Glowforge raises $22M in Series B

What does Glowforge do?

Glowforge, is a 3D laser printer company. This is a desktop laser which prints useful and beautiful products, from hardwood jewelry boxes to leather wallets, by just pressing a tab. Designs can be from any software which can produce a picture or a PDF, such as Illustrator or Adobe Photoshop. Onboard cameras have the ability of scanning drawings and converting them directly into designs too. The company is creating 1^st 3D laser printing. They are rebooting laser cutter or engraver technology with sensors and modern software for enabling single click printing of beautiful products such as wooden lamps, leather wallets and pop-up birthday cards.

How much Glowforge was funded?

The company raised $22M in Series B on August 1, 2016 from True Ventures and Foundry Group.

Previous funding

$1.27M on February 27, 2015

$9M in Series A on May 20, 2015 from Jennifer “Jenny” Lawton, True Ventures, Foundry Group and  Bre Pettis

$27.4M on October 23, 2015 from Dan Shapiro

What is next for Glowforge?

Glowforge’s latest funding round flows the largest 30 day crowd funding campaign in history of fall 2015, during which the company received $27.9 million pre orders. The company plans to use the latest funding raised for not only delivering an great product to the people who have already ordered, but also for scaling up their American assembly line for making this available for schools, businesses and homes globally.

More about Glowforge

Glowforge was founded in 2014 by Dan Shapiro, Tony Wright and Mark Gosselin. It has its headquarters in Seattle, WA. This company focuses on hardware which changes the way that people interact with technology. Traditional printing used plastic for building upon layer of material over hours. While this company uses subtractive technology which can produce products easily in minutes. This laser enabled people in creating products from dozens of materials even chocolate.