Categories Analysis, Technology, U.S. Markets News

Formlabs: A unicorn that is molding its space in the 3D printing market

Though relatively a newcomer, the 3D printing market holds a lot of promise. Due to the rapidly increasing commercial use of 3D printers, the industry is expected to grow at a CAGR of 26% between this year and 2023, when it is projected to be valued at $32.78 billion.

Taking a pole position to capitalize on the market potential is a Massachusetts-based start-up Formlabs. The manufacturer of 3D printers achieved unicorn status in August this year following a round of funding from New Enterprise Associates.

formlabs 3d printing machine
Image: Creative Tools/ Wikimedia Commons

Founded in 2011 by three MIT students, Formlabs today has over $100 million in revenue run rate and is one of the world’s largest manufacturers of stereolithography 3D printers.

The company first made news when it raised a record $2.95 million in funding at a Kickstarter campaign in 2012, which happened along with the public announcement of its Form 1 printer, Formlabs’ very first product. The company subsequently released two upgraded models Form 1+ in 2014 and Form 2 in 2015.

It is currently working on its latest product, Fuse 1, with a focus on selective laser sintering. The cheapest version of Fuse 1 will be priced at around $10,000 and shipping is expected to begin early next year. In the past six years, the company has sold over 35,000 printers.

Notably, the 3D printing company is backed by former General Electric (GE) CEO Jeff Immelt, who is also a Board member. Immelt sees great potential in 3D printing and was a vocal supporter of the technology during his stint with the industrial behemoth.

Egnyte: The Dropbox-rival that is backed by Google

Formlabs’ success lies in its ability to build complex printing machines at relatively affordable rates. With the industry slowly picking up the pace and the company shining in consecutive rounds of funding, this could be one company that you simply can’t afford to ignore.

 

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text 

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Comments

  1. Pingback: ไฮโล
  2. Pingback: Heavy R
  3. Pingback: Heavy News
  4. Pingback: ff tools pro
  5. Pingback: tiktok 18 apk
  6. Pingback: bargallo
  7. Pingback: bacardi
  8. Pingback: FFH4X APK
  9. Pingback: thoptv apk
  10. Pingback: Epaviste gratuit
  11. Pingback: épave automobile
  12. Pingback: enlevement epave
  13. Pingback: Epaviste
  14. Pingback: enlevement epave
  15. Pingback: Epaviste
  16. Pingback: Epaviste gratuit
  17. Pingback: Epaviste gratuit
  18. Pingback: épave automobile
  19. Pingback: Epaviste
  20. Pingback: Epaviste gratuit
  21. Pingback: Epaviste gratuit
  22. Pingback: épave automobile
  23. Pingback: enlevement epave
  24. Pingback: คาสิโน
  25. Pingback: เว็บ123
  26. Pingback: sexy
  27. Pingback: sa casino
  28. Pingback: เว็บ123
  29. Pingback: push carts vape
  30. Pingback: Kanha Gummies
  31. Pingback: ps5 for sale
  32. Pingback: WordPress Hosting
  33. Pingback: WordPress Hosting
  34. Pingback: Epaviste
  35. Pingback: épave automobile
  36. Pingback: Hemp T-shirt
  37. Pingback: berry pie strain
  38. Pingback: cereal milk strain
  39. Pingback: Buy Weed Online
  40. Pingback: CZ P10C FOR SALE
  41. Pingback: Glock 43x for Sale
  42. Pingback: heno de pravia
  43. Pingback: Buy This Domain
  44. Pingback: classic books
  45. Pingback: Miami models
  46. Pingback: Promotional models
  47. Pingback: promo models
  48. Pingback: Buy This Domain
  49. Pingback: สล็อตpg
  50. Pingback: rusrek
  51. Pingback: art framed
  52. Pingback: russian bookstore
  53. Pingback: slayer sneakers
  54. Pingback: slayer sneakers
  55. Pingback: slayer sneakers
  56. Pingback: slayer sneakers
  57. Pingback: lowes tiles
  58. Pingback: Wood look tile
  59. Pingback: backsplash tile
  60. Pingback: MDMA for Sale
  61. Pingback: Buy Cocaine Online
  62. Pingback: foto esthetic
  63. Pingback: esthetic machine
  64. Pingback: sisley uk sale
  65. Pingback: zemits
  66. Pingback: safety glove
  67. Pingback: Trending news
  68. Pingback: Business news
  69. Pingback: political news
  70. Pingback: Breaking Videos
  71. Pingback: sports news
  72. Pingback: laptops
  73. Pingback: Movies
  74. Pingback: Buy This Domain
  75. Pingback: a knockout post
  76. Pingback: find this
  77. Pingback: Learn More Here
  78. Pingback: see post
  79. Pingback: explanation
  80. Pingback: description
  81. Pingback: buy alcohol
  82. Pingback: Surveillance
  83. Pingback: Surveillance
  84. Pingback: Repze LLC
  85. Pingback: Repze LLC
  86. Pingback: Repze LLC
  87. Pingback: Repze LLC
  88. Pingback: Repze LLC
  89. Pingback: wmbet casino
  90. Pingback: buy dexedrine uk
  91. Pingback: sbobet
  92. Pingback: كلية طب
  93. Pingback: Glock 17 for Sale
  94. Pingback: Firearms Site
  95. Pingback: Colt 1911 for Sale
  96. Pingback: 9mm Ammo
  97. Pingback: spytostyle.com
  98. Pingback: SpyToStyle
  99. Pingback: ban ca h5
  100. Pingback: soi cau 247
  101. Pingback: sieuno
  102. Pingback: so em xui la gi
  103. Pingback: tải game bài
  104. Pingback: Sangitha's Kitchen
  105. Pingback: Sangeeta's Kitchen
  106. Pingback: Grocery new york
  107. Pingback: 22 Hornet Ammo
  108. Pingback: 45 ACP Ammo
  109. Pingback: Guns on Sale
  110. Pingback: Men's Dress Shirts
  111. Pingback: obd tracking
  112. Pingback: etobicoke realtors
  113. Pingback: curly girl method
  114. Pingback: 4-AXIS MACHINING
  115. Pingback: Sách kính doanh
  116. Pingback: Stt chất
  117. Pingback: Stt vui
  118. Pingback: Kỹ năng sông
  119. Pingback: tiếng nhật
  120. Pingback: vnhoi
  121. Pingback: làm việc nhóm
  122. Pingback: vnhoi
  123. Pingback: vnhoi
  124. Pingback: vnhoi
  125. Pingback: vnhoi
  126. Pingback: fireman edm
  127. Pingback: click here
  128. Pingback: Fireman music
  129. Pingback: Local Storage
  130. Pingback: packages to Serbia
  131. Pingback: Doha News
  132. Pingback: Times Kuwait
  133. Pingback: Barrett m107a1
  134. Pingback: GLOCK 42
  135. Pingback: GLOCK 43X
  136. Pingback: GLOCK 42 For Sale
  137. Pingback: GLOCK 42 For Sale
  138. Pingback: Cousinpat
  139. Pingback: oneway anova stata
  140. Pingback: nonparametric test
  141. Pingback: best multimeter
  142. Pingback: best cmms software
  143. Pingback: Gokyo Lake Trek
  144. Pingback: Everest Short Trek
  145. Pingback: Mardi Himal Trek
  146. Pingback: ???? ?????
  147. Pingback: ???? ?????
  148. Pingback: ???? ?????
  149. Pingback: ???? ?????
  150. Pingback: ???? ?????
  151. Pingback: ???? ?????
  152. Pingback: Fitness Info
  153. Pingback: Fitness Info
  154. Pingback: Health Guide
  155. Pingback: curly girl
  156. Pingback: Fitness Info
  157. Pingback: FUE
  158. Pingback: onOverseas
  159. Pingback: onOverseas
  160. Pingback: onOverseas
  161. Pingback: onOverseas
  162. Pingback: onOverseas
  163. Pingback: onOverseas
  164. Pingback: onOverseas
  165. Pingback: onOverseas
  166. Pingback: onOverseas
  167. Pingback: onOverseas
  168. Pingback: onOverseas
  169. Pingback: onOverseas
  170. Pingback: onOverseas
  171. Pingback: onOverseas
  172. Pingback: onOverseas
  173. Pingback: onOverseas
  174. Pingback: onOverseas
  175. Pingback: Innovation Center
  176. Pingback: 1:1 Replica Watch
  177. Pingback: 1:1 Replica Watch
  178. Pingback: Leandro Farland
  179. Pingback: future university
  180. Pingback: fue
  181. Pingback: Reba Fleurantin
  182. Pingback: future university
  183. Pingback: fue
  184. Pingback: future university
  185. Pingback: future university
  186. Pingback: future university
  187. Pingback: fue
  188. Pingback: fue
  189. Pingback: future university
  190. Pingback: exipure buy
  191. Pingback: future university
  192. Pingback: parcours ninja
  193. Pingback: cage ninja warrior
  194. Pingback: butterfly muscu
  195. Pingback: pectoral machine
  196. Pingback: seated dips
  197. Pingback: appareil muscu
  198. Pingback: jeu extérieur
  199. Pingback: best-domains
  200. Pingback: Make my essay
  201. Pingback: valentine gift
  202. Pingback: valentines gift
  203. Pingback: Click Here
  204. Pingback: Click Here
  205. Pingback: Click Here
  206. Pingback: Click Here
  207. Pingback: Click Here
  208. Pingback: Click Here
  209. Pingback: Click Here
  210. Pingback: Click Here
  211. Pingback: Click Here
  212. Pingback: Click Here
  213. Pingback: Click Here
  214. Pingback: Click Here
  215. Pingback: Click Here
  216. Pingback: Click Here
  217. Pingback: Click Here
  218. Pingback: Click Here
  219. Pingback: Click Here
  220. Pingback: Click Here
  221. Pingback: Click Here
  222. Pingback: Click Here
  223. Pingback: Click Here
  224. Pingback: Click Here
  225. Pingback: Click Here
  226. Pingback: Click Here
  227. Pingback: Click Here
  228. Pingback: Click Here
  229. Pingback: Click Here
  230. Pingback: moveit studio
  231. Pingback: Click Here
  232. Pingback: Click Here
  233. Pingback: Click Here
  234. Pingback: Click Here
  235. Pingback: Click Here
  236. Pingback: Click Here
  237. Pingback: Click Here
  238. Pingback: Click Here
  239. Pingback: Click Here
  240. Pingback: Click Here
  241. Pingback: Click Here
  242. Pingback: Click Here
  243. Pingback: Click Here
  244. Pingback: Click Here
  245. Pingback: Click Here
  246. Pingback: Click Here
  247. Pingback: Click Here
  248. Pingback: Click Here
  249. Pingback: Click Here
  250. Pingback: Click Here
  251. Pingback: Click Here
  252. Pingback: Click Here
  253. Pingback: Click Here
  254. Pingback: fußball geschenke
  255. Pingback: Click Here
  256. Pingback: 바카라게임
  257. Pingback: Click Here
  258. Pingback: Click Here
  259. Pingback: Click Here
  260. Pingback: Click Here
  261. Pingback: Click Here
  262. Pingback: Click Here
  263. Pingback: Click Here
  264. Pingback: Click Here
  265. Pingback: Click Here
  266. Pingback: Click Here
  267. Pingback: Click Here
  268. Pingback: Click Here
  269. Pingback: Click Here
  270. Pingback: Click Here
  271. Pingback: Click Here
  272. Pingback: Click Here
  273. Pingback: Click Here
  274. Pingback: Click Here
  275. Pingback: Click Here
  276. Pingback: Click Here
  277. Pingback: earn karo
  278. Pingback: Click Here
  279. Pingback: Click Here
  280. Pingback: Click Here
  281. Pingback: Click Here
  282. Pingback: Click Here
  283. Pingback: Click Here
  284. Pingback: Click Here
  285. Pingback: Click Here
  286. Pingback: Click Here
  287. Pingback: Click Here
  288. Pingback: Click Here
  289. Pingback: Click Here
  290. Pingback: premium-domains
  291. Pingback: domain-name
  292. Pingback: cardano nft drops
  293. Pingback: start a business
  294. Pingback: Google reviews
  295. Pingback: 2023 Books
  296. Pingback: cemetery location
  297. Pingback: obituary
  298. Pingback: death redcords
  299. Pingback: burial place
  300. Pingback: MBA tuition fees
  301. Pingback: Pharmacognos
  302. Pingback: Required Courses
  303. Pingback: fue
  304. Pingback: العقاقير
  305. Pingback: fue
  306. Pingback: Rota evaporators
  307. Pingback: pull up
  308. Pingback: Fiverr Earn
  309. Pingback: fiverrearn.com
  310. Pingback: fiverrearn.com
  311. Pingback: Freight Broker
  312. Pingback: 3pl Broker
  313. Pingback: fiverrearn.com
  314. Pingback: fiverrearn.com
  315. Pingback: fiverrearn.com
  316. Pingback: designer dogs
  317. Pingback: morkie
  318. Pingback: Digital Marketing
  319. Pingback: future university
  320. Pingback: future university
  321. Pingback: future university
  322. Pingback: drip beanie
  323. Pingback: wix seo
  324. Pingback: wix login
  325. Pingback: blue frenchie
  326. Pingback: fue
  327. Pingback: french bulldog
  328. Pingback: Lean
  329. Pingback: Warranty
  330. Pingback: Piano relocation
  331. Pingback: FUE
  332. Pingback: FUE
  333. Pingback: Smooth transitions
  334. Pingback: Fiverr
  335. Pingback: FiverrEarn
  336. Pingback: Media
  337. Pingback: FiverrEarn
  338. Pingback: FiverrEarn
  339. Pingback: FiverrEarn
  340. Pingback: FiverrEarn
  341. Pingback: pupuk organik cair
  342. Pingback: partners
  343. Pingback: FiverrEarn
  344. Pingback: FiverrEarn
  345. Pingback: FiverrEarn
  346. Pingback: FiverrEarn
  347. Pingback: FiverrEarn
  348. Pingback: FiverrEarn
  349. Pingback: FiverrEarn
  350. Pingback: FiverrEarn
  351. Pingback: Ghee
  352. Pingback: graphic design
  353. Pingback: FiverrEarn
  354. Pingback: FiverrEarn
  355. Pingback: cheap sex cams
  356. Pingback: fullersears.com
  357. Pingback: live sex cams
  358. Pingback: frt trigger
  359. Pingback: 늑대닷컴
  360. Pingback: Multiplier
  361. Pingback: nang delivery
  362. Pingback: allgame
  363. Pingback: 918kiss
  364. Pingback: หวย24
  365. Pingback: Lipstick shades
  366. Pingback: pg slot
  367. Pingback: regles 421
  368. Pingback: Raahe Guide
  369. Pingback: megagame
  370. Pingback: apply evisa online
  371. Pingback: 300 win mag ammo
  372. Pingback: itsMasum.Com
  373. Pingback: itsMasum.Com
  374. Pingback: Nangs delivery
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top