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Mark launched Markforged in 2013 when most 3-D printer companies were cranking out resins and plastics.
The company began as a start-up at SolidWorks World 2014 in San Diego with a working prototype of the "Mark One" printer, capable of printing in continuous carbon fiber (the first to do so), fiberglass, nylon and polylactic acid (PLA). Production machines can also print kevlar.
At the 2015 Consumer Electronics Show, Markforged unveiled its cloud-based 3D printing software Eiger, which allowed for easier collaboration for a team through a cloud-based workflow process.
Markforged forecast $70 million in revenue for 2018, a number the company says it hit, but declined to disclose specific revenue for last year as well as its new valuation. Its most recent public valuation was $300 million in November 2017, according to Pitchbook.
At the 2017 Consumer Electronics Show, Markforged unveiled the Metal X, which is a 3D printer capable of 3D printing metal parts at a low cost, under $100k.
Markforged, a 3-D printing startup and Forbes 2018 Next Billion Dollar Startups List alum, raised $82 million, the company announced Wednesday.
In February 2020, the company began to market a 3D-printer system capable of printing pure copper, a version of the company's "Metal X" system; the methodology had been in development for some time and involves the use of plastic-encapsulated copper pellets as the raw material.
During the 2020 COVID-19 pandemic, Markforged helped to produce over 6,000 face shields in the first three months and partnered with a company called Neurophotometrics to produce Fiberflex Rayon, a 3D printed nasopharyngeal swab for use in diagnostic testing for COVID-19.
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