What is Desktop Metal?
Founded in 2015 by a team of experts in robotics, metallurgy, and advanced manufacturing, Desktop Metal is dedicated to making 3D printing an essential tool for engineers and manufacturers globally. The company focuses on overcoming the traditional limitations of additive manufacturing, specifically targeting the requirements for high-speed production and cost-effective scalability. By integrating sophisticated software with proprietary hardware, Desktop Metal provides solutions that span the entire product lifecycle, from rapid prototyping to full-scale industrial manufacturing. Its market position is defined by its commitment to accessibility and precision, enabling companies across aerospace, automotive, and healthcare sectors to achieve greater design freedom and operational efficiency.
How much funding has Desktop Metal raised?
Desktop Metal has raised a total of $272.8M across 5 funding rounds:
Series A
$14M
Series B
$33.8M
Series C
$45M
Series D
$115M
Other Financing Round
$65M
Series A (2015): $14M with participation from Lux Capital, Data Collective, Mike Volpe, Wayne Chang, and Bolt
Series B (2016): $33.8M led by Stratasys, Lux Capital, and Data Collective
Series C (2017): $45M supported by Lowe's Ventures, Tyche Partners, and BMW
Series D (2017): $115M featuring Lux Capital, Lowe's Ventures, Saudi Aramco, Future Fund, DCVC Opportunity, GE Ventures, Moonrise Venture Partners, and Shenzhen Capital Group
Other Financing Round (2018): $65M backed by Future Fund and Ford
Key Investors in Desktop Metal
Lux Capital
Lux Capital is a New York based venture capital firm that raises dedicated funds to invest in earlystage and growthstage companies at the intersection of science and technology, backing founders in frontier areas such as AI, robotics, space, defense, biotechnology, and advanced materials from seed through IPO or acquisition.
Data Collective
Data Collective is a startup non-profit. We build and support technology to help people find, understand, and share data, advancing the knowledge and education of citizens everywhere.
Lowe's Ventures
Lowes Ventures is shaping the future of home improvement through mutually beneficial relationships with early-stage companies and others in the venturing ecosystem.
What's next for Desktop Metal?
With the support of its recent $65M investment, Desktop Metal is well-positioned to accelerate its product roadmap and expand its global footprint. The company is expected to focus on scaling its manufacturing solutions to meet the increasing demand for high-volume, metal-based additive production. By leveraging its deep-tech expertise and strategic partnerships, Desktop Metal aims to further integrate its systems into the core workflows of major industrial enterprises. Future initiatives will likely prioritize the development of next-generation materials and software enhancements, ensuring the company remains at the forefront of the industrial renaissance in manufacturing.
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