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Photo by Pat Greenhouse/The Boston Globe via Getty Image ____________________________
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.
3D Systems (NYSE:DDD) was upgraded by analysts at Piper Jaffray Companies from a "neutral" rating to an "overweight" rating. They now have a $17.00 price target on the stock.
Stratasys (NASDAQ:SSYS) was upgraded by analysts at Piper Jaffray Companies from a "neutral" rating to an "overweight" rating. They now have a $31.00 price target on the stock, up previously from $19.00
HP's new 3D printer gets serious, heads to high-volume factories cnet.com The Jet Fusion 5200, designed for large-scale manufacturing, could create more profound changes than the more common 3D printers used to build prototypes.