Desktop Metal announce a new financing led by Ford

Image: www.desktopmetal.com

Desktop Metal, the company committed to making metal 3D printing accessible to manufacturers and engineers, has announced USD 65 M in new financing led by Ford Motor Company, with participation from existing investor Future Fund. Since its inception, Desktop Metal has raised a total of USD 277 M in financing to further accelerate the company’s rapid business growth and adoption of its end-to-end metal 3D printing systems.

The strategic partnership with Ford will continue to fuel the company’s growth and R&D, as well as enable Desktop Metal to accelerate its momentum in delivering scalable metal 3D printing technologies across the globe.

Desktop Metal pioneered the development of the first metal 3D printing systems to cover the full product lifecycle – from prototyping to mass production.

The Ford Motor Company joins a portfolio of strategic partners and investors, including New Enterprise Associates (NEA), Future Fund, GV (formerly Google Ventures), GE Ventures, BMW iVentures, Techtronic Industries (TTI), Lowe’s, Lux Capital, Vertex Ventures, Moonrise Venture Partners, DCVC Opportunity, Tyche, Kleiner Perkins Caufield & Byers, Shenzhen Capital Group (SCGC), Saudi Aramco, and 3D printing leader Stratasys.