H L Data Storage Store Banner 970x90
Breaking News

Acer Launches New ENDURO Urban Notebook and Tablet TSMC to boost 5nm chip output in 2H21 ASUS ROG Releases Strix Scope RX Keyboard Apple Fitness+ introduces even more ways to make fitness welcoming and inclusive with new Workouts for Pregnancy, Workouts for Older Adults, trainers, and Time to Walk guest DJI Air 2S Melds Incredible Image Quality With Unmatched Flight Performance

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

3-D Printing Startup Markforged Raises $82 Million

3-D Printing Startup Markforged Raises $82 Million

Enterprise & IT Mar 20,2019 0

Markforged, a manufacturer of industrial 3D printers, announced that it has closed an $82 million Series D round of funding.

Summit Partners, a private equity firm with $19 billion in capital, led the round, bringing the Watertown, Massachusetts-based company’s total funding to $139 million. Additional investors included Matrix Partners, Microsoft Ventures and Porsche SE.

Markforged will use the additional capital to help accelerate its product roadmap, including the introduction of mass production printers and new materials. The capital will also be used to enhance the company’s global expansion plans, strengthen its massive foothold among global manufacturers.

Additive Manufacturing – a process that combines 3D printers, cloud-based software and newly-available materials – is set to play a role in powering the revolution of the global manufacturing industry, driving cost reductions and reshaping traditional manufacturing processes into a more efficient digital production line.

By enabling the printing of high-strength parts at an affordable price, the founding of Markforged in 2013 helped mark a turning point in additive manufacturing.

Markforged says it shipped more than 2,500 industrial printers in 2018 alone, making it one of the largest additive manufacturing companies in the industry. The company serves customers in more than 50 countries, and has filed for 133 patents with 38 already issued. Price points help move product. Its Metal X printer costs just $99,500, compared with the average selling price for metal 3-D printers of $413,000.

Tags: 3D printersMarkforged
Previous Post
Micron's Second Quarter Results Beat Estimates
Next Post
Asus Posts Quarterly Loss As it Focuses on Gaming Phones

Related Posts

  • U.S. is Working On New Rules That Would Limit Sensitive Tech Exports

  • HP Introduces New 3D Printing Subscriptions, Services

  • HP Announces New Industrial 3D Printing Solution, Industrial Alliances

  • Researchers Accelerate 3-D Printing

  • JEDEC to Enable Standard 3D Models of Electronic Components

  • Canon Develops Proprietary Ceramic Material for Complex 3D Printing

  • HP Pitches Metal Jet printer

  • HP Boosts Performance of Z4 Workstation, Unveils VR Windows Mixed Reality Headset

H L Data Storage Store Banner 300x600

 

Latest News

Acer Launches New ENDURO Urban Notebook and Tablet
Enterprise & IT

Acer Launches New ENDURO Urban Notebook and Tablet

TSMC to boost 5nm chip output in 2H21
Enterprise & IT

TSMC to boost 5nm chip output in 2H21

ASUS ROG Releases Strix Scope RX Keyboard
Gaming

ASUS ROG Releases Strix Scope RX Keyboard

Apple Fitness+ introduces even more ways to make fitness welcoming and inclusive with new Workouts for Pregnancy, Workouts for Older Adults, trainers, and Time to Walk guest
Consumer Electronics

Apple Fitness+ introduces even more ways to make fitness welcoming and inclusive with new Workouts for Pregnancy, Workouts for Older Adults, trainers, and Time to Walk guest

DJI Air 2S Melds Incredible Image Quality With Unmatched Flight Performance
Consumer Electronics

DJI Air 2S Melds Incredible Image Quality With Unmatched Flight Performance

Popular Reviews

CeBIT 2005

CeBIT 2005

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

CeBIT 2006

CeBIT 2006

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

Hitachi DZ-MV100A DVD Camcorder

Hitachi DZ-MV100A DVD Camcorder

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed