3D Printing Tech Company Desktop Metal Raises $ 160M

Desktop Metal is founded in October 2015 by Rick Fulop, Joanna Myberg with its headquarters in Burlington, Massachusetts, United States. It is a tech company related to the manufacturing industry that designs and markets metal 3D printing systems.

The main purpose of desktop metal is to reinvigorate the way engineering and manufacturing teams typically produce metal parts starting from prototyping through mass production. The company was founded to address the problem of producing metal 3D printing systems that are accessible to engineering teams. The 3D printing system processed by this company is quite small and works really fast for office settings.

Grant

In partnership with the Koch Industries-led series E funding round and other ventures such as GV, Techtronic Industries and Panasonic, Desktop Metal has raised $ 160M. This newly raised funds will be used to advance the development of 3D printing technology.

Studio system

Desktop Metal’s studio system is a high-resolution printing system with metal 3D printing solutions and is also office-friendly.

Benefits of using Studio System

Sales for office purpose: The studio system eliminates loose forces and lasers that are often lifted using metal 3D printing, which is safe and can be used in any facility. When using a studio system, there is no need to use any special facility or third party equipment. All it needs is an internet connection and a power supply.

Easy to use: With the help of the studio system, it is easy to print metal parts in-house for any simplified model. Geswork can be carried out with good metallurgy as well as parts obtained with the help of integrated software present in the studio system.

Scale to Built:

The system is designed to adapt to the diverse needs of the business. There are some custom build plans that are optimized for multi-part jobs that can be auto-generated with software in a studio system. Scalable throughput can be enabled for any low volume production with sinter capability available in a studio system.

Benefits of using a production system

100x faster: This system processes 100 times faster than a quad-laser metal printer. This includes breakthrough signal signal jetting technology. The speed is 4 times faster than the binder jetting option. Using production systems, complex metal parts can be manufactured very rapidly.
20x Lower Cost-Per-Part: Simple post-processing, high throughput, and low-cost MIM powder saves costs per part that are competitive to traditional processes.

Software

The software is designed in such a way that metal 3D printing has become more accessible and successful. Desktop Metal’s software solutions support the fabrication process that includes system operators, shop managers, and design engineers.

The various software available are

Fabricate: Using fabricate, model rendering can be simplified, and metal 3D printing can be automated. It can be used in studio systems that make it easy to produce any complex metal parts.
Live Parts: This software works in advanced simulation and morphogenetic principles to design customized parts within minutes.

Fab Flow: Fab Flow software is designed to bring workflow management and communication to a single platform. It can be used for any busy construction shops. It is imperative for shop managers to have control and visibility to grow their business.

The conclusion

Desktop metal has been a great advantage for the construction industry, especially for large-scale printing companies. Desktop metal systems can print a wide variety of materials such as copper, aluminum, steel, and alloys such as Inconel. And even the products are very safe because they do not use any hazardous materials or dangerous lasers. Today it is in great demand in the market for its low price and safe products.

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