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Stratasys history
Stratasys company history timeline
Scott Crump founded the business after he invented the technology known as Fused Deposition Modeling, or FDM, back in 1989.
In April 1992 Stratasys sold its first product, the 3D Modeler.
1992: The first product is shipped.
A year later, in June 1993, the company introduced its second product, the Benchtop.
Like other Stratasys products, it could be networked and used nontoxic materials which required no special venting. It also relied on Insight, a new preprocessing software developed by Stratasys to replace the QuickSlice software the company had been using since 1993.
To raise more capital, Stratasys went public in October 1994.
Because taking on IBM in court over patent violations would be expensive and counterproductive, Stratasys instead offered to co-develop a 3-D printer, which led to the January 1995 purchase of IBM technology.
In January 1998 Stratasys introduced its next product.
Stratasys acquired new RP technology in December 1998 from a private research and development company at a cost of $6.5 million in cash and stock.
After selling 150 units, Stratasys halted production of the Genisys in 1998.
In 2000 Stratasys introduced Prodigy, a modeler that filled a market niche, both in terms of price and performance, situated between the Genisys and the high-end machines.
In February 2002, the money and time invested in reengineering Genisys led to the introduction of Dimension and the retirement of the older benchtop modeler.
Sales were strong that year, improving by more than 20 percent over 2002 to $50.9 million.
2002: The Dimension system is introduced.
In November 2003 the company implemented a three-for-two stock split, a move that increased the number of outstanding shares to 10.2 million.
Founded by Chris Prucha, a former software engineer at Apple AAPL who also cofounded Notion (but left before its recent success), the San Francisco-based firm launched in 2015.
The acquisition is expected to close in January 2021.
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Zippia gives an in-depth look into the details of Stratasys, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Stratasys. The employee data is based on information from people who have self-reported their past or current employments at Stratasys. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Stratasys. The data presented on this page does not represent the view of Stratasys and its employees or that of Zippia.
Stratasys may also be known as or be related to STRATASYS LTD., Stratasys, Stratasys Ltd, Stratasys Ltd. and Stratasys, Inc.