KDT Leads $160 Million Investment in Desktop Metal to Drive the Adoption of the Company’s Metal 3D Printers for Mass Production and the World’s First Office-Friendly Metal 3D Printing System
Desktop Metal nowadays announced the final of a $a hundred and sixty million investment round, led through Koch Disruptive Technologies (KDT), to improve the global commercialization of its metallic 3D printing era. Combined investment when you consider that its 2015 inception, now at $438 million, marks the biggest total investment of any non-public 3D printer enterprise up to now. More importantly, it marks an inflection factor where metal 3D printers start off evolved to disrupt traditional manufacturing.
KDT is an investment firm focused on locating and investment revolutionary and emerging technology. KDT is a subsidiary of Koch Industries, certainly one of the largest privately-held groups in America with over $one hundred ten billion in annual revenues, consistent with Forbes, and an investor of more than $17 billion into generation companies inside the closing six years.
“Desktop Metal’s 3D printer answers can redefine prototyping and mass production of steel merchandise, which has profound disruptive implications for manufacturers like Koch Industries,” stated Chase Koch, president of Koch Disruptive Technologies. “We are very bullish approximately the potentialities of Desktop Metal, now not just as an investor, but also as a consumer and associate.”
The Desktop Metal Production System is the sector’s quickest steel printing press for mass production with over 400 percent productivity over the closest binder jet options and more than one hundred instances faster than laser powder mattress fusion systems in the marketplace. These structures are designed to print a large variety of alloys, consisting of reactive metals which include titanium and aluminum. This process permits using steel powders which might be eighty percent lower cost than laser powder bed fusion metals, turning in components at 1/20th the value. The era is being followed by primary Fortune 500 groups and initial structures will begin transport commercially in Q1 2019.
In the plastic global, most people of 3-d printing is performed by means of engineers in the workplace. The Studio System is the arena’s first and simplest metallic three-D printing machine capable of print and sinter components in an office surrounding, handing over the same accessibility that product developers are accustomed. The Studio System is now shipping in quantity and to be had through a worldwide income community of more than eighty-five sales companions in forty-eight nations.
“We are at a vital juncture within the advancement of metallic 3D printing and additive production,” stated Ric Fulop, CEO and co-founding father of Desktop Metal. “We are excited about Koch being an investor, customer and capability issuer in this round. This new funding will gas the continued development of our metal 3D printing generation and rich product roadmap, the scaling of operations to satisfy a developing call for of orders, and the financing of fundamental new research and improvement tasks. Combined, this can set us on a trajectory to grow to be a worldwide chief in steel 3-d printing, a key pillar of Industry four. Zero.”
Early clients of the Studio System consist of: Ford, Stanley Black and Decker, Goodyear, 3M, Google’s ATAP, BMW, Proto-Labs, Owens Corning, L3, Terra Power, Medtronic, Continental AG, Applied Materials, TECT Aerospace, US Department of Defense, Department of Homeland Security, MITRE and leading academic institutions inclusive of MIT, University of Texas, Texas A&M and Diman Regional Vocational Technical High School, the country’s first excessive college to install a metallic 3D printer.
Additional buyers in the Series E investment round include GV (formerly Google Ventures), Panasonic, and Techtronic Industries, in addition to previous assignment capital investors inside the company, which include Lux Capital, New Enterprise Associates (NEA) and Kleiner Perkins.
About Desktop Metal
Desktop Metal, Inc., based in Burlington, Massachusetts, USA, is accelerating the transformation of manufacturing with end-to-quit metal three-D printing answers. Founded in 2015 by way of leaders in superior production, metallurgy, and robotics, the organization is addressing the unmet challenges of speed, value, and first-class to make metallic 3D printing a crucial device for engineers and manufacturers around the sector. Desktop Metal become selected as one of the globe’s 30 maximum promising Technology Pioneers by means of World Economic Forum and named to MIT Technology Review’s list of fifty Smartest Companies. For extra data, go to www.Desktopmetal.Com.
Koch Disruptive Technologies (KDT) is a completely unique investment company, partnering with principled entrepreneurs who’re constructing transformative corporations. KDT gives a flexible, multi-stage investment technique. We paintings with organizations that could help Koch transform its abilities, disrupt present companies or expand into new systems. KDT is a subsidiary of Koch Industries, one of the biggest privately held businesses within the global with $110 billion in sales and running in over 50 international locations. KDT facilitates its companions free up their complete capability by bringing Koch’s full abilities and network to them, structuring precise capital solutions and embracing an extended-term, mutual benefit attitude.