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Markforged

Markforged

3D printing technology for durable parts

About

Markforged specializes in advanced 3D printing technology, focusing on metal and carbon fiber materials. The company produces industrial 3D printers and offers proprietary software, such as Eiger and Blacksmith AI, which optimize the printing process and ensure high-quality output. Markforged's products allow clients in sectors like aerospace, automotive, healthcare, and industrial to create durable parts quickly and cost-effectively, addressing the limitations of traditional manufacturing methods. Unlike its competitors, Markforged combines hardware sales, software subscriptions, and material sales into a cohesive business model, providing a comprehensive solution for industrial 3D printing. The company's goal is to lead the industrial 3D printing market by offering efficient and effective manufacturing alternatives.

Company Stage

IPO

Employees

201-500

Industries

Industrial & Manufacturing, Enterprise Software

Total Funding

$558.2M

Headquarters

N/A

Founded

2013


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Simplify's Take

What believers are saying

  • Markforged's rapid growth and technological innovation have been recognized with numerous accolades, including a high ranking on the Deloitte Technology Fast 500 list.
  • The company's strategic partnerships, such as with Invenio 3D, expand its market reach and enhance its distribution capabilities.
  • Recent software updates, like the turbo function for the Mark Two and Onyx Pro Gen 2 printers, demonstrate Markforged's commitment to continuous improvement and innovation.

What critics are saying

  • The recent $17.34 million jury verdict in the patent lawsuit with Continuous Composites could impact financial stability and investor confidence.
  • The competitive landscape of the 3D printing industry requires Markforged to continuously innovate to maintain its market position.

What makes Markforged unique

  • Markforged's focus on metal and carbon fiber 3D printing sets it apart from competitors who may not offer such specialized materials.
  • The integration of hardware, software, and materials into a cohesive ecosystem provides a seamless user experience, unlike competitors who may only offer fragmented solutions.
  • Their proprietary Eiger software and Blacksmith AI for adaptive manufacturing optimize the printing process, ensuring high-quality output and operational efficiency.

Growth & Insights
Headcount

6 month growth

1%

1 year growth

-12%

2 year growth

-20%

Benefits

Medical, dental, vision, life & disability insurance

401(k)

Equity

Parental leave

Unlimited vacation

Unlimited 3D printing

Wellness programs

Employee assistance program

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