Formlabs $35 Million Financing
We just led a $35 million financing at Formlabs . In case you were wondering, lasers are super cool . In 2010, when we invested in MakerBot, the maker movement was just beginning . While 3D printing technology had been around for 30 years, there were no desktop 3D printers. The concept of using an additive process for 3D printing, where you built up a 3D object from continuous extrusion of a material such as ABS or PLA (plastics) was well understood. But this technology had not been brought to the desktop at a $2,000 price point. MakerBot did that and created an entirely new market segment within the 3D printing industry. ...