3D Printing Start-Up Desktop Metal Raises $115 Million From Backers Including Google and GE
Metal 3D printing start-up Desktop Metal announced earlier this week that it raised $115 million in a Series D funding round, which included "significant new investments" from Alphabet's and General Electric's (NYSE: GE) venture capital arms.
The new haul brings the Boston-area start-up's total raise to a phenomenal $212 million -- slightly shy of the $222 million raised by start-up Carbon, which is focused on the polymer 3D printing space. The two start-ups have more in common that aiming to upend traditional manufacturing: Both recently were included on MIT Technology Review's list of the 50 smartest companies in the world for 2017.
3D printing bigwig Stratasys (NASDAQ: SSYS), in a prescient move, was an early investor in Desktop Metal, which is shaping up to be a formidable competitor to the industry's other large player, 3D Systems (NYSE: DDD).
Source: Fool.com
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