SoftBank has led the series E round, doubling MIT Media Labs spinout Formlabs’ valuation to $2bn in the process.
Formlabs, a US-based 3D printing technology developer spun out of MIT Media Lab and its Center for Bits and Atoms, received $150m in a series E round yesterday led by telecommunications conglomerate SoftBank’s Vision Fund 2.
The round valued Formlabs at $2bn, doubling its previous valuation.
Founded in 2011, Formlabs produces 3D printers, materials and software for sectors such as healthcare, where they have been used to manufacture tens of millions of nasopharyngeal swabs for covid tests.
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Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
