Formlabs is a leading manufacturer of industrial-grade 3D printers, specializing in SLA and SLS technologies. The company offers a full ecosystem of hardware, materials, and software to support high-precision prototyping and production. Serving industries such as dental, medical, education, engineering, jewelry, and consumer goods, Formlabs delivers accessible and scalable 3D printing solutions that help businesses innovate faster and more efficiently.
What Is Formlabs and What Does It Do?
Formlabs, founded in 2011 by Natan Linder, Maxim Lobovsky, and David Cranor, is a 3D printing technology company based in Somerville, United States. The company manufactures desktop 3D printers powered by low-force stereolithography (SLA) and selective laser sintering (SLS) technology.
Formlabs provides proprietary design and printing software, enabling users to produce high-accuracy parts across applications.
With a team of 480 employees as of 2023, Formlabs focuses on accessible industrial-grade printing.
The company’s platform powers sectors including dental, education, medical devices, entertainment, jewelry production, engineering, and more.
How Much Funding Has Formlabs Raised?
1. Series E
- Amount Raised: $393K
- Motivation: To extend operations and support ongoing development.
2. Series E
- Amount Raised: $150M
- Lead Investors: SoftBank Vision Fund
- Motivation: To accelerate growth and expand global manufacturing capabilities.
3. Series D
- Amount Raised: $15M
- Lead Investors: NEA, Pitango, Shenzhen Capital Group, DFJ Growth
- Motivation: To scale production and reach the $1B valuation milestone.
Total Funding Raised: $254M
Current Valuation: $2B (as of May 2021)
Latest Funding Date: July 2024
Key Investors
1. SoftBank Vision Fund
- Details: One of the world’s largest technology investment funds with a focus on transformative global innovations.
- Investment Focus Areas: AI, robotics, deep tech, energy, enterprise software.
- Notable Investments: ARM, Uber, DoorDash.
2. New Enterprise Associates (NEA)
- Details: A leading global venture capital firm investing across technology and healthcare.
- Investment Focus Areas: Medical devices, software, enterprise tech.
- Notable Investments: Coursera, Tableau, Duolingo.
3. DFJ Growth
- Details: Growth-stage venture arm of Draper Fisher Jurvetson, backing bold tech companies.
- Investment Focus Areas: Deep tech, enterprise, space tech.
- Notable Investments: Tesla, SpaceX, Ring.
Where Is Formlabs’ Headquarters?
Formlabs is headquartered in Somerville, Massachusetts, a hub of advanced manufacturing, hardware innovation, and engineering talent. Its proximity to MIT and Boston’s tech ecosystem supports rapid R&D and high-level industrial collaboration.
What’s Next for Formlabs?
Formlabs is expanding its materials portfolio, scaling SLS product lines, and enhancing automation within the 3D printing workflow. With a strong valuation and continuous investor confidence, the company aims to push industrial additive manufacturing into mainstream production, especially across medical, dental, and consumer product sectors.
Get Investor & Funding Insights with TexAu
TexAu helps sales and business teams uncover detailed fundraising information on companies like Formlabs. 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.
