Desktop Metal Raises $125M in Series Unknown

Desktop Metal has successfully raised $125M in a Series Unknown at a $2B valuation led by Ford Motor Company, GE Ventures, Google Ventures, Lux Capital, NEA.

Company Overview

Desktop Metal is a Manufacturing company headquartered in 63 3rd Avenue, Burlington, MA 01803, founded in 2015 with 500+ employees.

Metal and carbon fiber 3D printing

Fundraising Details

• Amount Raised: $125M
• Round Type: Series Unknown
• Valuation: $2B
• Date: 2024-04-12
• Investors: Ford Motor Company, GE Ventures, Google Ventures, Lux Capital, NEA

About Desktop Metal

Metal and carbon fiber 3D printing The company is positioned in the Manufacturing sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: 63 3rd Avenue, Burlington, MA 01803
• Founded: 2015
• Team Size: 500+
• Industry: Manufacturing

What This Means

This funding round demonstrates strong investor confidence in Desktop Metal's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Manufacturing sector continues to attract significant investment as companies innovate to meet evolving market demands. Desktop Metal's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $2B valuation marks an important milestone for Desktop Metal, positioning the company among notable players in the Manufacturing industry.

Looking Ahead

With this new capital, Desktop Metal is well-positioned to execute on its growth strategy and continue building innovative solutions in the Manufacturing space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-04-12. For more information about Desktop Metal, visit their headquarters at 63 3rd Avenue, Burlington, MA 01803.