His parents hoped he would become a Rabbi and sent him to religious school to study. Avi rebelled so his parents sent him to military school, which prepared him for his service as a helicopter mechanic in the Israeli Air Force and was the start of his exposure into engineering, science and technology. Little did Avi know that this was a decision that would pave his future career path.
It is safe to say that Avi Reichental, now one of the world’s leading authorities on business digitalization and exponential-tech convergence, has never looked back. He is currently the Founder of XponentialWorks, a venture investment, advisory and product development company founded in 2015, unique in its collider-business model of bringing together traditional mid-market manufacturing companies with transformative startups to accelerate value creation.
Yet his career began exceptionally humbly when he followed a love interest to the US and having no work or income, mopped floors for a nursing home in New York City while working as a maintenance shift mechanic in various factories.
However this didn’t last long as experience and talent soon ensured he landed a job at Sealed Air, the company that invented bubble wrap, as a Development Project Engineer. The company provided Avi with the right opportunities in business development. He ran the entire tech organization and headed the operational department of complete regions. He also became knowledgeable about sales, marketing and product management. Avi remained at Sealed Air for 22 years and rose through the ranks to become one of the company’s top executives, and the youngest corporate officer in the company.
Towards the end of his tenure with Sealed Air, in September 2003, Avi was headhunted to join a company called 3DSystems, that at the time was millions of dollars in debt and that “did something called 3D printing”, an as yet unheard of phenomenon. He decided to take a risk and leave the safety net of the organization in which he had successfully progressed, thinking that his role would last up to a year. It lasted 12. Avi served as 3D Systems (NYSE:DDD) President, Chief Executive Officer and Director. Under Avi’s leadership, 3D Systems emerged as a formidable global 3D printing provider with revenue growth exceeding 6 fold and market valuation growing over 12 fold. During his tenure the company was ranked the 13th most Innovative Growth Company in the world by Forbes in 2014 and was named the 5th Fastest Growing Company in the U.S. and the country’s 2nd Fastest Growing Tech Company by Fortune Magazine in 2013.
This role opened up to Avi the high tech world, and the possibilities of entrepreneurship, which until then had never existed for him. He realized he had a passion for, and significant contributions to make to the industry. To this day, Avi remains a hands on inventor with over 35 patents credited to his name. He has also spent his career foretelling the convergence of exponential technologies and its unlimited potential with insights that are sought out by numerous organizations including Ag-Tech IoT leader Centaur.
Avi holds many other senior positions. He is CEO, Chairman and Co-Founder of 3D printing disruptor Nexa3D; a leading 3D printing electronics provider; and serves as a member of the XPRIZE Innovation Board, until February 2020 he was also a Trustee of the Cooper Hewitt, Smithsonian Design Museum. Avi was until December 2019 Vice-Chairman of Techniplas, a leading global design and manufacturing provider of automotive products and CEO of Techniplas Digital, a digital innovation and transformation unit, and Chairman of Nano Dimension. Avi was also a General Partner at OurCrowd’s Cognitiv Ventures, Israel’s most active early-stage venture fund until October 2019 and previously sat on the Board of Directors of Harman International (NYSE: HAR) a leading provider of connected products until its acquisition by Samsung Electronics.
Holding numerous accolades to his name, Avi was listed as one of the Top 25 Makers Who Are Reinventing the American Dream by Popular Mechanics Magazine in 2014. The same year he delivered a visionary TED talk titled ‘what’s next in 3D printing’, seen by over 2.5 million viewers.
With contacts across the globe, from North America to Europe and Asia, Avi’s day might begin early, but it always starts with a good treadmill workout and a strong cup of coffee. He has over time learned how to manage the minutes, and still has a few spare hours to indulge in his passion for restoring vintage cars and making wine. He also loves riding horses and cooking.