Overview

Desktop Metal specializes in metal 3D printing, providing manufacturing solutions for various industries such as consumer goods, automotive, and education. Their technology enables high-speed mass production of metal parts, allowing manufacturers to quickly prototype and test new designs. This flexibility supports low-volume production and customization, making it easier for companies to adapt to market needs. Desktop Metal sells 3D printing systems and related services, which simplify manufacturing, reduce lead times, and lower costs by allowing on-demand production of custom parts. Their clients include innovative companies and educational institutions, helping students gain valuable skills. The goal of Desktop Metal is to transform traditional manufacturing processes through their advanced 3D printing technology.

Simplify's Take

What believers are saying

• The acquisition by Nano Dimension could expand Desktop Metal's market reach.
• Introduction of PureSinter Furnace enhances production efficiency and product quality.
• Live Inspect software positions Desktop Metal as a leader in quality assurance.

What critics are saying

• Increased competition from Nano Dimension could erode Desktop Metal's market share.
• Ongoing legal disputes with Nano Dimension may impact strategic focus.
• Reliance on proprietary technologies could be risky if competitors develop superior solutions.

What makes Desktop Metal unique

• Desktop Metal specializes in high-speed mass production of metal parts.
• The company offers rapid prototyping for quick design testing and market feedback.
• Desktop Metal's technology supports low-volume, regionally targeted production for customization.

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Funding

Total Funding

$571.8M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:

Kleiner PerkinsNew Enterprise Associates

Notable Investors:

Kleiner PerkinsNew Enterprise Associates

$135,000,000

Acquisition

Jul 2024

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Acquisition Funding Comparison

Coming Soon

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