3-D Printing Unicorn Desktop Metal Grabs Another $160 Million

Desktop Metal, a 3-D printing unicorn, has raised another $160 million, bringing its total funding to a whopping $438 million and its valuation to some $1.5 billion.

Koch Disruptive Technologies, a subsidiary of Koch Industries—the privately held industrial conglomerate with $110 billion in revenues—led the investment, which was joined by GV, Panasonic and Techtronic. Koch joins a high-powered lineup of investors in Burlington, Massachusetts-based Desktop Metal that includes Ford, GE Ventures, New Enterprise Associates and Kleiner Perkins.

Desktop Metal has been working to upend the $12.8 trillion global manufacturing industry with 3-D metal printers that can operate at mass-production scale. Production scale has been the holy grail of 3-D printing, which has to date largely been used for prototyping and for high-end, regulated industries such as aerospace and medical devices. Mass-production capabilities would be especially beneficial to industries like automotive because of 3-D printing’s ability to reduce the weight and increase the efficiency of parts with designs that could not be created by traditional methods.

Continue reading…

Share on facebook
Share on twitter
Share on linkedin

More To Explore