Desktop Metal, a Boston-area company founded in 2015 focused on 3D printing metal, announced this morning that it raised a new $160 million round.
The new capital follows the firm’s preceding Series D, a $65 million March 2018 funding event. Before today’s new round, Desktop Metal had raised over $276 million. After the new capital, the firm has raised over $430 million since its inception in 2015.
Desktop Metal did not announce a new valuation but was worth over $1 billion in 2017, before its $65 million Series D. Presumably Desktop Metal’s valuation has risen since.
Koch Disruptive Technologies (KDT), the investment arm of Koch Industries, led the latest round, which also included participation from GV (formerly Google Ventures), Panasonic, and Techtronic Industries. Existing investors Lux Capital, New Enterprise Associates (NEA) and Kleiner Perkins, also put money in the Series E.