Acquired Electronics360

Electronics and Semiconductors

Google, BMW and Lowes Invest in Metal 3-D Printing Start-up

07 February 2017

3-D printing start-up Desktop Metal has secured $45 million in equity funding from Google Ventures, BMW Ventures and Lowe’s Ventures in order to accelerate the adoption of metal 3-D printing.

Desktop Metal says the funding will be used to continue developing its technology and scale production as it prepares for its product launch later this year. The company wants to move metal 3-D printing from its early stages of development to actual commercial production of complex parts for the automotive, electronics and consumer industries.

“Just as plastic 3-D printing paved the way for rapid prototyping, metal 3-D printing will make a profound impact on the way companies both prototype and mass produce parts across all major industries,” says Ric Fulop, CEO and co-founder of Desktop Metal.

BMW Ventures says the metal 3-D printing will allow for rapid prototyping and printing of automotive-quality parts for end-use production, freedom of design and mass customization.

To contact the author of this article, email Peter.Brown@ieeeglobalspec.com


Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the Engineering360
Stay up to date on:
Features the top stories, latest news, charts, insights and more on the end-to-end electronics value chain.
Advertisement
Weekly Newsletter
Get news, research, and analysis
on the Electronics industry in your
inbox every week - for FREE
Sign up for our FREE eNewsletter
Advertisement

CALENDAR OF EVENTS

Date Event Location
30 Nov-01 Dec 2017 Helsinki, Finland
23-27 Apr 2018 Oklahoma City, Oklahoma
18-22 Jun 2018 Honolulu, Hawaii
Find Free Electronics Datasheets
Advertisement