Hopes are high that additive manufacturing, better known as 3D printing, will continue to advance in order to expand modern manufacturers capabilities. There is a host of companies out there doing their part to improve the technology and offer manufacturers equipment that can benefit their operation. One company in particular, Desktop Metal is doing incredible things for 3D printing technology and it could mean big things for industrial manufacturers working with metal.
Recently completing a $115 million Series D investment round, they are one step closer to accelerating their company forward and speeding up adoption of its end-to-end metal 3D printing systems. In total, since their inception in October of 2015, Desktop Metal raised $212 million in financing.
This company already has some impressive clients under their belt. Some of the companies include Lowe’s, Caterpillar and BMW just to name a few of their early clients. However, they haven’t just enticed these big names to use their technology by promising them incredible capabilities without being able to deliver. On the contrary, according to the Desktop Metal, their machines are able to print objects at up to 100-times the speed of the leading competitors Metal 3D printing machines.
As of now, many of the companies working with Desktop Metal’s 3D printing equipment use Studio, a prototyping machine the company announced last year. However, the upcoming Production is a system designed to bring this impressive technology to the manufacturing industry and in an impressive way.
Speed has always been the main issue when it comes to 3D printing for the modern manufacturer. Metal 3D printing can pose a series of challenges and most of the printers out there sacrifice speed for accuracy and quality. The Production system was designed to fill this void. It isn’t meant to replace conventional manufacturing any time soon but it will be ideal for smaller, specialty parts or short runs. Having the ability to print 500 cubic inches of metal per hour, this could equate to manufacturing millions of parts per year for a single machine.
“You don’t need tooling,” CEO Ric Fulop told TechCrunch. He continues to explain, “You can make short runs of production with basically no tooling costs. You can change your design and iterate very fast. And now you can make shapes you couldn’t make any other way, so now you can lightweight a part and work with alloys that are very, very hard, with very extreme properties,” http://tcrn.ch/2uFLKEw
Find out more about Desktop Metal’s latest 3D printer with the video below.
3D printing has come so far in the past few years as printing metal becomes more practical. Manufacturers who once saw the technology as a worthwhile prototyping technology are now starting to consider metal 3D printers for end use parts. It’s incredible how much the technology progressed but this is sure to be just the beginning. Be sure to check back on MFGTalkRadio.com for the latest developments influencing the future of manufacturing.
Desktop Metal gets $115 million in funding to deliver metal 3D printing for manufacturing