Companies
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Formlabs
Hardware
Formlabs is a Massachusetts-based 3D printing company known for its stereolithography (SLA) desktop and benchtop 3D printers used by engineers, designers, dentists, and other professionals.
$1.52B
+$23.56
53.11%
30 days ago
$44.37
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Formlabs was founded in 2011 by Maxim Lobovsky, Natan Linder, and David Cranor, MIT Media Lab alumni who set out to make high-resolution, professional-quality 3D printing technology accessible at a much lower price point and smaller physical footprint than the industrial 3D printers that had previously been the primary way to achieve stereolithography-quality resin-based 3D printing, a printing method known for producing smooth, highly detailed parts well suited to prototyping, dental, jewelry, and other applications where fine detail and surface finish matter significantly more than the layer-by-layer texture typical of cheaper filament-based 3D printers. The company's original Form 1 printer, funded through a highly successful Kickstarter campaign, brought stereolithography 3D printing to a desktop form factor and price point accessible to individual engineers, designers, and small businesses for the first time, a category that had previously required printers costing tens or hundreds of thousands of dollars and occupying significant floor space, and Formlabs has continued to iterate its printer lineup and expand into adjacent 3D printing technologies, including selective laser sintering (SLS), another professional-grade 3D printing method well suited to durable, functional parts. Formlabs has built a particularly strong position in the dental industry, where its 3D printers are widely used by dental labs and practices to produce items such as dental models, surgical guides, and increasingly permanent dental appliances, an application area that has become one of the company's most significant vertical markets given the strong fit between stereolithography's precision and dentistry's need for exact-fitting dental products. The company's customer base spans engineers and product designers using its printers for rapid prototyping, as well as specialized professional markets including dental, jewelry, and audiology, where custom-fitted or highly detailed printed parts have significant applications. Formlabs has raised very substantial venture funding from investors including New Enterprise Associates, DFJ Growth, and Kleiner Perkins, reaching a valuation exceeding $2 billion, competing with other desktop and professional 3D printing companies including Carbon and various filament-based printer manufacturers.
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