About Desktop Metal
Desktop Metal is a company based in Burlington (United States) founded in 2015 by Ric Fulop was acquired by Nano Dimension in July 2024.. Desktop Metal has raised $446.55 million across 8 funding rounds from investors including Lowe's, Kleiner Perkins and Ford. Desktop Metal has completed 6 acquisitions, including Adaptive3D, Aerosint and Aidro. Desktop Metal offers products and services including Production System™, X-Series, Shop System™, and Studio System™. Desktop Metal operates in a competitive market with competitors including ThinkMetal, MatterFab, Additec, Cybersolid and VF Space, among others.
- Headquarter Burlington, United States
- Founders Ric Fulop
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Desktop Metal, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$446.55 M (USD)
in 8 rounds
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Latest Funding Round
$100 M (USD), Post-IPO
May 10, 2022
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Investors
Lowe's
& 25 more
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Employee Count
Employee Count
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Investments & Acquisitions
Adaptive3D
& 5 more
- Acquired by
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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™. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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Funding Insights of Desktop Metal
Desktop Metal has successfully raised a total of $446.55M 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 Total Funding
- Total Rounds 8
- Last Round Post-IPO — $100.0M
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First Round
First Round
(16 Oct 2015)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Post-IPO - Desktop Metal | Valuation |
investors |
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| Jan, 2019 | Amount | Series E - Desktop Metal | Valuation |
investors |
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| Mar, 2018 | Amount | Series D - Desktop Metal | Valuation | Ford |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Desktop Metal
Desktop Metal has secured backing from 26 investors, including venture fund and institutional investors. Prominent investors backing the company include Lowe's, Kleiner Perkins and Ford. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Seed and early-stage technology companies are funded by Lux Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Jetting technology-based 3D printers are provided for industrial applications.
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2019 | ||||
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Selective laser sintering-based industrial 3D printers are manufactured.
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2016 | ||||
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Photopolymer resins are manufactured for additive manufacturing applications.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Desktop Metal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Desktop Metal Comparisons
Competitors of Desktop Metal
Desktop Metal operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ThinkMetal, MatterFab, Additec, Cybersolid and VF Space, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Manufacturer of desktop 3D printers
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| domain | founded_year | HQ Location |
Provides metal 3D printers for industrial fabrication.
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| domain | founded_year | HQ Location |
Designs and manufactures metal 3D printers for industrial applications.
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| domain | founded_year | HQ Location |
Develops advanced 3D metal printing technology using wire feedstock for manufacturing applications.
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| domain | founded_year | HQ Location |
Develops innovative 3D printer technologies for various applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Desktop Metal
Frequently Asked Questions about Desktop Metal
When was Desktop Metal founded?
Desktop Metal was founded in 2015.
Where is Desktop Metal located?
Desktop Metal is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
Who is the current CEO of Desktop Metal?
Ric Fulop is the current CEO of Desktop Metal. They have also founded this company.
Is Desktop Metal a funded company?
Desktop Metal is a funded company, having raised a total of $446.55M across 8 funding rounds to date. The company's 1st funding round was a Series D of $65M, raised on Oct 16, 2015.
What does Desktop Metal do?
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.
Who are the top competitors of Desktop Metal?
Desktop Metal's top competitors include ThinkMetal, MatterFab and Additec.
What products or services does Desktop Metal offer?
Desktop Metal offers Production System™, X-Series, Shop System™, and Studio System™.
How many acquisitions has Desktop Metal made?
Desktop Metal has made 6 acquisitions, including Adaptive3D, Aerosint, and Aidro.
Who are Desktop Metal's investors?
Desktop Metal has 26 investors. Key investors include Lowe's, Kleiner Perkins, Ford, Nano Dimension, and Aramco.
What is Desktop Metal's valuation?
The valuation of Desktop Metal is $1.5B as of Jan 2019.
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