{"id":68406,"date":"2019-07-29T13:09:27","date_gmt":"2019-07-29T05:09:27","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/another-3d-printing-unicorn-formlabs-reaches-1-billion-valuation-adds-former-ge-ceo-to-board.3dm"},"modified":"2019-07-29T13:09:27","modified_gmt":"2019-07-29T05:09:27","slug":"another-3d-printing-unicorn-formlabs-reaches-1-billion-valuation-adds-former-ge-ceo-to-board","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/another-3d-printing-unicorn-formlabs-reaches-1-billion-valuation-adds-former-ge-ceo-to-board\/","title":{"rendered":"Another 3D printing Unicorn, Formlabs reaches $1 billion valuation, adds former GE CEO to board"},"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\">12<\/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\">12<\/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>SLA and SLS 3D printer developer and manufacturer Formlabs announced that it has raised a further $15 million in funding, attaining a $1 billion valuation.<\/p>\n<p>The round was led by technology and healthcare venture capital firm New Enterprise Associates (NEA), and brings the company&#8217;s total money raised to date to over $100 million confirmed a Formlabs&#8217; spokesperson to  Industry.<\/p>\n<figure id=\"attachment_101907\" style=\"width: 1024px\" class=\"wp-caption alignleft\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-large wp-image-101907\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/01\/Screen-Shot-2017-01-01-at-23.21.18-1024x774.png\" alt=\"The Formlabs Form 2 3D printer. Photo by Michael Petch.\" width=\"1024\" height=\"774\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/01\/Screen-Shot-2017-01-01-at-23.21.18-1024x774.png 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/01\/Screen-Shot-2017-01-01-at-23.21.18-770x582.png 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/01\/Screen-Shot-2017-01-01-at-23.21.18-200x151.png 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/01\/Screen-Shot-2017-01-01-at-23.21.18-500x378.png 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">The Formlabs Form 2 3D printer. Photo by Michael Petch.<\/figcaption><\/figure>\n<p>Dayna Grayson, who led NEA&#8217;s investment in Formlabs, comments, &#8220;We have been tracking Formlabs as their printers have expanded from individual usage to enterprise usage and now they are driving the production of a wide array of end use polymer based parts,&#8221;<\/p>\n<blockquote>\n<p>&#8220;The leadership team has executed flawlessly at each stage, and we\u2019re excited to support the growth of this phenomenal company as we enter a new era in manufacturing &#8211; one in which scaled processes like mass customization are finally possible.&#8221;<\/p>\n<\/blockquote>\n<p><strong>Recent activity at Formlabs<\/strong><\/p>\n<p>Prior to this round, Formlabs closed $30 million in Series C funding to help finance its expansion in China and Asia-Pacific regions. In Series A and Series B Carl Bass, former CEO and current board member at Autodesk had been a consistent investor.<\/p>\n<p>The company has also been continually expanding its product range. Most recently, it released the compact Fuse 1 SLS 3D printer and the Form Cell platform made to automatically serve the award winning Form 2 machine.<\/p>\n<figure id=\"attachment_131624\" style=\"width: 1024px\" class=\"wp-caption alignleft\"><img decoding=\"async\" class=\"size-large wp-image-131624\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/04\/formcell-hero-1024x576.jpg\" alt=\"The Form Cell configuration. Photo via Formlabs\" width=\"1024\" height=\"576\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/04\/formcell-hero-1024x576.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/04\/formcell-hero-770x433.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/04\/formcell-hero-200x113.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/04\/formcell-hero-500x281.jpg 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">The Form Cell configuration. Photo via Formlabs<\/figcaption><\/figure>\n<p><strong>Immelt joins the board<\/strong><\/p>\n<p>In this latest Series D round, Jeff Immelt has joined Formlabs&#8217; board of directors. Former chairman and CEO of GE (until 2017) Immelt also sits on the board of Desktop Metal.<\/p>\n<p>Commenting on his appointment, Immelt says, &#8220;I\u2019m excited to work with Formlabs at this pivotal time in the company\u2019s development,&#8221;<\/p>\n<p>&#8220;Max [Formlabs Co-founder and CEO] and the team have demonstrated outstanding progress to date, with best-in-class technology and impressive momentum across a wide swath of industries, including engineering, healthcare and manufacturing,&#8221;<\/p>\n<blockquote>\n<p>&#8220;Since the company\u2019s founding in 2011, they have outpaced competitors and established themselves as a leader in 3D printing. I look forward to supporting this next phase for the company as they accelerate adoption and continue to advance the technology.&#8221;<\/p>\n<\/blockquote>\n<p><em>For more updates from the Authority on , subscribe to our <a href=\"https:\/\/3dprintingindustry.com\/newsletter\/\">newsletter<\/a>, follow <a href=\"https:\/\/twitter.com\/3dprintindustry\"><a href=\"\/service\/3d-printing\"> Industry on Twitter<\/a> and like us on <a href=\"https:\/\/www.facebook.com\/3dPrintingIndustry\/\">Facebook<\/a>. For <a href=\"https:\/\/jobs.3dprintingindustry.com\/\"><a href=\"\/service\/3d-printing\"> Jobs<\/a>, sign up here.<\/em>.<\/p>\n<p><em>Featured image shows a ski mask 3D printed on the Fuse 1 3D printer. Photo via Formlabs<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>12shares 12 0 0 SLA and SLS 3D printer developer and manufacturer Formlabs announced that it has raised a further $15 million in funding, attaining a $1 billion valuation. The round was led by technology and healthcare venture capital firm New Enterprise Associates (NEA), and brings the company&#8217;s total money raised to date to over [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182511,"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\/01\/Screen-Shot-2017-01-01-at-23.21.18-1024x774.png","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170],"class_list":["post-68406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting"],"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>Another 3D printing Unicorn, Formlabs reaches $1 billion valuation, adds former GE CEO to board - 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