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Ventura-based XponentialWorks Doubles Size of Innovation Labs, Opens Facility Focused on Creating New Manufacturing 4.0 Jobs and Tech
VENTURA, Calif.–(BUSINESS WIRE)–XponentialWorks, a venture, advisory and product development company specializing in artificial intelligence, digital manufacturing, 3D printing, robotics and the digital transformation of traditional businesses, today announced the expansion of its Ventura-based Innovation Labs and the opening of a new manufacturing facility that will see its floor space double. The expansion reflects the rapid growth and expansion of XponentialWorks’ portfolio companies as each company is commercializing their products and services. XponentialWorks expects that this expansion will create dozens of new high-tech and Manufacturing 4.0 jobs, and enhance the innovation and manufacturing infrastructure for the benefit of its portfolio companies, including NXT Factory, Nexa3D and Apollo Robotics, to scale their commercial and manufacturing activities.
XponentialWorks was founded by CEO Avi Reichental, a pioneer of 3D printing technology, futurist, serial entrepreneur and inventor. Since its founding in 2015, XponentialWorks has created dozens of high-tech jobs in Ventura as it has steadily built one of the most powerful generative design and additive manufacturing companies, harnessing the power of digital manufacturing and autonomous robotics. With its current expansion, the company expects to create more than 100 jobs within the next year. XponentialWorks is actively recruiting business and engineering professionals and interns, and invites interested candidates to visit the XponentialWorks website to apply – www.xponentialworks.com
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As XponentialWorks portfolio companies commercialize their products, the expanded manufacturing facility brings increased sourcing and supply chain activities to generate new business opportunities for local and regional hardware and software suppliers as well as services and support functions. With this manufacturing space and innovation lab, Reichental is leading the charge to make Ventura County an attractive alternative to Silicon Beach as a new hub for high-tech focused on reviving and expanding the manufacturing space. The Gold Coast offers distinct advantages with lower facility and operational costs while drawing on a large talent base with UC Santa Barbara nearby. The company is expanding its manufacturing operations and looking for additional quality suppliers (For details please contact amir@xponentialworks.com).