About Formlabs
Formlabs develops and manufactures 3D printers and software for the industrial sector.
Headquarters
Formlabs, Somerville
Founded
2011-01-01
Industry
3D Printing, 3D Technology, Consumer Electronics, Hardware, Manufacturing
Last Funding Type
Series E
Valuation
15
Total Funding
$253.70 million dollars
IPO Status
Private
Financial
Formlabs is advancing in additive manufacturing with innovations in washing apparatus for 3D printed parts, enhancing sintering efficiency, and developing build platforms for additive devices. They focus on techniques for preheating and coating powder materials, improving part release, and optimizing powder delivery systems. Additionally, Formlabs is working on methods for contamination detection and process optimization in additive fabrication. These efforts highlight their commitment to refining 3D printing processes and improving the quality and efficiency of additive manufacturing systems.
Formlabs announced the acquisition of 3D printing firm Micronics, a Wisconsin-based startup. This move is expected to enhance Formlabs' capabilities in the 3D printing sector.
Formlabs announced the acquisition of 3D printing firm Micronics, a Wisconsin-based startup. This move is expected to enhance Formlabs' capabilities in the 3D printing sector.
Funding Rounds
9
Number of Lead Investors
7
Total Funding Amount
$253.70 million dollars
Number of Investors
24
Formlabs vs. Other Decacorns
| Company | Valuation | Total Funding | Funding Rounds |
|---|---|---|---|
| Formlabs | $15B | $253.70M | 9 |
| Bitmain | $15B | $764.70M | 3 |
| Coupang | $60B | $3.42B | 13 |
| Clubhouse | $16B | - | - |
| Cerebras Systems | $26B | $715.00M | 7 |
| Tellium | $2B | $50.00M | 2 |
| Grove Collaborative | $1.5B | $621.50M | 9 |
| NJOY | $5B | $494.30M | 12 |
| Insightec | $3B | $882.90M | 12 |
| DriveNets | $2B | $587.00M | 4 |
| Epirus | $1B | $287.63M | 4 |
| SpaceX | $137B | $9.77B | 38 |
| Tesla | $684B | $20.16B | 39 |
| Zetwerk | $3B | $868.25M | 17 |
| RELX Technology | $18.6B | $5.76M | 4 |
| Tonal | $3B | $580.00M | 7 |
| Roku | $1.3B | $212.01M | 11 |
| Just Egg | $8B | - | 3 |
| Spreadtrum | $2B | $2.14B | 8 |
| Block | $53B | - | - |
| Allbirds | $2.2B | $202.45M | 8 |
| Solugen | $4B | $855.77M | 10 |
| Boom Supersonic | $8B | $307.50M | 16 |
| MarkForged | $2.1B | $346.80M | 7 |
| InvenSense | $0.6B | $38.00M | 3 |
| Flock Safety | $12B | $380.58M | 7 |
| Roblox | $14B | $874.45M | 13 |
| York Space Systems | $2B | - | 2 |
| Fitbit | $0.1B | $66.00M | 4 |
| Bellabeat | $8B | $18.82M | 7 |
| iRobot | $2B | $230.00M | 6 |
| The Zebra | $2B | $2.50B | 3 |
| Jawbone | $9B | $983.80M | 15 |
| Nest Labs | $13B | $230.00M | 4 |
Growth Trends & Market Impact
Formlabs may be growing as indicated by several key developments. The company has continued its global expansion, as evidenced by the appointment of a new board member with significant marketing expertise and a technical background, which could enhance its strategic direction and market reach. Additionally, Formlabs has made exciting product announcements at CES 2024, suggesting ongoing innovation and product development. Furthermore, the mention of a potential public offering, often referred to as becoming a 'double unicorn,' implies a significant valuation increase and financial growth.
Investment history
| Round number | date | Post-round evaluation | investors |
|---|---|---|---|
| №1 | 19.05.2021 | $150.00 million dollars |
SoftBank Vision Fund |
| №2 | 01.01.2019 | $150.00 million dollars |
Vintage Investment Partners |
| №3 | 01.08.2018 | $15.00 million dollars |
New Enterprise Associates |
| №4 | 04.04.2018 | $30.00 million dollars |
Tyche Partners |
| №5 | 04.08.2016 | $35.00 million dollars |
Foundry Group |
| №6 | 24.10.2013 | $19.00 million dollars |
DFJ Growth |
| №7 | 25.10.2012 | $2.90 million dollars | |
| №8 | 23.11.2011 | $1.80 million dollars |
SOSV |
| №9 | 01.01.2011 | $1.80 million dollars |