{"id":70544,"date":"2019-07-29T15:19:40","date_gmt":"2019-07-29T07:19:40","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/formlabs-announces-19-million-funding-round-to-disrupt-3d-printing.3dm"},"modified":"2019-07-29T15:19:40","modified_gmt":"2019-07-29T07:19:40","slug":"formlabs-announces-19-million-funding-round-to-disrupt-3d-printing","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/formlabs-announces-19-million-funding-round-to-disrupt-3d-printing\/","title":{"rendered":"FormLabs Announces $19 Million Funding Round \u201cTo Disrupt 3D Printing\u201d"},"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<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><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>It seems the current name of the game is full on disruption, what with Arburg and now HP throwing their hats into the 3D printing industry ring. One company that has form when it comes to upsetting the apple cart, and has been doing it since its record crowd-funding round just over a year ago is FormLabs. The company brought to market a low-cost, highly functioning SL 3D printer and has shipped in the region of 900 units in its first year.<\/p>\n<p>Lots of people are really quite happy about it, a few aren\u2019t.<\/p>\n<p>Now though, as FormLabs announces a further funding round \u2014 $19 million worth \u2014 it looks as though they have the backing to keep on disrupting the status quo. The company has revealed that it has secured the $19M in Series A financing today and that DFJ Growth led the round, joined by Pitango Venture Capital, Innovation Endeavors and many returning angel investors.<\/p>\n<p>The plan is to use this new capital injection to expand its world\u00adclass product, design, and research teams, while growing its marketing and customer support capabilities internationally.<\/p>\n<p>According to FormLabs co\u00adfounder Maxim Lobovsky: &#8220;There is still a wide open space in front of us to continue innovating and bringing incredible new products to the market; with these new resources, we\u2019ll be able to continue to push the envelope, making extraordinary new tools available around the world. The group we\u2019re putting together to get here is the most creative and passionate team working in 3D printing and I\u2019m personally excited about using this new investment to grow our team and take digital fabrication to the next level.<\/p>\n<p>There\u2019s no denying that Formlabs has seen tremendous growth in the last year and the company is now expanding into an 11,000 square\u00adfoot facility in Somerville, Massachusetts where they are planning on using \u201cevery inch.\u201d<\/p>\n<p>Apparently, there are other big plans afoot too and these include &#8216;announcing PreForm 1.0 soon&#8217;, and FormLabs considers this to be \u201ca milestone in the development of its easy-\u00adto-\u00aduse, powerful 3D\u00adprinting software.\u201d<\/p>\n<p>The fun just keeps on coming!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It seems the current name of the game is full on disruption, what with Arburg and now HP throwing their hats into the 3D printing industry ring. One company that has form when it comes to upsetting the apple cart, and has been doing it since its record crowd-funding round just over a year ago [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":"","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[158],"class_list":["post-70544","post","type-post","status-publish","format-standard","hentry","category-aerospace","tag-space"],"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>FormLabs Announces $19 Million Funding Round \u201cTo Disrupt 3D Printing\u201d - FacFox News<\/title>\n<meta name=\"description\" content=\"It seems the current name of the game is full on disruption, what with Arburg and now HP throwing their hats into the 3D printing industry ring. 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