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Technology Stocks : 3D Printing
DDD 11.41-3.6%Jan 17 4:03 PM EST

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From: Glenn Petersen1/23/2019 10:10:16 AM
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Desktop Metal raises $160 million, led by Koch

Dan Primack
Axios
January 23, 2019



Photo by Pat Greenhouse/The Boston Globe via Getty Image
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Desktop Metal, a maker of 3D metal printing systems for commercial and industrial use, has raised $160 million in new funding led by a subsidiary of Koch Industries, at a valuation of around $1.5 billion.

Why it matters: The Massachusetts startup has now raised more venture capital ($438m total) than any other 3D printing company in history, and expects to roll out its mass production printer later this quarter, after several months of delays. It already has a desktop prototyping printer on the market.

axios.com
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