The round saw participation from new and returning investors, including ST Engineering, Zebra Technologies, Youngone, Standard Industries, Vertex Exploratory Fund, NEA, XN, Taiwania Capital, Bosch Ventures, Modern Venture Partners (MVP), and Alumni Ventures Group (AVG).
Funding will be used to build on Arris’s success in scaling its global operations.
“The use of composite structures in aerospace applications offers a compelling combination of weight savings, strength, durability, and environmental sustainability. Through our investment in Arris, we will jointly develop innovative composite products that elevate ST Engineering’s aerospace solutions, providing more value add and benefits to our customers,” said Jeffrey Lam, president of Commercial Aerospace at ST Engineering, one of the world’s largest independent providers of commercial airframe maintenance services.
“Arris’s dedication to hard work, innovation, and sustainability aligns with our foundational principles—we take pride in our reputation as a continuous pioneer, and Arris is on a similar path,” said Rae Eun Sung, Group Vice Chairman and CEO of Youngone Holdings. “We see the expansive potential in cutting-edge composites and look to Arris for novel product differentiation.” Youngone works with major consumer brands focusing on outdoor/athletic apparel, materials, gear, and footwear.
