Markforged raises $82 million in funding round for AM industrialisation

News
March 20, 2019

March 20, 2019

Markforged, Watertown, Massachusetts, USA, reports that it has closed an $82 million Series D round of funding led by investment firm Summit Partners with participation from existing strategic and financial partners, including Matrix Partners; M12, Microsoft’s Venture Fund; Next47; and Porsche SE. The company stated that it will use the additional capital to help accelerate its product roadmap, including the introduction of mass-production Additive Manufacturing systems and new materials.

The capital will also be used to enhance the company’s global expansion plans and strengthen its foothold among global manufacturers. Greg Mark, CEO and co-founder of Markforged, stated, “We’re very excited to have Summit join us as we help accelerate the next industrial revolution with broadly accessible and reliable 3D printing.”

Michael Medici, a Managing Director at Summit Partners and member of the company’s Board of Directors, stated, “We have been actively monitoring the Additive Manufacturing market for the last decade and are excited to partner with the Markforged team. Markforged has been quietly executing at an incredible pace for the last five years, delivering exceptional products that solve real-world industrial manufacturing needs. Greg and his team are focused on continued product innovation, and we believe the best is yet to come for Markforged and its customers.”

Since its founding in 2013, Markforged has amassed a large installed base among manufacturers and other types of businesses that benefit from additive capabilities. The company reportedly shipped more than 2,500 industrial printers in 2018, and serves customers in more than 50 countries. It has filed for 133 patents, with 38 already issued.

www.markforged.com

www.summitpartners.com

News
March 20, 2019

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • The GRCop story: The development, production and Additive Manufacturing of NASA’s rocket engine alloys
  • Formnext 2023: Innovations in metal Additive Manufacturing from the industry’s leading international exhibition
  • Cybersecurity in Additive Manufacturing: Securing the industry’s future
  • Additive Manufacturing in the jewellery industry: exploring the potential of platinum and titanium
  • Mission possible: The five-year plan to gain FAA and EASA acceptance of in-process monitoring

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap