Glowforge raises one other $43M – TechCrunch


Seattle-based laser-cutting {hardware} startup Glowforge introduced this morning that it has raised one other wholesome spherical. The $43 million Collection E joins the roughly $70 million the corporate has raised since its 2015 founding.

It’s been just a few years because the agency has had a major elevate, however the DFJ Development-led spherical will go towards accelerating R&D and commercialization for the corporate’s merchandise. The corporate has carved out a pleasant area of interest for itself over the previous 8 years, courtesy of its laser-cutting and engraving methods.

The corporate’s newest — the Glowforge Professional — is being positioned as a “3D laser printer.” At its coronary heart, the $7,000 system is a streamlined CNC machine with all the trendy facilities, together with Wi-Fi connectivity and a digital camera for watching the mission unfold in actual time.

“We based Glowforge as a result of we believed in a world the place individuals created issues for themselves, at house,” cofounder and CEO Dan Shapiro says in a launch. “With this fundraise, Glowforge has the assets to broaden our imaginative and prescient to empower the world to make magical issues.”

The hobbyist market tends to have its limitations — simply ask anybody who’s ever made a desktop 3D printer. The corporate did get off to a stable begin, elevating greater than $27 million in its first crowdfunding marketing campaign.

Training has, predictably, confirmed a stable development marketplace for the corporate as nicely. That’s exactly the rationale 3D printing companies shifted their focus to the classroom as they hit a really actual ceiling within the house/fanatic market.

“The Glowforge printer serves as a creator’s private manufacturing facility,” DFJ companion, Barry Schuler, says within the launch. “Dan and his group are on a mission to democratize entry to professional-quality inventive capabilities by enabling creators to convey their creativeness into the bodily world simply minutes out of the field.”

The corporate has to date carved out a distinct segment for itself, with well-designed, user-friendly methods with a proportionally excessive price ticket.  And whereas competitors isn’t fairly as stiff because it was on the top of the 3D printing increase, questions nonetheless linger about how a lot addressable market there’s for such specialty units.

Leave a Reply

Your email address will not be published.