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→‎History: Added history about new COO, ISO/IEC Certification and COVID-19
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January 2019 saw the publication of a new UL Standard, 2904, "ANSI/CAN/UL Standard Method for Testing and Assessing Particle and Chemical Emissions from 3D Printers".<ref>{{Cite web|url=https://www.shopulstandards.com/ProductDetail.aspx?UniqueKey=35397|title=Standard 2904, Edition 1|last=|first=|date=|website=UL Standards Sales Site|url-status=live|archive-url=|archive-date=|access-date=March 29, 2020}}</ref> Markforged noted in October 2019 that it was pursuing certification against this new standard, claiming that they "use a plastic compound that generates lower emissions than many competing machines."<ref name="brayOct2019">{{Cite news|last=Bray|first=Hiawatha|url=https://www.newspapers.com/clip/47643776/the-boston-globe/|title=Some 3-D printers could emit dangerous gases, microscopic plastic|date=October 2, 2019|work=Boston Globe|access-date=March 29, 2020|url-status=live|pages=B6, B9|via=Newspapers.com}} This is the second part of the article, from page B9; here is the segment on page B6: "[https://www.newspapers.com/clip/47643893/the-boston-globe/ Some 3-D printers could be hazerdous]"</ref>
January 2019 saw the publication of a new UL Standard, 2904, "ANSI/CAN/UL Standard Method for Testing and Assessing Particle and Chemical Emissions from 3D Printers".<ref>{{Cite web|url=https://www.shopulstandards.com/ProductDetail.aspx?UniqueKey=35397|title=Standard 2904, Edition 1|last=|first=|date=|website=UL Standards Sales Site|url-status=live|archive-url=|archive-date=|access-date=March 29, 2020}}</ref> Markforged noted in October 2019 that it was pursuing certification against this new standard, claiming that they "use a plastic compound that generates lower emissions than many competing machines."<ref name="brayOct2019">{{Cite news|last=Bray|first=Hiawatha|url=https://www.newspapers.com/clip/47643776/the-boston-globe/|title=Some 3-D printers could emit dangerous gases, microscopic plastic|date=October 2, 2019|work=Boston Globe|access-date=March 29, 2020|url-status=live|pages=B6, B9|via=Newspapers.com}} This is the second part of the article, from page B9; here is the segment on page B6: "[https://www.newspapers.com/clip/47643893/the-boston-globe/ Some 3-D printers could be hazerdous]"</ref>

In December 2019, Markforged appointed Shai Terem as President and Chief Operating Officer. Terem joined the team from [[Kornit Digital]], a digital printing company specialising in textiles, where he served as President of the Americas region. Terem had previous experience in additive manufacturing, having worked at [[Stratasys]] years prior.<ref>{{Cite web|date=2019-12-03|title=Markforged Appoints Shai Terem as President and Chief Operating Officer|url=https://www.businesswire.com/news/home/20191203005150/en/Markforged-Appoints-Shai-Terem-as-President-and-Chief-Operating-Officer|access-date=2020-10-22|website=www.businesswire.com|language=en}}</ref>

In early 2020, Markforged became the first known additive manufacturing platform to achieve ISO/IEC 27001 Certification. ISO/IEC 27001:2013 is an [[Information Security Management]] System (ISMS) standard published by the [[International Organization for Standardization]] (ISO) and the [[International Electrotechnical Commission]] (IEC). <ref>{{Cite web|last=Griffiths|first=Laura|date=2020-02-07|title=Markforged 3D printing platform achieves ISO 27001 security certification|url=https://www.tctmagazine.com/api/content/809ba9f0-498c-11ea-80ba-1244d5f7c7c6/|access-date=2020-10-22|website=TCT Magazine|language=en-gb}}</ref>The certification was applied to Markforged’s hardware and Eiger cloud and fleet management software, showing that they meet rigorous international standards in privacy, confidentiality and integrity.<ref>{{Cite web|date=2020-02-19|title=Markforged achieves ISO 27001 certification|url=https://www.metal-am.com/markforged-achieves-iso-27001-certification/|access-date=2020-10-22|website=Metal Additive Manufacturing|language=en-GB}}</ref>

During the 2020 [[COVID-19 pandemic]] Markforged helped produce over 6,000 face shields in the first three months and partnered with a company called Neurophotometrics to produce Fiberflex Rayon, a 3D printed [[nasopharyngeal swab]] for use in diagnostic testing for COVID-19.<ref>{{Cite news|date=2020-04-09|title=Neurophotometrics and Markforged Announce New 3D Printed Nasal Swab that Provides Better Accuracy than Current COVID-19 Testing|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/press-releases/2020-04-09/neurophotometrics-and-markforged-announce-new-3d-printed-nasal-swab-that-provides-better-accuracy-than-current-covid-19-testing|access-date=2020-10-22}}</ref> The effort was renamed Swab56, which developed 55 prototypes over the course of 36 hours before a final design was reached.<ref>{{Cite web|title=This Boston Company Helped Create 6,000 Face Shields by Leveraging Its Digital Community|url=https://www.builtinboston.com/2020/06/04/markforged-helped-create-face-shields-digital-community|access-date=2020-10-22|website=Built In Boston|language=en}}</ref>
== Business ==
== Business ==
In July 2013, Markforged raised $1.1 million in seed funding from North Bridge Venture Partners and Matrix Partners, and in May 2014, the company raised $8.5 million in series A funding.<ref>{{Cite web|title=With $1.1 million in bank, MarkForged prepares to deliver first-of-its-kind 3D printer|url=http://www.betaboston.com/news/2014/03/07/with-1-1-million-in-funding-markforged-prepares-to-start-delivering-first-of-a-kind-3d-printer/|access-date=2020-09-16|website=www.betaboston.com|language=en-US}}</ref> <ref name="bray2018" /> By 2017, Markforged has secured investments from [[M12 (venture capital)|Microsoft Ventures]], [[Porsche SE]], Tinity Ventures and [[Siemens]]-backed Next47 amounting to US$57 million.<ref>{{Cite web|date=2017-11-01|title=Microsoft, Siemens and Porsche invest $30 million in Markforged, update on Metal X|url=https://3dprintingindustry.com/news/microsoft-siemens-porsche-invest-30-million-markforged-update-metal-x-123620/|access-date=2020-09-16|website=3D Printing Industry|language=en-US}}</ref><ref>{{Cite web|title=Markforged raises $30 million from industrial investors|url=https://social.techcrunch.com/2017/11/01/markforged-raises-30-million-from-industrial-investors/|access-date=2020-09-16|website=TechCrunch|language=en-US}}</ref><ref name="bray2018" /> By 2017, venture capital firms Matrix Partners, Trinity Ventures and Northbridge Venture Partners had contributed funding as well.<ref name="bray2017">{{Cite news|last=Bray|first=Hiawatha|url=https://www.newspapers.com/clip/47641377/the-boston-globe/|title=New generation of 3-D printers can make objects of steel|date=October 23, 2017|work=Boston Globe|access-date=March 29, 2020|url-status=live|issue=115|volume=292|pages=B8, B10|via=Newspapers.com}} This is the second part of the article, from page B10; here is the segment on page B8: "[https://www.newspapers.com/clip/47641336/the-boston-globe/ Thinking Outside the Mold]".</ref> By March 2019, Markforged reached funding of US$136.8 million since its founding after raising $82 million in series D funding led by [[Summit Partners]].<ref>{{Cite web|title=Markforged raises $82 million for its industrial 3D printers|url=https://social.techcrunch.com/2019/03/20/markforged-raises-82-million-for-its-industrial-3d-printers/|access-date=2020-09-16|website=TechCrunch|language=en-US}}</ref><ref name="bray2019">{{Cite news|last=Bray|first=Hiawatha|url=https://www.newspapers.com/clip/47642772/the-boston-globe/|title=3-D Printing Firm Scores More Impressive Fund-Raising|date=March 21, 2019|work=Boston Globe|access-date=March 29, 2020|url-status=live|issue=80|volume=295|page=B7|via=Newspapers.com}}</ref>
In July 2013, Markforged raised $1.1 million in seed funding from North Bridge Venture Partners and Matrix Partners, and in May 2014, the company raised $8.5 million in series A funding.<ref>{{Cite web|title=With $1.1 million in bank, MarkForged prepares to deliver first-of-its-kind 3D printer|url=http://www.betaboston.com/news/2014/03/07/with-1-1-million-in-funding-markforged-prepares-to-start-delivering-first-of-a-kind-3d-printer/|access-date=2020-09-16|website=www.betaboston.com|language=en-US}}</ref> <ref name="bray2018" /> By 2017, Markforged has secured investments from [[M12 (venture capital)|Microsoft Ventures]], [[Porsche SE]], Tinity Ventures and [[Siemens]]-backed Next47 amounting to US$57 million.<ref>{{Cite web|date=2017-11-01|title=Microsoft, Siemens and Porsche invest $30 million in Markforged, update on Metal X|url=https://3dprintingindustry.com/news/microsoft-siemens-porsche-invest-30-million-markforged-update-metal-x-123620/|access-date=2020-09-16|website=3D Printing Industry|language=en-US}}</ref><ref>{{Cite web|title=Markforged raises $30 million from industrial investors|url=https://social.techcrunch.com/2017/11/01/markforged-raises-30-million-from-industrial-investors/|access-date=2020-09-16|website=TechCrunch|language=en-US}}</ref><ref name="bray2018" /> By 2017, venture capital firms Matrix Partners, Trinity Ventures and Northbridge Venture Partners had contributed funding as well.<ref name="bray2017">{{Cite news|last=Bray|first=Hiawatha|url=https://www.newspapers.com/clip/47641377/the-boston-globe/|title=New generation of 3-D printers can make objects of steel|date=October 23, 2017|work=Boston Globe|access-date=March 29, 2020|url-status=live|issue=115|volume=292|pages=B8, B10|via=Newspapers.com}} This is the second part of the article, from page B10; here is the segment on page B8: "[https://www.newspapers.com/clip/47641336/the-boston-globe/ Thinking Outside the Mold]".</ref> By March 2019, Markforged reached funding of US$136.8 million since its founding after raising $82 million in series D funding led by [[Summit Partners]].<ref>{{Cite web|title=Markforged raises $82 million for its industrial 3D printers|url=https://social.techcrunch.com/2019/03/20/markforged-raises-82-million-for-its-industrial-3d-printers/|access-date=2020-09-16|website=TechCrunch|language=en-US}}</ref><ref name="bray2019">{{Cite news|last=Bray|first=Hiawatha|url=https://www.newspapers.com/clip/47642772/the-boston-globe/|title=3-D Printing Firm Scores More Impressive Fund-Raising|date=March 21, 2019|work=Boston Globe|access-date=March 29, 2020|url-status=live|issue=80|volume=295|page=B7|via=Newspapers.com}}</ref>

Revision as of 12:34, 22 October 2020

Markforged
Company typePrivate
IndustryAdditive manufacturing
Genre3D printing
Founded2013[1]
FounderGregory Mark[2]
Headquarters
Watertown, Massachusetts[3]
,
United States
Key people
David Benhaim (Co-Founder & CTO), Shai Terem (COO & President)[3]
Products3D printing systems
Websitewww.markforged.com

Markforged is a privately-held additive manufacturing company that designs, develops, and manufactures a smart industrial platform of 3D printers, software and materials that empowers manufacturers to print strong parts at the point-of-need. The company is headquartered in Watertown, Massachusetts in the Greater Boston Area. Markforged was founded by Chief Executive Officer (CEO) Gregory Mark and Chief Technology Officer (CTO) David Benhaim in 2013. It produced the first 3D printers capable of printing continuous carbon fiber reinforcement and pure copper and utilizes a cloud architecture that makes the platform better each part it prints.

History

The company debuted as a start-up at "SolidWorks World 2014" in San Francisco with a working prototype of the "Mark One" printer, capable of printing in continuous carbon fiber (the first to do so), fiberglass, nylon and polylactic acid (PLA).[2] Production machines can also print kevlar.[4] In 2020, the company became the first to market a 3D-printer system capable of printing pure copper, a version of the company's "Metal X" system; the methodology had been in development for some time and involves the use of plastic-encapsulated copper pellets as the raw material.[3] This has been referred to as ADAM (Atomic Diffusion Additive Manufacturing) technology.[4]

In March 2018, Markforged was sued by a rival 3D-printer manufacturer, Desktop Metal, which claimed intellectual property theft and patent infringement in regard to methods patented by Desktop Metal involving "adding layers of an easily removed material to a printed metal product".[5] A finding in favor of Markforged was rendered in the patent infringement case in July 2018.[6]

January 2019 saw the publication of a new UL Standard, 2904, "ANSI/CAN/UL Standard Method for Testing and Assessing Particle and Chemical Emissions from 3D Printers".[7] Markforged noted in October 2019 that it was pursuing certification against this new standard, claiming that they "use a plastic compound that generates lower emissions than many competing machines."[8]

In December 2019, Markforged appointed Shai Terem as President and Chief Operating Officer. Terem joined the team from Kornit Digital, a digital printing company specialising in textiles, where he served as President of the Americas region. Terem had previous experience in additive manufacturing, having worked at Stratasys years prior.[9]

In early 2020, Markforged became the first known additive manufacturing platform to achieve ISO/IEC 27001 Certification. ISO/IEC 27001:2013 is an Information Security Management System (ISMS) standard published by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC). [10]The certification was applied to Markforged’s hardware and Eiger cloud and fleet management software, showing that they meet rigorous international standards in privacy, confidentiality and integrity.[11]

During the 2020 COVID-19 pandemic Markforged helped produce over 6,000 face shields in the first three months and partnered with a company called Neurophotometrics to produce Fiberflex Rayon, a 3D printed nasopharyngeal swab for use in diagnostic testing for COVID-19.[12] The effort was renamed Swab56, which developed 55 prototypes over the course of 36 hours before a final design was reached.[13]

Business

In July 2013, Markforged raised $1.1 million in seed funding from North Bridge Venture Partners and Matrix Partners, and in May 2014, the company raised $8.5 million in series A funding.[14] [5] By 2017, Markforged has secured investments from Microsoft Ventures, Porsche SE, Tinity Ventures and Siemens-backed Next47 amounting to US$57 million.[15][16][5] By 2017, venture capital firms Matrix Partners, Trinity Ventures and Northbridge Venture Partners had contributed funding as well.[1] By March 2019, Markforged reached funding of US$136.8 million since its founding after raising $82 million in series D funding led by Summit Partners.[17][18]

The business model of Markforged is based on the sale of industrial 3D printers to replace traditional metal manufacturing methods, with the prediction that companies will find parallel printing across many machines continuously to be attractive.[1] The company's closest competitor is Desktop Metal.[18]

References

  1. ^ a b c Bray, Hiawatha (October 23, 2017). "New generation of 3-D printers can make objects of steel". Boston Globe. Vol. 292, no. 115. pp. B8, B10. Retrieved March 29, 2020 – via Newspapers.com.{{cite news}}: CS1 maint: url-status (link) This is the second part of the article, from page B10; here is the segment on page B8: "Thinking Outside the Mold".
  2. ^ a b Chang, Alexandra (January 27, 2014). "New 3D Printer by MarkForged Can Print With Carbon Fiber". Popular Mechanics. New York, New York: Hearst. Retrieved March 29, 2020.{{cite web}}: CS1 maint: url-status (link)
  3. ^ a b c Garsten, Ed (February 13, 2020). "Copper 3D Printing Breakthrough Could Cut Cost Of Electric Vehicle Parts, Boost Power". Forbes. Jersey City, New Jersey: Forbes Media. Retrieved March 29, 2020.{{cite web}}: CS1 maint: url-status (link)
  4. ^ a b Galantucci LM, Guerra MG, Dassisti M, Lavecchia F (2019). "Additive Manufacturing: New Trends in the 4th Industrial Revolution". In Monostori L, Majstorovic VD, Hu SJ, Djurdjanovic D (eds.). Proceedings of the 4th International Conference on the Industry 4.0 Model for Advanced Manufacturing (AMP 2019). Springer. p. 159. ISBN 978-3-030-18180-2 – via Google Books.
  5. ^ a b c Bray, Hiawatha (July 14, 2018). "Makers of 3-D printers in battle". Boston Globe. Vol. 294, no. 14. p. A8. Retrieved March 29, 2020 – via Newspapers.com.{{cite news}}: CS1 maint: url-status (link)
  6. ^ Bray, Hiawatha (July 31, 2018). "Watertown Company Wins First Round in 3-D Printing Court Fight". Boston Globe. Vol. 294, no. 31. p. C3. Retrieved March 29, 2020 – via Newspapers.com.{{cite news}}: CS1 maint: url-status (link)
  7. ^ "Standard 2904, Edition 1". UL Standards Sales Site. Retrieved March 29, 2020.{{cite web}}: CS1 maint: url-status (link)
  8. ^ Bray, Hiawatha (October 2, 2019). "Some 3-D printers could emit dangerous gases, microscopic plastic". Boston Globe. pp. B6, B9. Retrieved March 29, 2020 – via Newspapers.com.{{cite news}}: CS1 maint: url-status (link) This is the second part of the article, from page B9; here is the segment on page B6: "Some 3-D printers could be hazerdous"
  9. ^ "Markforged Appoints Shai Terem as President and Chief Operating Officer". www.businesswire.com. December 3, 2019. Retrieved October 22, 2020.
  10. ^ Griffiths, Laura (February 7, 2020). "Markforged 3D printing platform achieves ISO 27001 security certification". TCT Magazine. Retrieved October 22, 2020.
  11. ^ "Markforged achieves ISO 27001 certification". Metal Additive Manufacturing. February 19, 2020. Retrieved October 22, 2020.
  12. ^ "Neurophotometrics and Markforged Announce New 3D Printed Nasal Swab that Provides Better Accuracy than Current COVID-19 Testing". Bloomberg.com. April 9, 2020. Retrieved October 22, 2020.
  13. ^ "This Boston Company Helped Create 6,000 Face Shields by Leveraging Its Digital Community". Built In Boston. Retrieved October 22, 2020.
  14. ^ "With $1.1 million in bank, MarkForged prepares to deliver first-of-its-kind 3D printer". www.betaboston.com. Retrieved September 16, 2020.
  15. ^ "Microsoft, Siemens and Porsche invest $30 million in Markforged, update on Metal X". 3D Printing Industry. November 1, 2017. Retrieved September 16, 2020.
  16. ^ "Markforged raises $30 million from industrial investors". TechCrunch. Retrieved September 16, 2020.
  17. ^ "Markforged raises $82 million for its industrial 3D printers". TechCrunch. Retrieved September 16, 2020.
  18. ^ a b Bray, Hiawatha (March 21, 2019). "3-D Printing Firm Scores More Impressive Fund-Raising". Boston Globe. Vol. 295, no. 80. p. B7. Retrieved March 29, 2020 – via Newspapers.com.{{cite news}}: CS1 maint: url-status (link)
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