Desktop Metal funding reached $160 million

Desktop Metal is a maker of 3D metal printing systems for commercial and industrial use. They have just raised $160 million in new funding which will help expand the adoption of their Studio System and Production System printers.

Desktop Metal, based in Massachusetts, was created in 2015 by leaders in metallurgy, robotics and manufacturing. Their aim was to create functional 3D printed parts in a cost-effective way. In the end they created two complementary products: the Studio System printer and the Production System printer.

The Studio System is unique as it allows to 3D print metal parts in an office environment at a cheaper cost than other technologies. It is a rapid-prototype machine; once the user is ready for mass production they can easily switch onto the Production System. This last printer is designed to create a range of alloys, including metals such as titanium and aluminium.