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Formlabs

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Formlabs
Company typePrivate
Industry3D printing/

Stereolithography/

Selective laser sintering
FoundedSeptember 2011
FounderMaxim Lobovsky, David Cranor, and Natan Linder
Headquarters
Somerville, Massachusetts
,
United States
RevenueIncrease $82.5 million (2021)[1]
Number of employees
500
Websiteformlabs.com

Formlabs is a 3D printing technology developer and manufacturer. The Somerville, Massachusetts-based company was founded in September 2011 by three MIT Media Lab students. The company develops and manufactures 3D printers and related software and consumables. It is most known for raising nearly $3 million in a Kickstarter campaign and creating the Form 1, Form 1+, Form 2, Form Cell, Form 3, Form 3L, Fuse 1, Fuse 1+ and Form Auto stereolithography and selective laser sintering 3D printers and accessories.[2]

History

Formlabs was founded by Maxim Lobovsky, Natan Linder, and David Cranor, who met as students at the MIT Media Lab while taking a class called "How to Make (almost) Anything". The founders also drew on their experience with MIT's Center for Bits and Atoms Fab Lab program, as well as Lobovsky's experience with the Fab@Home project at Cornell University.

Formlabs was officially founded in September 2011 to develop the first desktop-sized, easy-to-use, and affordable stereolithography 3D printer. Formlabs received early seed funding from investors including Mitch Kapor, Joi Ito, and Eric Schmidt’s Innovation Endeavors.

In November 2012, Formlabs was sued by the industrial 3D printing giant 3D Systems that claimed rights to the stereolithography technology that the Form 1 uses.[3] The lawsuit was dismissed in 2014, after the two parties settled.[4]

In October 2013, Formlabs closed an additional $19 million Series A round of financing led by DFJ Growth, joined by Pitango Venture Capital, Innovation Endeavors, and returning angel investors.[5]

In 2015, Formlabs opened their second office in Berlin, Germany.[6] In August 2015, Michael Sorkin, former co-founder of iGo3D, joined Formlabs to serve as the managing director of their European headquarters.[7]

In August 2016, Formlabs raised $35 million in series B funding led by Foundry Group.[8]

In April 2018, Formlabs raised $30 million in series C funding led by Tyche Partners, with investors including the municipally-owned Shenzhen Capital Group.[9] The company said it would use the funding to expand its product portfolio and scale operations to meet increasing customer demand, particularly from Asia.[10]

In August 2018, Formlabs raised $15 million from New Enterprise Associates, valuing the company at over $1B. As part of that fundraising round, Jeff Immelt was appointed to the company's board of directors.[11]

In May of 2021, Formlabs raised a $150 million Series E round from the Softbank Vision Fund 2, bringing the valuation to $2B.[12]

Products

Form 1

In October 2012, Formlabs publicly announced its first product, the Form 1 3D printer, in a Kickstarter campaign that raised a record-breaking $2.95 million in funding[13] making the Form 1 one of the most highly funded crowdfunding projects up until that time. Form 1 3D printers began shipping to backers in May 2013 after months of delayed production.[14][15] The Form 1 used a 3D printing process known as stereolithography, wherein liquid resin is cured, or hardened, into a solid material by the application of laser light. Although previously available in larger, more expensive machines, the Form 1 offered stereolithography in a smaller, more affordable desktop-class device.

Form 1+

Form 1+

On June 10, 2014, Formlabs released the Form 1+ 3D Printer, which replaced the Form 1 in their product line. Improvements included speed, print quality, and reliability.[16] The Form 1+ was officially sunsetted March 15, 2017.[17]

Form 2

On September 22, 2015, Formlabs announced the Form 2 printer, including a larger build volume and a wiper. It also switches to a cartridge resin system, instead of bottles that needed to be manually poured into the Form 1 & Form 1+. Third-party resins can be used with Open Mode.[18] The Form 2 was named Best Resin Printer for 2019 by Tom's Guide in their annual rankings.[19] The Form 2 is scheduled to be officially sunsetted in 2023.[20]

Form Wash and Form Cure

On May 5, 2017, Formlabs announced the Form Wash and the Form Cure. Together with the Form 2, they complete the SLA engine. The Form Wash is a washing machine used to automatically clean liquid resin off of printed 3D models. The Form Cure is an ultraviolet postcuring system. After printing, the build platform on the Form 2 can be removed and installed on the Form Wash, which uses an impeller to agitate 3D printed parts in isopropyl alcohol. The Form Cure heats parts up to 80 degrees Celsius and uses thirteen 405 nanometer UV LEDs.[21][22]

Fuse 1

On June 5, 2017, Formlabs announced the Fuse 1, a selective laser sintering 3D printer. It has a much larger build volume than the Form line of printers, a removable build chamber, and uses nylon powder.[23]

Form 3, Form 3B, Form 3L and Form 3BL

On April 2, 2019, Formlabs announced the 4th Generation of their SLA printers, the Form 3 and Form 3L, designed for use by artists, designers, and other professionals. The Form 3 offers a larger print area than the Form 2 as well as Low Force Stereolithography (LFS), a new SLA technology developed by Formlabs that promises smoother surface finish and more detailed prints. The Form 3L utilizes the same optics engine as the Form 3, including LFS, with five times the build volume. Additional improvements include an upgraded optics engine, modular components to simplify repair and integrated sensors to improve print success and usability. This earned it the title of Best Resin Printer of 2019 by The Mediahq.[24]

On November 12, 2019, Formlabs launched the Form 3B, a variant of the Form 3 specially designed for the dental industry. Unlike the Form 3, the Form 3B is compatible with Formlabs' array of specialty dental materials.[25] The only exception is Form 3 printers designated "Early 2019" which retain the dental material capabilities from its initial release.[26]

In 2020, the company launched Form 3BL, which features the larger platform of the Form 3L, along with the material capabilities of the Form 3B.[27]

In 2022 at CES, the company announced the Form 3+ and Form 3B+ which are updated versions of the Form 3/3B with improved LPU/Laser stability, better heating and monitoring of the build chamber, true light touch supports, and the new build platform 2, which uses a flexible stainless steel sheet held with magnets to a base in order to make removing the parts from the build plate faster and easier than the original build platform the first shipped with the Form 2.[28]

Form Cell

On June 5, 2017, Formlabs announced the Form Cell, a cell of Form 2 3D printers, as well as a Form Wash and a robotic gantry system. It is completely automated and can be used as a 24-hour digital "factory".[29]

PreForm

Formlabs provides a free software package called PreForm, designed to prepare 3D models for printing on the Form 1, Form 1+, Form 2, Form 3, and Fuse 1. Some of the features of PreForm include automatic model orientation and support structure generation.[30]

Nasopharyngeal Swabs

As the COVID-19 pandemic took off in March 2020, Formlabs, working with, Northwell Health and the University of South Florida developed a 3D printed nasopharyngeal swab made from biocompatible resins. After receiving FDA Class I Exempt status, Formlabs quickly went into production; its printing facility in Ohio was initially able to produce 150,000 swabs daily, and the design was released so that hospitals with their own printers can make swabs. Northwell and the University of South Florida were each immediately able produce 1,500 swabs daily with printers they already had.[31][32][33]

Form Auto

In January of 2023 at CES, Formlabs announced the successor to its Form Cell program by introducing the Form Auto. The Form Auto automates the Form 3 printer and enables users to remotely open the cover, start prints, and clear parts off the build platform.[34]

Form 4

On April 17th, 2024, Formlabs announced its forth generation printer the Form 4.[35] This is the first Formlabs printer to use a LCD screen as opposed to lasers used in the first three generations of machines.

Documentary

Formlabs is featured in Print the Legend,[2] a documentary that tells the stories of several leading companies in the desktop 3D printer industry. The film premiered at SXSW in March 2014, and was released internationally on Netflix[36] on September 26, 2014.

See also

References

  1. ^ "Formlabs Revenue: Annual, Quarterly, and Historic - Zippia". www.zippia.com. December 14, 2021.
  2. ^ a b "Formlabs, a leader in desktop 3D printing". Tech Gen Mag. November 8, 2014. Retrieved February 4, 2016.
  3. ^ "3D Systems Sues Formlabs and Kickstarter for Patent Infringement". WIRED. Retrieved December 24, 2017.
  4. ^ Biggs, John (December 1, 2014). "3D Systems v. Formlabs Patent Lawsuit Dismissed".
  5. ^ "Formlabs, maker of desktop 3D printers, collects $19 million in fresh funding". Boston.com. October 24, 2013. Retrieved May 18, 2014.
  6. ^ "Formlabs doubles staff and expands distribution network in Europe". TCT Magazine. December 10, 2015. Retrieved April 7, 2017.
  7. ^ "iGo3D's Michael Sorkin Takes Over as Formlabs' EU Lead | 3DPrint.com | The Voice of 3D Printing / Additive Manufacturing". 3dprint.com. August 12, 2015. Retrieved April 7, 2017.
  8. ^ "Formlabs raises $35 million series B, announces Autodesk partnership". TechCrunch. August 4, 2016. Retrieved August 4, 2016.
  9. ^ Dawson, Shawn (July 5, 2018). "The AI arms race: the tech fear behind Donald Trump's trade war with China". The Financial Times. The result, announced by the company in May, was a $30m investment from a group that included Shenzhen Capital Group, a venture capital firm launched in the late 1990s by the southern city's municipal government.
  10. ^ Heater, Brian (April 23, 2018). "Formlabs scores another $30 million in funding". TechCrunch. Archived from the original on April 24, 2018. Retrieved April 25, 2018.
  11. ^ "Formlabs Closes on Funding Round from NEA Bringing Valuation over One Billion and Names Jeff Immelt to Board of Directors". August 1, 2018. Retrieved April 4, 2024.
  12. ^ "Formlabs Doubles Valuation to $2 Billion with Close of $150 Million Series E Led By SoftBank Vision Fund 2". May 19, 2021. Retrieved April 4, 2024.
  13. ^ "FORM 1: An affordable, professional 3D printer". Kickstarter. Retrieved May 18, 2014.
  14. ^ "Formlabs ships first Form 1 3D printer, Kickstarter backers should see theirs next week". Engadget. May 17, 2013. Retrieved May 18, 2014.
  15. ^ "Watch Print the Legend Online | Netflix". www.netflix.com. Retrieved December 31, 2016.
  16. ^ "Formlabs reveals the Form 1+, a faster and more reliable SLA 3D printer". Gigaom. June 10, 2014. Retrieved July 15, 2014.
  17. ^ "Formlabs sunsets the Form 1+". Formlabs.com. March 15, 2017. Retrieved September 24, 2018.
  18. ^ "Form 2: Desktop Stereolithography (SLA) 3D Printer". Formlabs. Retrieved December 24, 2017.
  19. ^ "Best 3D Printers 2019". finance.yahoo.com. Retrieved July 11, 2019.
  20. ^ "Ongoing Support for the Form 2". Formlabs Community Forum. April 2, 2019. Retrieved February 1, 2022.
  21. ^ "Form Wash and Form Cure: Automated Post-Processing". Formlabs. Retrieved December 24, 2017.
  22. ^ "Form Wash and Form Cure: Professional Post-Processing". Retrieved December 24, 2017.
  23. ^ "Fuse 1: Benchtop Selective Laser Sintering (SLS) 3D Printer". Formlabs. Retrieved December 24, 2017.
  24. ^ "Best Home 3D Printers 2019 - Reviews for Beginners and Enthusiasts". The Mediahq. October 21, 2019. Retrieved October 22, 2019.
  25. ^ "Formlabs New Dental Unit & The Formlabs 3B: Dentistry Done Different". 3Dprint.com. November 12, 2019. Retrieved March 10, 2020.
  26. ^ "Form 3B Announcement!". Formlabs Community Forum. November 12, 2019. Retrieved February 1, 2022.
  27. ^ "Form 3BL: Formlabs introduces large-format dental 3D printer". 3dprintingmedia.network. September 15, 2020. Retrieved November 21, 2020.
  28. ^ "Introducing the Form 3+ and Form 3B+, New Improvements to the Best Selling SLA Ecosystem". Formlabs. Retrieved February 1, 2022.
  29. ^ "Form Cell: Automated 3D Printing Solutions". Formlabs. Retrieved December 24, 2017.
  30. ^ "PreForm Software: Prepare Your Models for Printing | Formlabs". formlabs.com. Retrieved December 24, 2017.
  31. ^ Formlabs Is 3D Printing More than 100,000 COVID-19 Test Swabs Daily, PlasticsToday, March 29, 2020.
  32. ^ Sarah Worth, USF Health, Northwell Health, Tampa General Hospital and Formlabs Join Forces to Create 3D Printed Nasal Swabs to Test for COVID-19, USF Health News, March 28, 2020
  33. ^ Linda Carroll, New York's Northwell Health begins 3D printing nasal swabs for coronavirus testing, Reuters, March 31, 2020
  34. ^ "Form Auto". Formlabs. Retrieved February 22, 2023.
  35. ^ Hollister, Sean (April 17, 2024). "Formlabs' new pro 3D printers claim 2–5x speed by ditching lasers for an LCD screen". The Verge. Retrieved April 18, 2024.
  36. ^ "Netflix Acquires 3D Printing Documentary 'Print the Legend'". Variety. Retrieved July 20, 2014.
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