Desktop Metal Gets $115 Mln in Fresh Funding

Posted Date 07/18/17

In the latest sign of the potential that 3D printing with metal holds, a pure-play metal 3D printer maker, Desktop Metal, announced $115 million in a Series D funding, from investors including Google’s venture capital arm, Lux Capital, Shenzhen Capital Group, and even Saudi Aramco. The company now has $212 million funding and is itself valued at over $1 billion.

Desktop Metal has so far showcased two 3D printing systems, Studio System and Production System, which use two new 3D printing technologies, namely bound metal deposition, in the Studio System, and single pass jetting, in the Production System.

The Studio System targets small office environments, offering metal 3D printing at a low cost and significant ease of use. The Production System, for its part, is aimed at larger companies, offering speeds of up to 100 times more than competing laser-based 3D printers.

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