Portfolio Update: Desktop Metal Selected As Top 50 Smartest Companies
On June 27, 2017, the list of "50 Smartest Companies 2017" in the world selected by MIT Technology Review was released in Beijing, and Desktop Metal, Inc., a West Fountain Parallel Fund portfolio company, was selected.
Desktop metal, Inc., a West Fountain Parallel Fund portfolio company, is selected as one of the “50 Smartest Companies 2017” worldwide due to its commitment to researching and developing fast and low-cost 3D metal printing technology with nearly $100 million investment from Google Ventures, Alphabet and other VC companies.
MIT Technology Review's criteria for selecting "50 Smartest Companies" are "truly innovative technology, as well as practical and ambitious business models." Meanwhile, the selection is not based on the company's reputation or market value. Only a high-level integration of "high-tech innovation" and " guarantee for the interests of the company" can bring the company on the list.
Every year, there are many lists of technology companies, but no doubt that the “50 Smartest Companies” by MIT Technology Review is one of the most prestigious technology business lists in the world, which has attested to the rise and change of emerging technology companies in past decades. This selection also confirms the excellent achievements of Desktop Metal as an innovative company of emerging technology in the world in the past few years.