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§ Private Profile · Somerville, MA, USA
Professional desktop 3D printers using SLA & SLS for designers, engineers, & industrial manufacturers, enabling mass customization.
Formlabs is a Cambridge, Massachusetts-based manufacturer that designs and produces professional desktop 3D printers utilizing stereolithography and selective laser sintering technologies. The hardware company has sold over 130,000 printers globally and achieved an annual revenue run rate exceeding $100 million following five consecutive years of near 100 percent year-over-year growth. Their core hardware and Factory Solutions cater to design professionals, engineers, and industrial manufacturers, with notable enterprise customers for mass customization including consumer brands like Gillette. Formlabs has attracted financial backing from prominent technology investors such as Eric Schmidt and Mitch Kapor, while former General Electric chief executive officer Jeff Immelt serves on the board of directors. The enterprise was originally founded in 2011 by Massachusetts Institute of Technology graduate students Max Lobovsky, Natan Linder, and David Cranor after raising $2.94 million on Kickstarter.
Formlabs has raised $266.0M across 7 funding rounds.
Formlabs has raised $266.0M in total across 7 funding rounds.
Formlabs is a leading technology company that builds professional-grade stereolithography (SLA) and selective laser sintering (SLS) 3D printers, along with supporting materials, software, and post-processing solutions, enabling engineers, designers, healthcare providers, manufacturers, and others to prototype and produce parts rapidly.[1][2][5] Headquartered in Somerville, Massachusetts, with eight global locations and over 750 employees, the company has sold more than 130,000 printers, facilitated over 300 million parts printed, and achieved a $2 billion valuation, serving 10 industries with 45+ proprietary materials.[2] It solves the problem of inaccessible high-quality 3D printing by delivering industrial performance at affordable prices, powering applications from rapid prototyping at companies like Peak Design and Radio Flyer to scaling production like drone manufacturing.[3][5] Growth momentum remains strong, with 2025 highlights including new Tough Resins rivaling injection-molded plastics, Form 4L ecosystem advancements, and software updates like PreForm's auto-layout features.[1][3][5]
Formlabs was founded in 2011 by three MIT graduate students who created the Form 1, the world's first professional desktop 3D printer via a Kickstarter campaign, addressing the lack of affordable tools for industrial-quality printing right after college.[1][2] This early traction built a foundation, evolving from SLA printers to a full ecosystem of materials and post-processing, then expanding into SLS processes like the Fuse 1+ 30W, resulting in over 150,000 printers in the field as the bestselling models in their categories.[1][2] Key figures include Chief Product Officer Dávid Lakatos, who joined later with a background in rapid prototyping from founding FabLab Budapest and Sold. (acquired by Dropbox), overseeing product development.[2] Backed by prominent investors, Formlabs scaled to 750+ employees while maintaining its core goal of democratizing powerful 3D printing technology.[2]
Formlabs stands out in the 3D printing market through several key strengths:
Formlabs rides the wave of additive manufacturing's maturation, where desktop-to-production 3D printing shifts from novelty to essential tooling in product development, manufacturing, and customization amid supply chain disruptions and demands for speed.[1][3][5] Timing aligns with rising needs for in-house prototyping—e.g., Peak Design's hardware iterations or Radio Flyer's color-matched parts—reducing costs, labor, and lead times in industries like consumer goods, aerospace, and healthcare.[3] Market forces like material advancements (e.g., TPU 90A for flexible parts) and automation (Form Auto for part removal) favor Formlabs, as it influences the ecosystem by setting standards for accessible pro-grade printing, fostering innovation through education, equity initiatives, and 300 million+ parts printed.[2][3][5]
Formlabs is poised to dominate professional 3D printing with ongoing expansions like FormQL V2 for faster workflows and new resins/materials pushing boundaries in toughness and SLS applications.[1][3] Trends in AI-driven design, sustainable manufacturing, and mass customization will shape its path, potentially growing via automation and ecosystem integrations. Its influence may evolve from prototyping leader to full-scale production enabler, reinforcing the original vision of empowering anyone to make anything.[1][2] This positions Formlabs as a cornerstone for innovators bringing ideas to life efficiently.
Formlabs has raised $266.0M across 7 funding rounds. Most recently, it raised $150.0M Series E in May 2021.
Formlabs has raised $266.0M in total across 7 funding rounds.
Formlabs's investors include Deep Nishar, Atlantic Bridge, Byers Capital, Cota Capital, f7 Ventures, Founders Fund, General Catalyst, Great Oaks Venture Capital, Dave Munichiello, Highbury Group, Maverick Capital, Mohamad Makhzoumi.