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Why Brad Feld Is Joining the Board of a 3D Printing Startup – Inc.com

by • August 3, 2016 • No Comments

Techstars co-founder Brad Feld sees promise in a 3D printing beginup based in Somerville, Mass., actually as consumer interest in the industry lags.
On Thursday, Formlabs revealed that it raised an extra
$35 million in funding, of investors that include Feld’s Foundry Group, as well as Autodesk, a software maker. The new round brings the 3D printing device maker’s total capital raised to $55 million.
Formlabs in addition revealed a new partnership with Autodesk, to collaborate on software and marketing.
“People have stopped believing in the [3D printing] innovation,” Maxim Lobovsky, co-founder and CEO of Formlabs, told Inc. in a previous interview. “We want to get quite high-end innovation and put it in a footprint that’s additional accessible to people.”
Feld says he can join the board of the four-year-old company, that right now has additional than 190 employees of the world.
“Formlabs is the just company truly focused on creating powerful, accessible 3D printing technologies for pros,” Feld tells Inc. via email.
Formlabs printing devices, that begin at $1,999, use stereolithography to print objects of the web. The company’s new Form 2 machine, that launched last year, has the talent to print a diverse array of detailed pieces, of headphones to cavity fillings to sex toys. Users can select of sactually various materials ranging in durtalent. The Form 2 costs $3,499.
The 3D printing industry has wavered in new years, as market leader MakerBot — that was purchased by Stratasys for $403 million in 2014 — faced two separate rounds of layoffs last year, and newly revealed that it may be outsourcing its making to China.
But, Feld sees Formlabs as major a new wave of interest in 3D printing innovation.
“In the past two years, 3D printing has gone through the classic Gartner Hype Cycle, bottoming out in the ‘trough of disillusionment,'” Feld says. “While many eyes had been glued around the hype of consumer 3D printing, Formlabs went of assembling an entire new market in pro computer desktop 3D printing.” He adds that he believes Formlabs can fill “an huge void for a new market leader as we move into the Gartner Hype Cycle’s ‘slope of enlightenment.'”
On the other hand Formlabs may not disclose ractuallyue data, it says it ships additional than 1,000 printing devices every month, expanding sales by 100 percent every year.


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