MatterFab Raises $5.75 Million in Series A Financing from GE Ventures and Innovate Indiana
- BY Sandra Helsel
- May 28, 2015
- 1 min read
Source: http://inside3dprinting.com/
(3DPrint.com) — MatterFab announced it has raised $5.75 million in Series A financing to complete the development of its first commercial industrial 3D metal printer. The investment round was led by GE Ventures and the Innovate Indiana Fund. MatterFab previously raised money from Lemnos Labs, an incubator known for investing in hardware startups.
MatterFab’s goal is to make 3D-printing technology available to more than just large corporations with huge pockets. MatterFab aims to create a 3D metal printer that is both affordable and reliable for companies looking to produce end-use products via additive manufacturing. The 3D printer is promised to be priced at an order of magnitude less than what is currently available on the market.
