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§ Private Profile · Burlington, MA, USA
Public company designing and marketing 3D printing systems for metal, carbon fiber, ceramics, and composites, using binder jetting and DLP.
Desktop Metal has raised $438.0M across 6 funding rounds.
Key people at Desktop Metal.
Desktop Metal was founded in 2015 by Ric Fulop (Founder and CEO).
Desktop Metal has raised $438.0M in total across 6 funding rounds.
Based in Burlington, Massachusetts, Desktop Metal designs and markets industrial 3D printing systems focused on metal, carbon fiber, ceramics, and composites for high-volume additive manufacturing. The public company provides binder jetting and digital light processing technologies to over 800 organizational customers across the automotive, aerospace, and medical sectors, generating $47.1 million in total annual revenue during the 2022 fiscal year. Prior to its public market debut, the enterprise secured approximately $438 million in total venture funding, reaching a $1.5 billion valuation in 2019 while scaling its workforce to around 300 employees. Its capitalization history includes early investments from prominent corporate and venture capital backers such as Google Ventures, BMW, Ford, General Electric, and Kleiner Perkins. Desktop Metal was originally founded in 2015 by Ric Fulop, Jonah Myerberg, Rick Chin, Yet-Ming Chiang, Ely Sachs, and Christopher Schuh.
Desktop Metal is a technology company pioneering Additive Manufacturing 2.0, focusing on production-volume 3D printing systems primarily for metal parts but also expanding into polymers, ceramics, and composites. It serves engineers, designers, medical professionals, and manufacturers by providing advanced 3D printing platforms that enable mass production of complex, high-quality parts at competitive speeds and costs compared to traditional manufacturing[1][2]. The company addresses the problem of making metal 3D printing accessible and scalable for industrial applications, helping customers reduce supply chain risks, accelerate prototyping, and produce complex geometries that were previously difficult or costly to manufacture[6]. Desktop Metal has shown strong growth momentum with over 800 customers, 100+ patents, and a broad portfolio of materials and technologies[1].
Founded in 2015 by top engineering talent, Desktop Metal emerged from the vision to democratize metal 3D printing and enable mass production capabilities beyond prototyping[2]. The idea originated from the need to overcome the limitations of existing metal 3D printing technologies, which were slow, costly, and unreliable for volume manufacturing. Early traction came from developing Binder Jetting (BJT) technology and the Studio System, which combined metal injection molding principles with extrusion-based printing[2][7]. Over time, the company has evolved to focus on hardened, production-ready solutions and expanded its material portfolio to include polymers and ceramics, reflecting a broader additive manufacturing strategy[3].
Desktop Metal rides the wave of Additive Manufacturing 2.0, a shift from prototyping to production-scale 3D printing. This trend is driven by market demands for faster, cheaper, and more flexible manufacturing processes that can produce complex parts without tooling. The timing is critical as industries seek to modernize supply chains, reduce dependency on traditional manufacturing, and accelerate innovation cycles. Desktop Metal’s focus on binder jetting and other scalable technologies aligns with these market forces, positioning it as a key enabler of industrial digital transformation. Its influence extends to national security and energy sectors through advanced materials and components for batteries, magnets, and AI data centers[3].
Desktop Metal is poised to deepen its impact by advancing its core binder jetting technology and expanding into new high-value applications such as solid-state batteries and grid modernization components[3]. Trends shaping its journey include increased adoption of additive manufacturing in mass production, integration with AI and digital factory infrastructure, and growing demand for sustainable and upcycled materials[1][3]. As it continues to innovate and refine its production systems, Desktop Metal’s influence is likely to grow, helping reshape manufacturing paradigms and enabling new product designs that were previously impossible or uneconomical.
In summary, Desktop Metal is transforming 3D printing from a prototyping tool into a mass production technology, fulfilling the original promise of additive manufacturing with scalable, cost-effective solutions that serve a broad industrial ecosystem[1][2][3].
Key people at Desktop Metal.
Desktop Metal has raised $438.0M across 6 funding rounds. Most recently, it raised $160.0M Series E in January 2019.
Desktop Metal was founded in 2015 by Ric Fulop (Founder and CEO).
Desktop Metal has raised $438.0M in total across 6 funding rounds.
Desktop Metal's investors include Chase Koch, Google Ventures, Panasonic, Techtronic Industries, Ken Washington, Future Fund, Adeyemi Ajao, Construct Capital, First Round Capital, Vertex Ventures, Xfund, Brett Topche.
