Markforged, a Watertown, MA-based manufacturer of industrial 3D printers, closed an $82m Series D round of funding.
The round was led by Summit Partners with participation from existing strategic and financial partners Matrix Partners; M12, Microsoft’s Venture Fund; Next47; and Porsche SE. In conjunction with the funding, Michael Medici, a Managing Director at Summit Partners, has joined Markforged’s Board of Directors.
The company intends to use the funds:
– to accelerate its product roadmap, including the introduction of mass production printers and new materials,
– to enhance global expansion plans, and
– strengthen its presence among global manufacturers.
Founded in 2013 by Greg Mark, CEO, Markforged provides 3D printers capable of producing parts tough enough for the factory floor. Engineers, designers, and manufacturing professionals all over the world use the company’s metal and composite printers for tooling, fixtures, functional prototyping, and high-value end-use production.
Based in Watertown, MA, Markforged has over 250 employees globally, with $137 million in both strategic and venture capital.