SLA and SLS 3D printer developer and manufacturerFormlabsannounced 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新的企业协会(NEA),使公司的资金总额to date to over $100 million confirmed a Formlabs’ spokesperson to 3D Printing Industry.
Dayna Grayson, who led NEA’s investment in Formlabs, comments, “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,”
“The leadership team has executed flawlessly at each stage, and we’re excited to support the growth of this phenomenal company as we enter a new era in manufacturing – one in which scaled processes like mass customization are finally possible.”
Recent activity at Formlabs
Prior to this round,Formlabs closed $30 millionin Series C funding to help finance its expansion in China and Asia-Pacific regions. In Series A and Series B Carl Bass,former CEOand current board member atAutodeskhad been a consistent investor.
The company has also been continually expanding its product range. Most recently, it released the compactFuse 1 SLS 3D printerand theForm Cellplatform made to automatically serve theaward winningForm 2 machine.
Immelt joins the board
In this latest Series D round, Jeff Immelt has joined Formlabs’ board of directors. Former chairman and CEO of GE (until 2017) Immelt also sitson the board of Desktop Metal.
Commenting on his appointment, Immelt says, “I’m excited to work with Formlabs at this pivotal time in the company’s development,”
“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,”
“Since the company’s 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.”
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Featured image shows a ski mask 3D printed on the Fuse 1 3D printer. Photo via Formlabs
