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3D printing startup Formlabs gets big funding from Autodesk, Foundry Group – Boston Business Journal (blog)

by • August 3, 2016 • No Comments

Sara CastellanosTechnology EditorBoston Business Journal

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See All Bizspace PropertiesSomerville-based 3-D printing company Formlabs on Tuesday debuted the Form 2, its newest 3-D printing device, which can turn it into bigger prints, smarter components and an intuitive printing experience for pros. VIEW SLIDESHOW
9 photos






Somerville-based 3-D printing company Formlabs on Tuesday debuted the Form 2, its newest… additional

Somerville 3D printing turn it intoer Formlabs has raised $35 million in new funding led by Colorado venture capital firm Foundry Group and California software giant Autodesk.
The company’s total funding to date since 2011 is now $55 million, and the many new investment can allow Formlabs to hire additional folks and scale of the world.

Somerville-based 3-D printing company Formlabs on Tuesday debuted the Form 2, its newest 3-D printing device, which can turn it into bigger prints, smarter components and an intuitive printing experience for pros. VIEW SLIDESHOW
9 photos






Somerville-based 3-D printing company Formlabs on Tuesday debuted the Form 2, its newest… additional

“Formlabs’ efforts over the years in introducing new materials and capabilities have described the category of pro PC 3D printing, resulting in worthwhile growth for the company along the way,” said Max Lobovsky, co-founder and CEO of Formlabs, in a statement. “With the new investment, we are excited to turn it into additional powerful tools to enable anyone working with 3D content to turn it into astonishing things. Formlabs can go on to grow the stereolithography business and bring new tools to the world to advance our goal of assembling digital fabrication additional powerful and accessible.”Other investors in the new funding round include DFJ Growth, Pitango Venture Capital and French businessman Pascal Cagni, who was the head of Apple Inc.’s European division.
Formlabs has 190 employees of the world.
Last year, Formlabs announced its newest printing device, which allows for users to print higher-resolution and detailed prints in larger formats, with a easy user interface. The company bills the Form 2 as “the many high end PC 3-D printing device at any time turn it intod.” The product offers a additional powerful laser which allows for for advantageous, high-detail print resolution, and in addition allows for users to turn it into larger 3-D printed products than Formlabs’ two prior printing devices. It in addition showcases resin cartridges which instantly refill the resin tank during the printing system, a touch screen display, the skill to upload prints over WiFi, and the skill to obtain notifications via phone when the prints are conclude.

The product is on the market for purchase on Formlabs.com at a retail price of $3,499.
On the other hand the startup wouldn’t disclose revenue specifics, it said it has doubled growth in yearly sales this year and is shipping additional than 1,000 printing devices monthly.
Autodesk (Nasdaq: ADSK), which has bolstered in Massachusetts presence newly by moving into a 60,000-square-foot assembling at 23 Drydock Ave. of its old digs in Waltham, can partner on software integration and marketing initiatives with Formlabs.
Other 3D printing startups in Massachusetts are raking in investor funding, which include Lexington-based Desktop Metal, which newly landed $52 million in total funding of investors which include GE Ventures and Saudi Aramco Energy Ventures.
Sara Castellanos covers innovation, startups and venture capital.

Get Contact Information for Autodesk Inc. and 1 others.

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IndustriesTechnologyTopicsFundingVenture capitalCompanies Autodesk Inc., Apple Inc.


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