Markforged raises USD82 M round led by Summit Partners

Markforged, a leading manufacturer of industrial 3D printers, has recently announced that it has closed a USD82 M Series D round of funding led by Summit Partners with participation from existing strategic and financial partners, including Matrix Partners; M12, Microsoft’s Venture Fund; Next47; and Porsche SE. Markforged will use the additional capital to help accelerate its product roadmap, including the introduction of mass production printers and new materials. The capital will also be used to enhance the company’s global expansion plans, strengthen its massive foothold among global manufacturers, and ultimately help to reshape the USD12 T manufacturing industry.

The global manufacturing industry sits on the cusp of its fourth industrial revolution. Additive Manufacturing is set to play a meaningful role in powering this revolution, driving measurable cost reductions and reshaping traditional manufacturing processes into a more efficient digital production line.

Markforged shipped more than 2,500 industrial printers in 2018 alone, making it one of the largest additive manufacturing companies in the industry. Markforged serves customers in more than 50 countries and has filed for 133 patents with 38 already issued.