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Formlabs Announces Strategic Collaboration with Autodesk, Plus $35 Million in Series B Funding

by • August 3, 2016 • No Comments

formlabs-logo-grey@2xIt is a big day for Formlabs, who can be presenting their webinar “How to Choose the Right 3D Printing Technology – FDM vs SLA vs SLS” later now a days at 1pm EST, right here on 3DPrint.com. (Have you registered yet? It is free and there are prizes!) This morning, the SLA 3D printing device turn it intoer dropped a few other big news, too: they’ve just landed a few worthwhile investment money which can allow them to worthwhilely expand their operations.

autodesk_logo_detailFormlabs has revealed which they have that successfully raised $35 million in Series B funding of venture capital firm Foundry Group and software giant Autodesk, additional than doubling their previous investments and delivering the total to $55 million. (Existing investors in Formlabs include DFJ Growth, Pitango Venture Capital and Pascal Cagni.) The new funds can allow Formlabs to scale their operations to meet increasing customer demand, ramp up research and turn it intoment, and additional expand their reach in the market.

“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. “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 producing digital fabrication additional powerful and accessible.”

ecosystem-landing-pageFormlabs has may already been having a phenomenal year; they’re already shipping over 1,000 printing devices per month and have seen 100 percent growth in yearly sales for the third year in a row. Their business was additional bolstered earlier this year with the acquisition of Pinshape, and they not long ago opened a new office in Japan, delivering their employees up to additional than 190 with offices in North America, Europe and Asia.

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Pascal Cagni

In terms of distribution, Formlabs’ reach already extends across five continents thanks to their aggressive pursuit of international distribution partnerships. To assist additional grow the company’s global business, investor Cagni, founder of C4 Ventures and former head of Apple in Europe, can be signing on as a strategic advisor to assist boost expansion efforts in the EMEA region.

Cagni is not the just big name to be joining the Formlabs team. Foundry Group co-founder Brad Feld, who in addition co-founded Techstars and whose investments include MakerBot and Fitbit, can be bringing a position on the Formlabs board.

“From the moment of its founding, Formlabs saw the opportunity in producing pro PC 3D printing accessible and was a key pioneer in the category,” said Feld. “While the excitement and hype around consumer 3D printing has waned, the pro 3D printing category has had unabated demand, with Formlabs emerging as the leader in PC 3D printing.”

In addition to their investment, Autodesk can in addition be forming a strategic partnership with Formlabs. The two companies can be collaborating on software integration and joint marketing initiatives.

“Formlabs has brought a lot of advancement and excellent execution to the PC 3D printing market, and Autodesk is excited to invest in the company’s future,” said Carl Bass, CEO of Autodesk. “But actually additional importantly, we are ready to work together to improve digital create and making for product createers everywhere.”

Thoughts on this latest round of investment funding inside the 3D industry? Discuss additional in the Formlabs Raises $25 Million forum over at 3DPB.com.