Direct-To-Shape Digital Printing Tech Startup Velox Raises $32M

Israeli startup Velox, a digital printing technology company, announced this week that it has secured a $32 million funding round co-led by JAL Ventures and ORT Technologies and joined by strategic investors ALTANA, Evonik as well as existing investors Michael Ilan Management & Investments Ltd. (MILMI), Dr. Shlomo Shamir, and additional private investors.

Velox develops and manufactures industrial-grade direct-to shape digital decoration solutions for the container industry. It developed proprietary DTS-Inkjet technology, based on uniquely formulated inks and dedicated deposition architecture.

“This investment signifies a new chapter in the company evolution and will be used to accelerate our go-to-market strategy, as well as strengthen our technology leadership,” said Marian Cofler, Velox’s CEO and co-founder, in a statement.

Based in Rosh Haayin, Velox was founded in 2012 and has raised $45 million to date.