MatterFab, Metal 3D Printing Startup Raises $5.75 M

What does MatterFab do?

MatterFab, is a startup whose aim is to change the way the metal 3D printing is done by making the process more scalable and affordable. Its goal is building a platform which can replace traditional manufacturing and going beyond it. It is set to make metal 3D printing better than the traditional manufacturing and reveal its complete potential. The MatterFab 3D printer aims at manufacturers looking to create direct metal production parts out of metal  which were too costly or difficult to create using traditional tool machining ways. Doing this it can reduce the cost of the parts and increase their flexibility which can be created.

How much MatterFab was funded?

MatterFab raised $5.8M in Series A on May 27, 2015 from Innovate Indiana Fund and GE Ventures

Previous funding

An undisclosed amount in Seed round on September 29, 2014 from Innovate Indiana Fund and Kima Ventures

What is next for MatterFab?

The latest funding raised will be used to speed up the availability of MatterFab machines. The funding will also be used to invest in engineering and get its 3D printer commercially available and bring it into the markets. the company is targeting the second half of 2015 for when MatterFab printers will start shipping to manufacturing customers.

More about MatterFab

MatterFab was founded in 2013 by Matthew Burris. It has its headquarters in San Francisco, CA. The company sees the potential of 3D printing to go beyond just metal  and reach to the point of printing a total product at once. The company wants to unleash an innovation, imagination and ability for anybody to create and shape the world, make designers the manufacturers. The company believes that the power to shape the work must be limited only by our imagination but not by the tools.