Apart from Microsoft Ventures, 3D printing with various fiber types, offered by startup Markforged, attracted interest from Porsche and Siemens. The investments raised by the startup from these tech giants amounted to $30 million.
It is Microsoft Ventures first investment in a 3D printing startup. The company’s spokesperson said that “3D printing was a natural interest for our team.” They did not disclose Markforged valuation in the latest funding but the new investment increased Markforged total funding to $57 million. Market researcher Lux Research paid attention to the achievements made by this startup when included it in the list of additive market leaders.
The investment, made by such companies as Porsche, Siemens and Microsoft, highlights that tech giants are betting on additive printing as a technology capable of transforming conventional manufacturing. In one of its recent reports, Stratview Research predicted that global 3D-printed composites market would reach $ 111 million in the next five years.
3D printing startups are looking for investors. Thus, startup Arevo engaged in composite additive manufacturing technology, found a new strategic investor last summer. Also, the Russian manufacturer of mobile construction 3D printers Apis Cor raised millions from Rusnano Sistema Sicar.
Technologies: 3D printing