The metal printing technology producer increased its total funding to $138m in a round led by Petronas-sponsored Piva that included TNSC.

Piva, a venture capital firm investing on behalf of oil and gas supplier Petronas, led a $28m series D round yesterday for Velo3D, a US-based developer of metal additive manufacturing technology.

Industrial gas producer Taiyo Nippon Sanso Corporation (TNSC) also took part in the round, as did venture capital firms Bessemer Venture Partners (BVP), Playground Global and Khosla Ventures.

Velo3D has developed a 3D metal printer called Sapphire, a pre-print software platform dubbed Flow and quality management software under the…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.