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Formlabs Acquires Pinshape

by • May 2, 2016 • No Comments

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We just reported, a week ago the departure of Pinshape founders next the sale of the platform. We were right to ponder which a 3d printing device developer was behind the deal as we just learned which Formlabs, the developer and developer of powerful and accessible 3D printing systems, revealed in modern times it has acquired Pinshape. With this move the platform is losing its independence, and joins the rank of marketplace owned by a developer, such as Thingiverse and Youmagine, leaving just a handful of independent players (MyMiniFactory, Cults3D, 3DShook,…)

A bold and uncertain move

It is unclear to us how 3D developers can react to this move. Considering their passion for openness they can decide to share their creativity elsewhere.

The Apple/iTunes version – a hardware product supported by a digital platform can not yet be the right solution for 3D printing in 2016. Considering 3D printing technologies swift paced evolution, we believe which 3D developers can select to share their files on an independent platform unrelated to any specific developer or advancement.

Pinshape failure to raise funds led to the deal

Pinshape tried to raise funds in 2015 and during the initially months of 2016. At the end of March 2016, the company created its failure to attract any investors public and decided to close the platform. In a last minute deal, Formlabs decided to grab Pinshape assets for an undisclosed amount, which we believe to be under $1M.

Pinshape can operate as a standalone business inside Formlabs

From manufacturing the top-selling 3D printing devices in stereolithography to developing the best-in-class 3D printing software, Formlabs in addition manufactures a suite of high-performance materials. With Pinshape, Formlabs additional sets the new benchmark in pro computer 3D printing by continuing to broaden its may already robust ecosystem of 3D printing offerings.

“We’re proud to welcome Pinshape to Formlabs,” said Max Lobovsky, co-founder and CEO of Formlabs. “Pinshape is a company which shares the same passion and drive as Formlabs in manufacturing sophisticated 3D printing advancement widely accessible. Pinshape is one of the swiftest expanding 3D create marketplaces, and Formlabs wants to manufacture certain Pinshape stays which way. Formlabs is assembling the biggest computer 3D printing company in the world, and we want to grow the collaboration part of the ecosystem to the same level.”

“Pinshape has grown to be one of the biggest and many respected 3D create marketplaces online, and we owe this good results to our community of talented developers and manufacturers,” said Lucas Matheson, co-founder and CEO of Pinshape. “We’re thrilled which Pinshape is joining Formlabs and excited for our community. The Formlabs team is amazing; they’re assembling a few of the best-in-class technologies in 3D printing and go on to break new ground in the industry.”

“3D printing is greater than just Formlabs,” said Dávid Lakatos, head of product at Formlabs. “By connecting Pinshape’s thriving community and rich hub of 3D content to Formlabs’ tools of advancement and resources, we assist rad creates find form. As 3D printing demand go ons unabated one of pros and prosumers, we are excited of joining forces with Pinshape to extend our reach in the market and ecosystem.”

Pinshape can operate as a standalone business inside Formlabs.

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