Desktop Metal goes public, becoming the only listed pure-play AM 2.0 company

Desktop Metal is a leader in mass production additive manufacturing solutions, offering the fastest metal 3D printing technology on the market – up to 100x the speed of legacy technologies. Yesterday, Desktop Metal announced it will become a publicly listed company in order to accelerate its growth trajectory within the rapidly growing AM market. The company has signed a definitive agreement with Trine Acquisition Corp., a special purpose acquisition company, and HPS Investment Partners, a global credit investment firm with over $60 billion in assets under management.

The additive manufacturing industry grew at a 20% annual compound rate between 2006 and 2016 before accelerating to 25% compound annual growth over the last 3years, a rate that is expected to continue over the next decade as the market surges from $12 billion in 2019 to an estimated $146 billion in 2030. This market inflection is being driven by a shift in applications from design prototyping and tooling to mass production of end-use parts, enabled by the emergence of what Desktop Metal refers to as “Additive Manufacturing 2.0,” a wave of next-generation additive manufacturing technologies that unlock throughput, repeatability, and competitive part costs.

Shop system clutch plate for part removal. (All image credits: Desktop Metal)

Based in Burlington, Massachusetts, Desktop Metal is accelerating the transformation of manufacturing with an expansive portfolio of 3D printing solutions, from rapid prototyping to mass production. Founded in 2015, the company was selected as one of the world’s 30 most promising Technology Pioneers by the World Economic Forum and named to MIT Technology Review’s list of 50 Smartest Companies. Now, with cash on hand after giving effect to the recent transaction, Desktop Metal will capitalize on its position at the forefront of Additive Manufacturing 2.0 by accelerating the company’s rapid growth and product development efforts.