Markforged

3D printing technology for industrial applications

Watertown, Massachusetts, United States

About Markforged

Markforged specializes in advanced 3D printing technology, focusing on metal and carbon fiber materials. The company produces industrial 3D printers and offers proprietary software, such as Eiger and Blacksmith AI, which optimize the printing process and ensure high-quality output. Markforged's products allow clients in various sectors, including aerospace, automotive, and healthcare, to create durable parts quickly and cost-effectively, addressing the limitations of traditional manufacturing methods. Unlike its competitors, Markforged combines hardware sales, software subscriptions, and material sales into a comprehensive solution for industrial 3D printing. The company's goal is to lead the industrial 3D printing market by providing efficient and effective manufacturing solutions.

Watertown, MassachusettsHeadquarters
2013Year Founded
$338.4MTotal Funding
IPOCompany Stage
Hardware, Industrial & Manufacturing, AI & Machine LearningIndustries
201-500Employees

Benefits

Medical, dental, vision, life & disability insurance
401(k)
Equity
Parental leave
Unlimited vacation
Unlimited 3D printing
Wellness programs
Employee assistance program

Risks

Litigation with Desktop Metal over the merger could delay strategic plans.
Emerging competition from AI-driven design platforms like Backflip may disrupt market position.
The $25M lawsuit settlement with Continuous Composites may impact financial resources.

Differentiation

Markforged specializes in advanced 3D printing with metal and carbon fiber materials.
The company offers a comprehensive end-to-end solution, including hardware, software, and materials.
Markforged's proprietary Eiger software and Blacksmith AI optimize and ensure high-quality printing.

Upsides

The merger with Nano Dimension could expand Markforged's market reach and capabilities.
Markforged's Vega filament launch aligns with growing aerospace demand for high-performance materials.
The settlement of IP litigation allows Markforged to focus on innovation and growth.

Funding

Total raised$338.41 M
Latest valuation$115.00 M
StageIPO
ACQUISITION
8/31/2024
$115
$115.00 M
SPAC PRIVATE PLACEMENT
1/31/2021
$210
$2.10 B
SPAC IPO
1/31/2021
$200
$2.10 B
$82
$410.00 M