Velox (Rosh Ha & # 39; Ayin, Israel), developer of the world's only mass production, direct-to-shape (DTS) digital printing technology, completed a $ 32 million financing round co-led by JAL Ventures and ORT Technologies, together with strategic investors Altana, Evonik and existing investors Michael Ilan Management & Investments, Dr. ir. Shlomo Shamir and other private investors. Now that equipment has been commercially implemented and multiple high-quality strategic global accounts are secured, Velox is currently seen as a major player in this industry segment. The uniquely formulated inks and Velox's own printing process make it possible to make digital printing from the domain of the special editions to the mass-making decoration market. The Velox technology, especially the Velox IDS250 Digital Decorator, can operate at a full production line speed of up to 250 containers per minute at high quality, with 15 colors being printed simultaneously with embellishments – including photo-realistic images, tactile embossing, no seam and tube. to print -cap. "This means that for the first time, brand owners can come up with a design for mass production without restrictions," the OEM added.
Velox said it will use part of this investment to further fuel its technological development, but the majority will be used to accelerate market penetration and customer acquisition. "Velox's industrial digital decoration solution offers an end-to-end replacement of existing decoration technologies in terms of quality, production speed and total cost of ownership, in addition to the greatest flexibility and efficiency."
"This investment marks a new chapter in the evolution of the company and will be used to accelerate our go-to-market strategy and strengthen our technological leadership," said Marian Cofler, CEO and co-founder of Velox. "We are proud that such a group of strategic and financial investors have shown their confidence in Velox and its future." Velox develops and produces industrial, direct-to-form digital decoration solutions for the rigid container industry. The proprietary DTS inkjet technology, based on uniquely formulated inks and special deposition architecture, "introduces a completely new and disruptive approach to digital printing in the packaging decoration market." Velox's industrial digital decorator delivers superior decoration quality and capabilities at full production speed. to outperform the benefits of analog printing solutions, while enabling a more efficient and flexible production process and low total cost of ownership, "added the company.