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Corporation
COMPUTER HARDWARE & SERVICES | Computer Storage & Peripherals / Printing & Imaging Equipment
formlabs.com

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Founded Year

2011

Stage

Series E | Alive

Total Raised

$261.25M

Valuation

$0000 

Last Raised

$150M | 4 mos ago

About Formlabs

Formlabs designs and manufactures 3D printing systems for engineers, designers, and artists.

Formlabs Headquarter Location

35 Medford Street Suite 201

Somerville, Massachusetts, 02143,

United States

617-702-8476

Latest Formlabs News

Dream 3D Printing Unicorns: Meet Our Soonicorns

Sep 13, 2021

Dream 3D Printing Unicorns: Meet Our Soonicorns Share this Article As entire industries incorporate new technologies aiming to build fully automated and digitized economies, the adoption of additive manufacturing (AM) is bound to pick up shortly. So far, in 2021 alone, U.S. venture capital (VC) firms have invested a record $140 billion into startups, on track to surpass the $200 billion plateau for the year, according to the latest EY VC activity report . Additive manufacturing (AM) startups are also reaping the benefits of the record-setting billions raised. In fact, the cash infusion into 3D printing manufacturers, service providers, and AM material experts could lead several 3D printing startups to join the unicorn herd. Reaching the coveted mythical $1 billion future for these soon-to-be-unicorns, or soonicorns for short, means startups would join well-known unicorns like Formlabs , a Boston-based 3D printer manufacturer born out of MIT Media Lab ; Carbon , a California company that created ultra-quick Continuous Liquid Interface Production (CLIP) technology; and Desktop Metal (DM), one of the fastest companies in U.S. history to achieve unicorn status . By December 2020, just three years later, DM began trading publicly on the New York Stock Exchange , the company is now valued at more than $2.5 billion. With over 750 private unicorn companies valued at $1 billion, venture capitalists and entrepreneurs are on the lookout for the next billion-dollar companies. Inspired by the success story of the three 3D printing unicorns, we’ve compiled a list of promising 3D printing startups that could eventually turn into unicorns and help drive the industry forward in the next decade. Here, we continue to think creatively about what kinds of options are out there. Our broader list also included Xometry , Fathom , and Oqton as soonicorns. However, Xometry has recently gone public and will soon be followed by Fathom sometime in the second half of 2021, while 3D Systems acquired Oqton on September 9, 2021. XJet The XJet SMART system for automated post-processing of ceramic AM parts. Image courtesy of XJet Leveraging proprietary inkjet technology, Israeli company XJet plans to introduce a growing number of metal and ceramic build materials to anticipate evolving industry needs. This Israeli startup has developed a unique metal and ceramics technology that can make highly detailed parts for mass production applications using nanoparticle-enhanced ink. At its core, the business seeks to partner with customers to engage its technology in high-profile projects, finding solutions to some tough challenges, such as developing a ceramic needle with Marvel Medtech, which is guided to breast cancer tumors using MRI and can very precisely at the right point perform cryoablation. In fact, XJet Chief Business Officer Dror Danai said his focus is on “making the impossible possible.“ Its innovative uses for 3D printing technology and a business valuation somewhere between $175 million and $250 million puts this company on the top of our list. Additionally, the business received cash from funding worth $79 million over five rounds, with investors like China’s Hifuture Electric or Israeli-based private equity investors at Catalyst Funds . Nexa3D Nexa3D 3D printing photoplastic systems up close. Image courtesy of Nexa3D. If we had to pick a 3D printing company to follow in the steps of Formlabs, Carbon, or DM, it should be Nexa3D . The California manufacturer has managed to unleash the power of ultrafast production polymer 3D printers, hoping to make AM mainstream and sustainable. Even the company’s mission statement delivers the “wow factor” for customers: “We do more than offer 3D printing solutions. We build time machines.” Beyond the interesting take on its machines, Nexa3D wants to deliver super-fast, affordable industrial-grade stereolithography platforms to customers. With partners like leading Formula One team Williams Racing , Motorola , Henkel , Swedish AM specialist 3DVerkstan Nordic , to name a few, Nexa3D says it’s “smashing traditional time barriers” associated with legacy 3D printing processes. Co-founded in 2016 by former 3D Systems CEO Avi Reichental and serial entrepreneur Yori Nelken, the company has raised a total of $95 million in funding over five rounds, and even though its valuation is undisclosed, financial platform Crunchbase predicts the value is somewhere between $100 million and $500 million. Quote request Are you looking to buy a 3D printer or 3D scanner? We're here to help. Get free expert advice and quotes from trusted suppliers in your area. Get quote

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Formlabs

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Formlabs in 3 CB Insights research briefs, most recently on Aug 26, 2021.

Expert Collections containing Formlabs

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Formlabs is included in 6 Expert Collections, including 3D Printing.

3

3D Printing

594 items

Companies working in additive manufacturing and non-traditional, customization fabrication.

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

U

Unicorns- Billion Dollar Startups

817 items

A

Advanced Manufacturing

1,069 items

C

Consumer Hardware

2,912 items

I

Industrial 3D Printing

152 items

Formlabs Patents

Formlabs has filed 86 patents.

The 3 most popular patent topics include:

  • 3D printing
  • Manufacturing
  • 3D printing processes
patents chart

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3D printing processes, 3D printing, Laser applications, Metalworking, Fused filament fabrication

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3D printing processes, 3D printing, Laser applications, Metalworking, Fused filament fabrication

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Formlabs Web Traffic

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