Formlabs, a Sommerville, MA-based designer and manufacturer of 3D printing systems, raised $35m in Series B funding.
The round was led by Foundry Group, with participation from Autodesk and existing investors DFJ Growth, Pitango Venture Capital, and Pascal Cagni (who will be joining as a strategic advisor). In conjunction with the funding, Brad Feld, co-founder of Foundry Group, joined Formlabs’ board.
The company, which has raised $55m to date, intends to use the funds scale operations, grow R&D efforts, and to extend its reach in the market and ecosystem.
Founded in 2012 by Max Lobovsky, CEO, Formlabs designs and manufactures accessible 3D printing systems for engineers, designers, and artists. Their flagship product, the Form 2 3D printer, uses stereolithography (SLA) to create high-resolution physical objects from digital designs.
The company also develops its own suite of high-performance materials for 3D printing, as well as 3D printing software.
Formlabs has over 190 employees across offices in North America, Europe, and Asia.