Desktop Metal, a Burlington, Mass.-based metal 3D printing company, completed a $115m Series D funding.
Backers included New Enterprise Associates (NEA), GV (formerly Google Ventures), GE Ventures, Future Fund, Techtronic Industries (TTI), Lowe’s, Lux Capital, Vertex Ventures, Moonrise Venture Partners, DCVC Opportunity, Tyche, Kleiner Perkins Caufield & Byers, Shenzhen Capital Group (SCGC) and Saudi Aramco.
The company, which has raised a total of $212m in financing since its inception in October 2015, intends to use the funds to speed to market, expand its sales programs, as well as progress the development of advanced R&D.
Founded in 2015 by Ric Fulop, CEO, Desktop Metal is advacning metal 3D printing solutions. The funding announcement comes within three months of the launch of two metal 3D printing systems covering the full product lifecycle, from prototyping to mass production, including:
– The Studio System™ is an office-friendly metal 3D printing system for rapid prototyping, and
– The Production System™, a 3D printing system for mass production of high resolution metal parts.