XponentialWorks opens new manufacturing facility to aid commercialisation efforts of start-up network

XponentialWorks has announced the opening of a new manufacturing facility at its Ventura-based Innovation Labs. The development has seen floor space double and could create more than 100 high-tech and high-skilled jobs within the next 12 months. It coincides with the increasing commercial presence of the venture firm’s portfolio companies. As of June 2019, ParaMatters, Nexa3D and NXT Factory are all now shipping their products. XponentialWorks was founded in 2015 by former 3D Systems CEO Avi Reichental to assist a selection of start-up companies in developing and commercialising new additive manufacturing and industry 4.0 technologies. It also boasts partnerships with more experienced companies, helping to digitally transform those businesses, while linking them with its network of upstarts to test products, generate use case studies, and offer advice.