ARRIS Valuation, Funding & Investors

ARRIS is valued at $187M as of April 2024.

See full ARRIS profile

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

ARRIS Overview

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

United StatesSan Francisco, CA

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

ARRIS valuation by funding round
DateStageValuation
Apr 2024Undisclosed 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

ARRIS funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2024Undisclosed stageXN; 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$187MARRIS 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 2023Undisclosed stageATEL Growth Capital$52M--
Nov 2021Series CXN (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 2020Series BTaiwania 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 2020Series AAlumni Ventures$6M--
May 2019Series ANew 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

Investors in ARRIS by funding rounds participated
InvestorHQRoundsRoleFirst check
New Enterprise AssociatesUnited StatesSan Francisco, CA4LeadMay 2019
Alumni VenturesUnited StatesUnited States4ParticipantFeb 2020
Taiwania Capital Management CorporationTaiwanTaipei3LeadApr 2020
XNUnited StatesNew York City, NY2LeadNov 2021
MVP VenturesUnited StatesSan Francisco, CA2ParticipantNov 2021
Valo VenturesUnited StatesSan Francisco, CA2ParticipantApr 2020
ST EngineeringSingaporeSingapore1ParticipantApr 2024
Purple Arch VenturesUnited StatesChicago, IL1ParticipantApr 2020
ATEL Growth CapitalUnited StatesSan Francisco, CA1ParticipantMay 2023
Bosch VenturesGermanyGermany1ParticipantApr 2024
Strawberry Creek VenturesUnited StatesSan Francisco, CA1ParticipantApr 2020
Total Access Fund--1ParticipantApr 2020
Zebra TechnologiesIsraelPetah Tikva1ParticipantApr 2024

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ARRIS Competitors

ARRIS competitors include listed companies like Titomic and 6K Additive, and private ones like Graphene Composites, Wellari, 6K and VulcanForms.

Public and private companies comparable to ARRIS
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
TitomicUnited StatesUnited StatesPublicly listed$6M($14M)$159M15.3x
6K AdditiveUnited StatesUnited StatesPublicly listed$18M($13M)$142M4.9x
Graphene CompositesUnited KingdomWeymouthPrivate--$122M-
WellariChinaXuzhouPrivate--$302M-
6KUnited StatesUnited StatesPrivate--$83M-
VulcanFormsUnited StatesUnited StatesPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
NanoXplore$82M$1M2.6x2.5x194.9x97.4x
Metal Powder Works$1M($7M)170.0x66.0x(27.7x)(60.9x)
Norsk Titanium$3M($54M)43.8x22.9x(2.8x)(5.9x)
Alia Mentis$16M$9M11.2x-20.3x-
Titomic$6M($14M)27.9x15.3x(11.7x)(12.8x)
Canatu$18M($10M)7.5x9.0x(13.7x)(7.9x)
Accsys$177M$16M1.6x1.5x17.6x10.2x
Xaar$81M$1M1.8x1.6x135.3x25.6x

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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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