About Desktop Metal
Desktop Metal is a Technology company based in Burlington (United States) founded in 2015 by Ric Fulop, and was acquired by Nano Dimension in July 2024. Metal-based desktop 3D printers are manufactured for production and prototyping. Desktop Metal has raised $438 million across 8 funding rounds from investors including Lowe's, Kleiner Perkins and Ford. The company has 173 employees. Desktop Metal has completed 6 acquisitions, including Adaptive3D, Aerosint and Aidro. Desktop Metal was last valued at $179.3 million in July 2024. Its chief executive, as recorded, is Ric Fulop. Its website desktopmetal.com draws about 52 thousand monthly visits. Desktop Metal offers products and services including Production Systemâ„¢, X-Series, Shop Systemâ„¢, and Studio Systemâ„¢. Its focus areas include High Tech, 3D Printing, Hardware and 3D Printers. Its legal entity is DESKTOP METAL, INC. Its competitors include MatterFab and Additec; 1 of its 2 listed competitors has raised funding.
Company details
Founded in 2015 and based in Burlington, United States, metal-based desktop 3D printers are produced by the company for mass production of metal parts and prototypes. Carbon fiber-based printers are also offered for fiber-reinforced composites, along with software for 3D printing control and management. Sectors served include automotive, consumer goods, education, machine design, heavy industry, and manufacturing tooling.
- Annual Revenue₹1566.28 Cras on Dec 31, 2023
- Net Profit-₹2669.16 Cras on Dec 31, 2023
- EBITDA-₹2668.74 Cras on Dec 31, 2023
- Total Equity Funding$438M (USD)
in 8 rounds
- Latest Funding Round$100M (USD), Post-IPO
May 2022
- InvestorsLowe's
& 38 more
- Employee Count173
- Investments & AcquisitionsAdaptive3D
& 5 more
- Acquired by
Products & Services of Desktop Metal
Desktop Metal offers a comprehensive portfolio of products and services, including Production System™, X-Series, Shop System™, and Studio System™.
High-speed metal 3D printing designed for factory floor production.
Printer for metals and ceramics with excellent surface quality.
System for batch production of dense metal parts.
Office-friendly 3D printing for metal prototypes and parts.
Apps and channels of Desktop Metal
its YouTube channel Desktop Metal has 16.1K subscribers and 30 videos.
Videos from Desktop Metal
The most watched videos on Desktop Metal's YouTube channel, Desktop Metal (16.1K subscribers). Click a video to play it here.
More on Desktop Metal.
Funding Insights of Desktop Metal
Desktop Metal has successfully raised a total of $438M across 8 strategic funding rounds. The most recent funding activity was a Post-IPO round of $100 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $438M
- Total Rounds 8
- Last Round Post-IPO — $100M
- First Round $14M
(Oct 2015)
- Investors Count 39
All 8 funding rounds of Desktop Metal with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $100M | Post-IPO | – | – | – |
| Jan 2019 | $159.79M | Series E | $1.5B | – | |
| Mar 2018 | $65M | Series D | – | Ford | |
| Jul 2017 | $115M | Series D | $1B | New Enterprise Associates, Google Ventures | |
| Feb 2017 | $45M | Series C | – | Google Ventures | |
| Apr 2016 | $33.76M | Series B | – | General Electric, Aramco Ventures | – |
| Oct 2015 | $14M | Series A | – | New Enterprise Associates, Lux Capital | – |
| Oct 2015 | $14M | Series A | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2019 | $1.5B | •••••••• |
| Jul 2017 | $1B | •••••••• |
Last known valuation $179.3M (Jul 2024). 39 investors in total: 39 institutional.
Investors in Desktop Metal
Desktop Metal has secured backing from 39 investors, including venture fund and institutional investors. Prominent investors backing the company include Lowe's, Kleiner Perkins and Ford.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Corporate backed venture capital fund investing in multiple sectors | gv.com | Mountain View, United States | ||
Venture capital firm investing in early-stage tech startups | 1972 | kleinerperkins.com | Menlo Park, United States | |
Seed and early-stage technology companies are funded by Lux Capital. | luxcapital.com | Menlo Park, United States | ||
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
Investments are made by Riot in early-stage hardware tech startups. | riot.vc | Boston, United States | ||
Multiple sectors are invested in by the venture capital firm. | 2017 | kochdisruptivetechnologies.com | Wichita, United States | |
Early-stage technology companies are funded by this venture capital firm. | proof.vc | Reston, United States | ||
Venture capital, equity investment, and fund management services in China. | szvc.com.cn | |||
Early-stage hardware sector investments are made by Tyche Partners. | tychepartners.com | Menlo Park, United States | ||
Venture capital seed and series-A investment in fintech, SaaS and infrastructure software startups | vvus.com | Palo Alto, United States |
Investor details for Desktop Metal
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Desktop Metal
96 people are tracked at Desktop Metal (31 in leadership, 65 in team); the tracked headcount is 173.
| Name | Role | Group |
|---|---|---|
Ric Fulop | Co-Founder, Chairman and CEO | Leadership |
Jonah Myerberg | Co-Founder & CTO | Leadership |
Christopher A. Schuh | Co-founder | Leadership |
Yet-Ming Chiang | Co-founder | Leadership |
Kyle Myers | Senior Director Of Materials Science | Leadership |
Kristal Kilgore | Global Content Director, Industrial | Leadership |
Cory Haas | Sr Director Of Sales | Leadership |
Steve Hudelson | Senior Director, Process Development | Leadership |
Meghan Rock | Senior Director Of Application Engineering | Leadership |
Zhenya Yourlo | Director Of Engineering | Leadership |
Joseph Phillips | VP Of Engineering | Leadership |
Matthew Houde | Vice President Of Global Software Engineering | Leadership |
Chip Allen | Vp, Infrastructure & User Support | Leadership |
Gürsel Demircali | Vice President EMEA Metal Polymer Channel Direct Sales | Leadership |
James Eisenstein | Director | Leadership |
Jared Gaillard | Director Of Software Engineering | Leadership |
Ely Sachs | Co-Founder & Technical Fellow | Leadership |
Jason Cole | CFO | Leadership |
Michael Jordan | Vice President - Finance & Treasury | Leadership |
Tim Wywoda | Director Of Finance Operations | Leadership |
76 more people are available in the full profile.
Complete people profiles for Desktop Metal
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Investments & Acquisitions by Desktop Metal
Desktop Metal has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Adaptive3D, Aerosint and Aidro.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Jetting technology-based 3D printers are provided for industrial applications. | meta-additive.com | 2019 | Nov 2021 | •••• | ||
Provider of on-demand industrial 3D printing services | aidro.it | Taino, Italy | 1982 | Sep 2021 | •••• | |
Provider of binder jetting technology-based 3D printers | exone.com | North Huntingdon, United States | 1995 | Aug 2021 | $575M | |
Selective laser sintering-based industrial 3D printers are manufactured. | aerosint.com | Liege, Belgium | 2016 | Jul 2021 | •••• | |
Photopolymer resins are manufactured for additive manufacturing applications. | adaptive3d.com | Dallas, United States | 2014 | May 2021 | •••• | |
Manufacturer of large range of 3D printers and materials for home, office and industrial use. | envisiontec.com | Gladbeck, Germany | 2002 | Jan 2021 | $300M |
Complete acquisition details for Desktop Metal
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Desktop Metal
14 dated milestones of Desktop Metal across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Desktop Metal is founded.
- Funding First funding round of $14.0M.
- Milestone Reaches Unicorn status.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by Trine II Acquisition Corp.
- Acquisition Acquires EnvisionTEC.
- Acquisition Acquires Adaptive3D.
- Acquisition Acquires Aerosint.
- Acquisition Acquires ExOne.
- Acquisition Acquires Aidro.
- Acquisition Acquires Meta Additive.
- Funding Latest funding round, Post-IPO, of $100.0M.
- Exit Acquired by Stratasys.
- Exit Acquired by Nano Dimension.
Competitors of Desktop Metal
Desktop Metal has 2 listed competitors in our database, 1 of them funded. They include MatterFab and Additec.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| matterfab.com | 2013 | San Francisco, United States | $7.85M | Provides metal 3D printers for industrial fabrication. | ||
| additec.net | 2015 | Las Vegas, United States | Designs and manufactures metal 3D printers for industrial applications. |
Detailed competitors of Desktop Metal
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Web traffic of Desktop Metal
The website of Desktop Metal (desktopmetal.com) receives about 52.1K visits a month.
- Monthly visits52.1K
▲ 18.1% vs previous month
Websites whose visitors overlap most with Desktop Metal. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| 3dsystems.com | 100% | 178.4K | #238,104 | View details | |
titansofcnc.com | titansofcnc.com | 99% | #277,202 | – | |
| markforged.com | 97% | 239K | #193,540 | View details | |
aniwaa.com | aniwaa.com | 90% | #370,683 | – | |
zortrax.com | zortrax.com | 84% | #442,294 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 34 similar websites and full traffic analytics for Desktop Metal
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- 34 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in 3D Printing & Scanning Services
3 companies that operate in the same segment as Desktop Metal (3D Printing & Scanning Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform for on-demand distributed manufacturing and prototyping is provided. | 2013 | Gaithersburg, Maryland, United States | USD 200.44 M | USD 686.63 M | 1,090 | |
Provider of cloud and AI-based virtual tour solutions for construction professionals | 2011 | Sunnyvale, California, United States | USD 163.18 M | |||
Hover is recognized for providing construction and renovation software solutions. | 2011 | San Francisco, California, United States | USD 142.3 M |
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Related news about Desktop Metal
Complete news archive for Desktop Metal
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Frequently Asked Questions about Desktop Metal
Desktop Metal was founded in 2015.
Desktop Metal is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
Ric Fulop is the CEO of Desktop Metal, as recorded in our data. They have also founded this company.
Desktop Metal is a funded company, having raised a total of $438M across 8 funding rounds to date. The company's 1st funding round was a Series A of $14M, raised on Oct 2015.
Desktop Metal has 173 employees.
Founded in 2015 and based in Burlington, United States, metal-based desktop 3D printers are produced by the company for mass production of metal parts and prototypes. Carbon fiber-based printers are also offered for fiber-reinforced composites, along with software for 3D printing control and management. Sectors served include automotive, consumer goods, education, machine design, heavy industry, and manufacturing tooling.
Desktop Metal offers Production Systemâ„¢, X-Series, Shop Systemâ„¢, and Studio Systemâ„¢.
Desktop Metal has made 6 acquisitions, including Adaptive3D, Aerosint, and Aidro.
Desktop Metal has 39 investors. Key investors include Lowe's, Kleiner Perkins, Ford, Nano Dimension, and Aramco.
The valuation of Desktop Metal is $179.3M as of Jul 2024.
Desktop Metal operates through Desktop Metal, Inc..