Desktop Metal Raises $115 Million in Series D Round

Published by , July 18, 2017 11:57 am

(VentureBeat) Desktop Metal, a company specializing in bringing metal 3D printing systems to more manufacturers and engineers, has raised $115 million in a series D round of investment from investors–including GV (formerly Google Ventures), New Enterprise Associates (NEA), GE Ventures, Future Fund, Techtronic Industries (TTI), Lux Capital, and Kleiner Perkins Caufield & Byers.
The company debuted its first two systems in April. The Desktop Metal Studio System, aimed at helping engineers build prototypes, starts at $49,900, though the complete system, including printer, debinder, and furnace, costs a somewhat more princely $120,000. However, Desktop Metal is quick to point out that it is around 10 times less expensive than existing technology. Next year, the company will also be releasing its mass-production metal 3D printing system, which is expected to cost north of $400,000.

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