Investment Update : West Fountain Parallel Fund invested in Series E of Desktop Metal
Since its foundation, Desktop Metal has raised over $438M, and the most recent round is the $160M Series in early 2019 with a $1.5B valuation. West Fountain and Shenzhen Capital Group participated in this round, the third round after its Series C and D.
Desktop Metal was established in 2015. Since its inception, the company has been disrupting the metal 3D printing field and attracted high-end investors such as GE, Google, BMW, and Lowe. Led by advanced manufacturing, metallurgy, and robotics companies, Desktop Metal is dedicated to solving speed, cost, and quality issues, making metal 3D printing an essential tool for engineers and manufacturers worldwide. In 2017, the World Economic Forum selected the company as one of the 30 most promising technology pioneers in the world. It was also named one of the 50 most innovative companies by the MIT Technology Review.
Desktop Metal's whole system was launched in 2017, consisting of a metal 3D printer, a degreasing station, and a melting furnace. The 3D printing equipment is designed to be very safe and can be used directly in the office. Its patented layer technology (similar to FDM) extrudes metal rods. It does not use laser and metal powder, thus preventing fire and powder inhalation into the human body.
(Desktop Metal Desktop Metal 3D Printer Studio System)
The upgraded version of Studio System + keeps the main functions of its predecessor. Still, it also provides a replaceable high-resolution print head with a voxel sintering accuracy of 240 microns on the XY axis and 45 microns on the Z-axis. The new system is also equipped with a camera to monitor the printing progress in real-time and a distillation box design to improve thermal uniformity to obtain higher quality parts. In addition, the system has a new foldable shelf to maximize the component capacity of the degreasing machine and furnace.
Studio System product highlights
Safe and simple
Because no laser is used and dust pollution is avoided, DM studio System is safe for any environment. Unlike other systems, DM studio System does not require third-party equipment, external ventilation, or special facilities, only electricity and Internet connection.
DM Studio System's proprietary detachable structure allows the support structure to be removed manually. The massive difficulty of metal post-processing is perfectly solved.
High-density, high-quality parts
SYS's process technology guarantees high-quality parts with a density of 96%-99% (depending on the alloy material used), and the performance of the components is similar to that of forgings.