Desktop Metal today announced the closing of a $160 million funding round, led by Koch Disruptive Technologies (KDT), to advance the global commercialization of its metal 3D printing technology.
Combined funding since its 2015 inception, now at $438 million, marks the largest total funding of any private 3D printing company to date. More importantly, it marks an inflection point where metal 3D printing begins to disrupt traditional manufacturing.
KDT is an investment firm focused on finding and funding innovative and emerging technologies. KDT is a subsidiary of Koch Industries, one of the largest privately-held companies in America with over $110 billion in annual revenues, according to Forbes, and an investor of more than $17 billion into technology companies in the last six years.
“Desktop Metal’s 3D printing solutions can redefine prototyping and mass production of metal products, which has profound disruptive implications for manufacturers like Koch Industries,” said Chase Koch, president of Koch Disruptive Technologies. “We are very bullish about the prospects of Desktop Metal, not just as an investor, but also as a customer and partner.”
