Desktop Metal Receives $7.9 Million System Order From Major German Car Maker For Mass Production Of Automotive Components
Amount Raised
$7.9 Million
Round Type
Funding Round
BurlingtonOtherManufacturingInformation TechnologyDescription
Desktop Metal (NYSE: DM), a leader in mass production additive manufacturing (AM) solutions, today announced the company has received a $7.9 million order for binder jet additive manufacturing systems from a major German car maker for the mass production of metal automotive powertrain components at scale.
Quick answer
Desktop Metal raised $7.9 Million in a Funding Round round, dated December 9, 2021. Desktop Metal is based in Burlington, Massachusetts, United States.
- How much did Desktop Metal raise?
- Desktop Metal raised $7.9 Million in a Funding Round round on December 9, 2021.
- What does Desktop Metal do?
- Desktop Metal, Inc., based in Burlington, Massachusetts, is accelerating the transformation of manufacturing with an expansive portfolio of 3D printing solutions, from rapid prototyping to mass production.
- Where is Desktop Metal based and how big is it?
- Desktop Metal is based in Burlington, Massachusetts, United States.
Source: Fundz verified event record.
Who else raised in Manufacturing around the same time
Companies in the same sectors as Desktop Metal that raised within 45 days of this round, from Fundz verified event records.
- Hadrian raised $36M on January 7, 2022.
- Air Liquide raised an undisclosed amount on January 21, 2022.
- Blue Current raised $30M on January 21, 2022.
- Alpine 4 Holdings raised $1.2M (Seed) on January 20, 2022.
- Wandercraft raised an undisclosed amount (Series C) on January 20, 2022.
- Modular Devices raised an undisclosed amount (Funding Round) on January 20, 2022.
Who to call at Desktop Metal, and when
A new round usually means Desktop Metal is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Desktop Metal raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Desktop Metal, from your own LinkedIn network
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Fundz sees it the moment Desktop Metal raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Desktop Metal raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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