Deals

Markforged Raises $30M Series C Funding
Date: 
Wednesday, November 1, 2017
Location: 
Watertown
Categories: 
Hardware & Robotics
Deal Type: 
Funding

Markforged, the industrial 3D printing platform unlocking a 10x acceleration in product creation speed, today announced that it has completed a $30 million Series C round of funding. next47, the Siemens-backed venture firm, led the round, with Microsoft Ventures, and Porsche Automobil Holding SE (Porsche SE) also making significant investments. The new investors join existing investors Matrix, Northbridge, and Trinity. Markforged has raised a total of $57 million to date, and achieved profitability in Q2 of 2017 having grown revenues by 300%. 

The biggest barrier to human achievement is the length of time it takes to go from idea to physical product.

"At Markforged we are unlocking a dramatic acceleration to change that process from years to days," said Greg Mark, founder and CEO. "With the new funding and strategic support from leading global manufacturing brands, we are poised to change the pace of human innovation."... READ MORE