Markforged

Markforged

Advanced 3D printing for industrial applications

About Markforged

Simplify's Rating
Why Markforged is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Hardware

Industrial & Manufacturing

AI & Machine Learning

Company Size

201-500

Company Stage

IPO

Headquarters

Watertown, Massachusetts

Founded

2013

Overview

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, to optimize the printing process and ensure high-quality output. Markforged's products allow clients in various sectors, including aerospace, automotive, and healthcare, 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 comprehensive solution for industrial 3D printing. The company's goal is to lead the industrial 3D printing market by providing efficient and effective manufacturing solutions.

Simplify Jobs

Simplify's Take

What believers are saying

  • The merger with Nano Dimension provides increased scale and capital for expansion.
  • Markforged's launch of Vega filament targets the growing aerospace manufacturing market.
  • Settlement of IP litigation allows focus on innovation and growth without legal distractions.

What critics are saying

  • Emerging competition from AI-driven startups like Backflip could disrupt Markforged's market position.
  • Ongoing litigation related to the Nano Dimension merger may lead to delays and liabilities.
  • The $25M lawsuit settlement with Continuous Composites may strain financial resources.

What makes Markforged unique

  • Markforged specializes in advanced 3D printing with metal and carbon fiber materials.
  • The company offers a comprehensive end-to-end solution, including hardware, software, and materials.
  • Markforged's proprietary Eiger software and Blacksmith AI optimize and ensure high-quality printing.

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Funding

Total Funding

$662.9M

Above

Industry Average

Funded Over

8 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
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Benefits

Medical, dental, vision, life & disability insurance

401(k)

Equity

Parental leave

Unlimited vacation

Unlimited 3D printing

Wellness programs

Employee assistance program

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

0%

2 year growth

0%
BG5FFG
Mar 21st, 2025
Reinforce 3D Secures $1.2M Capital Investment to Drive Growth in Additive Manufacturing - 3D Printing Industry

Markforged's Continuous Fiber Reinforcement (CFR) technology integrates continuous fibers such as carbon fiber, fiberglass, or Kevlar into polymer matrices during the printing process.

GlobeNewswire
Jan 2nd, 2025
Markforged Faces Litigation Over Merger

Markforged announced a lawsuit related to its pending merger with Nano Dimension. Desktop Metal filed a complaint alleging Nano breached its merger agreement with Desktop Metal by entering into a merger with Markforged. Desktop Metal seeks to delay the Markforged-Nano merger until its own merger with Nano is completed. Markforged believes the claims are without merit and plans to defend against them. Regulatory approvals are pending, including from the Committee on Foreign Investment in the U.S.

TechCrunch
Dec 19th, 2024
Backed By A16Z And Nea, Backflip Raises $30M Series A To Turn Text Into Ai-Generated Designs

What if it were as easy to generate a usable 3D design as prompting ChatGPT? That’s the mission of Backflip, a startup founded by 3D printing veterans that’s just scored $30 million from Andreessen Horowitz, New Enterprise Associates, and a host of other big names in tech. Designing physical objects often requires hours or days of specialized work using computer-aided design software. Backflip CEO Greg Mark and CTO David Benhaim, both founders of 3D printing company Markforged, want to turn that into minutes thanks to Backflip’s new foundational models. “AI language models capture how we think, vision models capture how we see, and Backflip is creating foundation models that capture how we build,” Benhaim said.Backflip says its models are trained on a large dataset of about 10 million 3D parts, generated in part thanks to AI, that took two years to build. With this raise, Backflip plans to launch its app and democratize the design process for anyone, from manufacturers to regular people, Mark told TechCrunch. The AI isn’t limited to text, either: It can produce designs based on sketches, photos, or other materials, as well.“Now anyone can do it. You can literally text prompts, or draw a sketch, or pull in an image, or snap a photo with your iPhone — and then print it out. Your ideas are in the world

EIN News
Dec 17th, 2024
Flexible Filament 3D Printing Material Market estimated to reach US$467.143 million by 2030 at a CAGR of 16.63%

In November 2023, Markforged Holding Corporation announced the launch of Vega, which is a high-performance filament designed for aerospace manufacturing on Mark forged's FX20 printer.

Reporter
Dec 7th, 2024
Markforged Approves Acquisition by Nano Dimension

Markforged Holding Corp approved its acquisition by Nano Dimension Ltd at a special stockholder meeting on December 5, 2024. With 67.84% of shares present, the Merger Agreement Proposal passed with 13,914,758 votes for, 68,719 against, and 7,481 abstentions. The Adjournment Proposal was not needed. Markforged's stock (MKFG) and warrants (MKFG.WS) are on the NYSE. Details are in the SEC 8-K filing dated December 5, 2024.

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Markforged is Hiring for 9 Jobs on Simplify!

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