Google Ventures, BMW, Lowe's Invest in Desktop Metal

Desktop Metal, an emerging startup with the mission to bring metal 3D printing to all design and manufacturing teams, announced today it has raised a total of $97 million in equity funding since its founding in October 2015. The announcement comes as the result of the latest Series C investment of $45 million, led by GV (formerly Google Ventures), as well as BMW i Ventures and Lowe's Ventures. Desktop Metal will use the funding to continue to develop its technology and scale production as the company prepares for its product launch later this year. 
Driven by invention, Desktop Metal is committed to accelerating the adoption of metal 3D printing in design and manufacturing through the creation of innovative technology that produces complex parts. Previous investors include NEA, Kleiner Perkins Caufield & Byers, Lux Capital, GE Ventures, Saudi Aramco, and 3D printing leader Stratasys.   Full Press Release.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Optimizing Processes For Food and Beverage Industry Webinar

Optimizing Processes For Food and Beverage Industry Webinar

Compressed air is used in nearly all industry types within the manufacturing sector. Since it is also one of the most expensive resources in the manufacturing environment, optimizing your compressed air system for specific applications is beneficial. This webinar will focus on applications in the Food and Beverage Industry. We'll highlight the benefits of employing an intelligent compressed air solution for tasks ranging from simple liquid spill clean-up to more complex packaging and labeling applications. We'll also look at more innovative solutions with an automation twist to perform product movements and rejections based on quality control inputs. We will discuss several examples from the food and beverage industry to highlight these benefits and show their universal nature for other sectors. Register for Webinar on May 14 at 2:00 pm https://exair.co/184_sweb25em