Arch Ventures, ATEL Growth Capital, Bosch Ventures and 12 others. |
| Which companies are comparable to ARRIS? | Companies comparable to ARRIS include Titomic, 6K Additive, Graphene Composites, Wellari, 6K and VulcanForms. |
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