Desktop Metal is a next-generation additive manufacturing company specializing in metal and carbon fiber 3D printing systems. Its AM 2.0 technologies support mass production, batch printing, and rapid prototyping across industries such as automotive, aerospace, consumer goods, heavy industry, tooling, and medical devices.
The company also offers integrated software platforms for print control, automation, and fleet management while operating a diverse brand portfolio, including Desktop Health, ExOne, ETEC, Forust, and Adaptive3D.
What Is Desktop Metal and What Does It Do?
Desktop Metal, founded in 2015 by Ric Fulop, is headquartered in Burlington, United States. The company manufactures metal-based and carbon-fiber 3D printers designed for mass-production and prototyping, supported by software for print management and workflow automation.
Its solutions cater to various sectors, including automotive, manufacturing tooling, consumer products, education, industrial machinery, and heavy engineering, offering high-speed, cost-efficient additive manufacturing at scale.
Desktop Metal employs 337 people, driving the transition toward production-ready additive manufacturing through its AM 2.0 technology suite.
How Much Funding Has Desktop Metal Raised?
1. Series B
- Amount Raised: $4M
- Date: July 2016
- Lead Investors: GE Ventures, Saudi Aramco Energy Ventures
- Motivation: To accelerate product development and expand materials research.
2. Series C
- Amount Raised: $45M
- Date: February 2017
- Lead Investors: Google Ventures
- Motivation: To scale hardware innovation and commercial readiness.
3. Series D (First Round)
- Amount Raised: $115M
- Date: July 2017
- Lead Investors: New Enterprise Associates
- Motivation: To support global expansion and broaden the product line.
4. Series D (Second Round)
- Amount Raised: $65M
- Date: March 2018
- Lead Investors: Ford Motor
- Motivation: To advance production-grade 3D printing and deepen automotive partnerships.
5. Series E
- Amount Raised: $160M
- Date: January 2019
- Lead Investors: Koch Industries
- Motivation: To enhance manufacturing capacity and accelerate commercialization.
6. Post-IPO Equity
- Amount Raised: $280M
- Date: December 2020
- Motivation: To scale production and fund acquisitions.
7. Post-IPO Debt
- Amount Raised: $100M
- Date: May 2022
- Motivation: To support operational expansion and financial flexibility.
Total Funding Raised: $438 Million
Current Valuation: $1.5 Billion (as of January 2019)
Latest Funding Date: May 2022
Key Investors
1. GE Ventures
- Details: Corporate venture arm of General Electric backing breakthrough industrial technologies.
- Investment Focus Areas: Advanced manufacturing, energy, healthcare, robotics.
- Notable Investments: Carbon, Airware, Clearpath Robotics.
2. Google Ventures (GV)
- Details: VC arm of Alphabet supporting frontier tech and scalable hardware.
- Investment Focus Areas: AI, robotics, life sciences, transportation.
- Notable Investments: Uber, Nest, Slack.
3. Ford Motor Company
- Details: Global automotive leader investing in future mobility and manufacturing innovation.
- Investment Focus Areas: EVs, mobility systems, autonomous tech, manufacturing.
- Notable Investments: Rivian, Argo AI.
4. New Enterprise Associates (NEA)
- Details: One of the world’s largest VC firms backing transformative tech and healthcare companies.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Duolingo, Robinhood, Coursera.
Where Is Desktop Metal’s Headquarters?
Desktop Metal is headquartered in Burlington, Massachusetts, offering convenient access to Boston’s deep engineering talent pool, advanced manufacturing clusters, and leading research institutions.
What’s Next for Desktop Metal?
As an acquired company, Desktop Metal is expected to integrate its portfolio of AM 2.0 technologies into broader industrial ecosystems. Future focus areas include expanding mass-production 3D printing capabilities, strengthening materials innovation, and scaling composite manufacturing.
Get Investor & Funding Insights with TexAu
TexAu helps sales and business teams uncover detailed fundraising information on companies like Desktop Metal. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.
Sign Up for Free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.
