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Desktop Metal

#SIU_news 2017-08-23 00:00:00

Desktop Metal's 3D printing startup, headquartered in Burlington, Massachusetts, has completed $ 115,000,000 in D-Series funding, the largest funding ever.

In 2015, four professors from MIT founded Desktop Metal. The startup Metal Desktop employs former employees of A123 Systems, a fairly well-known lithium-ion battery company, former SolidWorks engineers, and a former vice president of Kiva Systems.

Last year, they first introduced a metal printing device. In general, DM technology is repeated by MarkForged technology: the first 3D printers will be designed for FDM printing with metal-filled polymer composites. Printed products will be fired to remove the binder polymer and then sinter the metal particles into all-metal products. For printing, filaments with various metal additives (at least thirty varieties, including copper, titanium and aluminum) will be used. The cost of a full set of equipment for printing, firing and sintering is 120 thousand dollars. A compact kit DM Production, designed for use by industrial companies, will cost 420 thousand dollars. Production is capable of printing 8,200 cubic centimeters of product per hour, which is 100 times faster than current technologies. The amounts in both cases are considerable, but even the simplest laser sintering plants are several times more expensive.

The company's goal is to develop inexpensive and easy-to-use 3D printers that could make metal products faster and cheaper than any of the existing models.

Rick Fulop, the head and co-founder of Desktop Metal, said $ 14 million was provided by venture investors such as NEA, Kleiner Perkins Caufield Byers and Lux ​​Capital. One investor is also Stratasys, a giant in the three-dimensional printing market, whose assistance can help to quickly and efficiently enter the market for industrial 3D-printers for the production of metal products. Just 5 months after the unit raised $ 45 million with a leading GV investor, today the investment is already $ 97 million, and the company’s value is estimated at $ 305 million.

Studio system devices will be available later this year, and production system printers are scheduled for 2018. The start of accepting applications is scheduled for May, and the first deliveries are scheduled for September 2017. Already, you can contact our specialists for more detailed information!

According to a recent report by Markets and Markets, by the end of 2023, the 3D printing market is expected to grow by $ 32 billion.

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