BMW Invests in 3-D Printing Firm
BMW i Ventures has invested an undisclosed amount in Desktop Metals with the hope of using 3-D printing technology within its design and manufacturing process.
Photo courtesy of Desktop Metal.
Photo courtesy of Desktop Metal.
BMW i Ventures has invested an undisclosed amount in Desktop Metals with the hope of using 3-D printing technology within its design and manufacturing process.
"From rapid prototyping and printing exceptional quality parts for end-use production, to freedom of design and mass customization, Desktop Metal is shaping the way cars will be imaged, designed and manufactured," said Uwe Higgen, managing partner of BMW i Ventures.
Desktop Metal has developed ways to use metal 3-D printing in manufacturing through the creation of innovative technology that produces complex parts. The company employes 75 engineers.
"Just as plastic has redefined rapid prototyping, metal 3-D printing will make a profound impact on the way companies manufacture rapid prototypes and mass produce parts across all major industries," said Ric Fulop, CEO and co-founder of Desktop Metal.
Desktop Metal has raised $97 million in equity funding since its founding in October 2015. The latest round of $45 million came from GV (formerly Google Ventures), BMW i Ventures, and Lowe's Ventures, the company announced.
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