{"id":68711,"date":"2019-07-29T13:13:51","date_gmt":"2019-07-29T05:13:51","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/desktop-metal-receives-further-115-million-to-bring-3d-printed-metal-to-market.3dm"},"modified":"2019-07-29T13:13:51","modified_gmt":"2019-07-29T05:13:51","slug":"desktop-metal-receives-further-115-million-to-bring-3d-printed-metal-to-market","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/desktop-metal-receives-further-115-million-to-bring-3d-printed-metal-to-market\/","title":{"rendered":"Desktop Metal receives further $115 million to bring 3D printed metal to market"},"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\">210<\/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\">176<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">32<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">2<\/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><span style=\"font-weight: 400;\">Award winning start-up Desktop Metal<\/span><span style=\"font-weight: 400;\">, has raised a further $115 million. The <\/span><span style=\"font-weight: 400;\">Burlington, Massachusetts based 3D printer manufacturer has announced the closing of a series D finance round. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This brings the total finance raised by the company to $212 million. The funds come from <\/span><span style=\"font-weight: 400;\">New Enterprise Associates (NEA), GV (formerly Google Ventures), GE Ventures, Future Fund and Techtronic Industries (TTI), a leader in quality consumer, professional and industrial products, including Milwaukee Tool, AEG, Ryobi, Hoover, Oreck, VAX and Dirt Devil.  Additional investors included Lowe\u2019s, Lux Capital, Vertex Ventures, Moonrise Venture Partners, DCVC Opportunity, Tyche, Kleiner Perkins Caufield &amp; Byers, Shenzhen Capital Group (SCGC) and Saudi Aramco.<\/span><\/p>\n<figure id=\"attachment_118393\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-large wp-image-118393\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Ric_Fulop-2-1024x722.jpg\" alt=\"Ric Fulop. CEO of Desktop Metal.\" width=\"1024\" height=\"722\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Ric_Fulop-2-1024x722.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Ric_Fulop-2-370x260.jpg 370w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Ric_Fulop-2-770x543.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Ric_Fulop-2-200x141.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Ric_Fulop-2-500x352.jpg 500w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Ric_Fulop-2.jpg 1500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">Ric Fulop. CEO of Desktop Metal.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Desktop Metal tells us that the money will be used to <\/span><span style=\"font-weight: 400;\">fuel the company\u2019s speed to market, expand its sales programs, as well as progress the development of advanced<\/span><span style=\"font-weight: 400;\"> R&amp;D. International expansion is set to commence in 2018.<\/span><\/p>\n<figure id=\"attachment_112842\" style=\"width: 1024px\" class=\"wp-caption alignleft\"><img decoding=\"async\" class=\"size-large wp-image-112842\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/C_Zci56W0AAlJU4-1024x768.jpg\" alt=\"Desktop Metal's booth at RAPID + TCT 2017. Photo by Michael Petch\" width=\"1024\" height=\"768\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/C_Zci56W0AAlJU4-1024x768.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/C_Zci56W0AAlJU4-770x578.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/C_Zci56W0AAlJU4-200x150.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/C_Zci56W0AAlJU4-500x375.jpg 500w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/C_Zci56W0AAlJU4.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">Desktop Metal&#8217;s booth at RAPID + TCT 2017. Photo by Michael Petch<\/figcaption><\/figure>\n<figure id=\"attachment_113862\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-large wp-image-113862\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/IMG_1148-1024x682.jpg\" alt=\"Desktop Metal CTO &amp; Co-founder Jonah Myerberg accepts the award for <a href=\"> Industry Start-up of the Year. &#8221; width=&#8221;1024&#8243; height=&#8221;682&#8243; srcset=&#8221;https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/IMG_1148-1024&#215;682.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/IMG_1148-150&#215;100.jpg 150w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/IMG_1148-770&#215;513.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/IMG_1148-200&#215;133.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/IMG_1148-500&#215;333.jpg 500w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/IMG_1148.jpg 1500w&#8221; sizes=&#8221;(max-width: 1024px) 100vw, 1024px&#8221; \/><figcaption class=\"wp-caption-text\">Desktop Metal CTO &amp; Co-founder Jonah Myerberg accepts the award for  Industry Start-up of the Year.<\/figcaption><\/figure>\n<p><b>On the brink of an exciting transformation<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Speaking about today\u2019s news Ric Fulop, CEO and co-founder, said \u201cWe are on the brink of an exciting transformation in how metal parts will be designed, prototyped, and ultimately mass produced.\u201d<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">This latest funding puts us in an ideal position to ship our Studio System in the coming months and our Production System in 2018, while also enabling us to grow our company globally. The continued support of our investors underscores the power of our metal 3D printing solutions to help engineers and manufacturers, for the first time, apply metal 3D printing for the entire product development lifecycle &#8211; from prototyping to cost effectively mass producing complex metal parts.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The announcement comes less than 3 months since Fulop unveiled the Desktop Metal Studio System to the world on the stage of RAPID. During the Pittsburgh event Desktop Metal were the center of attention, with a prominent, busy booth and even sponsoring the wi-fi for the show.<\/span><\/p>\n<figure id=\"attachment_118395\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-118395\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/07\/Separable-Supports.gif\" alt=\"Desktop Metal 3D printing separable support system.\" width=\"640\" height=\"360\" \/><figcaption class=\"wp-caption-text\">Desktop Metal 3D printing separable support system.<\/figcaption><\/figure>\n<p><b><i>100 times faster than current AM systems<\/i><\/b><\/p>\n<p><span style=\"font-weight: 400;\">While the Studio System took center stage, the company also brought their Production System to Pittsburgh. Based on Desktop Metal\u2019s<\/span><span style=\"font-weight: 400;\"> proprietary Single Pass Jetting (SPJ) technology, the company claim it is 100 times faster than current laser-based additive manufacturing systems.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Speaking about the investment <\/span><span style=\"font-weight: 400;\"> Steve Taub, Senior Director of Advanced Manufacturing, GE Ventures said,<\/span> <span style=\"font-weight: 400;\">\u201c<em>Our mission at GE Ventures is to invest in startups with cutting-edge technologies<\/em>.\u201d<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Desktop Metal\u2019s team and technology have delivered on exactly what they\u2019ve promised: a vision to change the way parts are manufactured, with the innovative metal 3D printing technology to make that a reality.  We see a huge potential for engineers to rethink the way parts and products are made both domestically and abroad.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">For all the latest 3D printing industry news, <\/span><span style=\"font-weight: 400;\">subscribe to our newsletter<\/span><span style=\"font-weight: 400;\"> and follow our <\/span><span style=\"font-weight: 400;\">active social media accounts<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><em>Featured image shows Desktop Metal CEO Ric Fulop announcing the Studio System during RAPID 2017. Photo by Michael Petch.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>210shares 176 32 2 Award winning start-up Desktop Metal, has raised a further $115 million. The Burlington, Massachusetts based 3D printer manufacturer has announced the closing of a series D finance round. This brings the total finance raised by the company to $212 million. The funds come from New Enterprise Associates (NEA), GV (formerly Google [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182662,"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\/07\/Ric_Fulop-2-1024x722.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170],"class_list":["post-68711","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>Desktop Metal receives further $115 million to bring 3D printed metal to market - FacFox News<\/title>\n<meta name=\"description\" content=\"210shares176322Award winning start-up Desktop Metal, has raised a further $115 million. 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