{"id":68157,"date":"2019-07-29T12:53:20","date_gmt":"2019-07-29T04:53:20","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/microsoft-siemens-and-porsche-contribute-to-further-82m-funding-for-markforged.3dm"},"modified":"2019-07-29T12:53:20","modified_gmt":"2019-07-29T04:53:20","slug":"microsoft-siemens-and-porsche-contribute-to-further-82m-funding-for-markforged","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/microsoft-siemens-and-porsche-contribute-to-further-82m-funding-for-markforged\/","title":{"rendered":"Microsoft, Siemens and Porsche contribute to further $82M funding for Markforged"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">70<\/span><span>shares<\/span><\/div>\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">70<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">0<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">0<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>Multi award winning 3D printer OEM Markforged has closed a Series D funding round with a value of $82 million. The round was led by fellow Bay State company Summit Partners, that provides growth equity investments for three areas of interest, including technology.<\/p>\n<p>As in the company&#8217;s earlier $30 million Series C round, Markforged received further financial contribution from existing investors M12, Microsoft&#8217;s venture fund; Siemens global venture firm Next47; and Porsche SE. Matrix Partners, a San Franciscan early-stage investment specialist, also contributed capital in this round, and had previously helped the company at the seed stage.<\/p>\n<p>According to the official release from Markforged the money will be used to &#8220;help accelerate its product roadmap&#8221; notably, plans to introduce 3D printers for mass production and new materials. In line with the announcement, the company has also expressed its ambitions for global expansion.<\/p>\n<p><strong>The Markforged vision<\/strong><\/p>\n<p>Markforged is the manufacturer and developer of carbon fiber and metal 3D printers. It was founded in 2013 by company CEO Greg Mark and fellow MIT graduate David Benhaim, who is the company&#8217;s CTO. Its first 3D printer was aptly named the Mark One. This invention has since spun-out into three further iterations, including the Mark Two, which has won the Enterprise 3D printer of the Year award two years in a row.<\/p>\n<figure id=\"attachment_113858\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-large wp-image-113858\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/IMG_1250-1024x683.jpg\" alt=\"Graham Lindsay former Director of EMEA Channel Sales at Markforged accepting the award for 2017 Enterprise 3D printer of the Year (FFF) for the Mark Two. Photo by Antoine Fargette for <a href=\"> Industry.&#8221; width=&#8221;1024&#8243; height=&#8221;683&#8243; srcset=&#8221;https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/IMG_1250-1024&#215;683.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/IMG_1250-150&#215;100.jpg 150w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/IMG_1250-770&#215;513.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/IMG_1250-200&#215;133.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/IMG_1250-500&#215;333.jpg 500w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/IMG_1250.jpg 1500w&#8221; sizes=&#8221;(max-width: 1024px) 100vw, 1024px&#8221; \/><figcaption class=\"wp-caption-text\">Graham Lindsay former Director of EMEA Channel Sales at Markforged accepting the award for 2017 Enterprise 3D printer of the Year (FFF) for the Mark Two. Photo by Antoine Fargette for  Industry.<\/figcaption><\/figure>\n<p>The Metal X is Markforged&#8217;s first foray in metal 3D printing. Announced in 2017, the Metal X recently celebrated it 100 global shipments.<\/p>\n<p>Speaking on the foundations of the company, Mark comments, &#8220;Markforged set out to change the pace of human innovation by enabling engineers, inventors and manufacturers to print industrial-grade parts at a fraction of the time and cost of traditional methods.&#8221;<\/p>\n<p>As part of this goal, the company has now launched its Additive Manufacturing University program giving more people the opportunity to learn about the technology and its potential for business.<\/p>\n<p><strong>Michael Medici joins board of directors <\/strong><\/p>\n<p>Series D funding lead Summit Partners has over three decades of experience investing in the fields of technology, healthcare and life sciences, and growth products and services sectors. In this time, the company has raised total capital assets in the region of $20 billion for its clients. Summit&#8217;s technology portfolio includes consumer electronics company Belkin, computer security software developer McAfee, and on-demand transportation favorite Uber.<\/p>\n<p>Explaining the interest in Markforged Michael Medici, a Managing Director at Summit Partners, says, &#8220;We have been actively monitoring the additive manufacturing market for the last decade [&#8230;] Markforged has been quietly executing at an incredible pace for the last five years, delivering exceptional products that solve real-world industrial manufacturing needs.&#8221;<\/p>\n<blockquote>\n<p>&#8220;Greg and his team are focused on continued product innovation, and we believe the best is yet to come for Markforged and its customers.&#8221;<\/p>\n<\/blockquote>\n<p>Following the funding round, Medici has now joined Markforged&#8217;s Board of Directors. Greg concludes, &#8220;We\u2019re very excited to have Summit join us as we help accelerate the next industrial revolution with broadly accessible and reliable 3D printing.&#8221;<\/p>\n<figure id=\"attachment_116870\" style=\"width: 999px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-116870\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/image001_oztobt.jpg\" alt=\"Nylon brake levers with varying faber reinforcement 3D printed using Markforged technology. Photo via 3DHubs\" width=\"999\" height=\"660\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/image001_oztobt.jpg 999w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/image001_oztobt-150x100.jpg 150w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/image001_oztobt-770x509.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/image001_oztobt-200x132.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/image001_oztobt-500x330.jpg 500w\" sizes=\"(max-width: 999px) 100vw, 999px\" \/><figcaption class=\"wp-caption-text\">Nylon brake levers with varying fiber reinforcement 3D printed using Markforged technology. Photo via 3DHubs<\/figcaption><\/figure>\n<p><em>Markforged has been nominated in the 2019 <a href=\"\/service\/3d-printing\"> Industry Awards<\/a> for the third year in a row. <a href=\"https:\/\/3dprintingindustry.com\/news\/2019-3d-printing-industry-awards-vote-now-151390\/\">Make your votes<\/a> now to decide this year&#8217;s winners.<\/em><\/p>\n<p><i>For all of the latest additive manufacturing business news subscribe to the <\/i><i><a href=\"\/service\/3d-printing\"> Industry newsletter<\/i><i>, follow us on <\/i><i>Twitter<\/i><i> and like us on <\/i><i>Facebook<\/i>. <em>Seeking the next step in your career? <\/em><i>Visit <\/i><i><a href=\"\/service\/3d-printing\"> Jobs<\/i><i> for current vacancies in this rapidly growing sector.<\/i><\/p>\n<p><em>Featured image shows red hot sintering of a Metal X 3D printed 17-4 stainless steel sprocket. Image via Markforged.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>70shares 70 0 0 Multi award winning 3D printer OEM Markforged has closed a Series D funding round with a value of $82 million. The round was led by fellow Bay State company Summit Partners, that provides growth equity investments for three areas of interest, including technology. As in the company&#8217;s earlier $30 million Series [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182387,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/IMG_1250-1024x683.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173],"class_list":["post-68157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting","tag-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Microsoft, Siemens and Porsche contribute to further $82M funding for Markforged - FacFox News<\/title>\n<meta name=\"description\" content=\"70shares7000Multi award winning 3D printer OEM Markforged has closed a Series D funding round with a value of $82 million. 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