Formlabs
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| Industry | 3D printing/Stereolithography |
|---|---|
| Founded | September 2011 |
| Founder | Maxim Lobovsky, David Cranor, and Natan Linder |
| Headquarters | Somerville, Massachusetts, United States |
| Website | formlabs |
Formlabs is a Somerville, Massachusetts-based company that was founded in September 2011. Formlabs designs and manufactures desktop 3D printers, and is well known for raising nearly $3 million in a Kickstarter campaign and creating the Form 1 and Form 2 3D printers.
Formlabs was founded by Maxim Lobovsky, Natan Linder, and David Cranor, who met as students at the MIT Media Lab while taking the 'How to Make (almost) Anything' class. The founders also drew on their experience with MIT’s Center for Bits and Atoms Fab Lab program, as well as Lobovsky's experience with the Fab@Home project at Cornell University.
Formlabs was officially founded in September 2011 to develop an easy-to-use and affordable desktop stereolithography 3D printer. Formlabs received early seed funding from investors including Mitch Kapor, Joi Ito, and Eric Schmidt’s Innovation Endeavors.
In November 2012, Formlabs was sued by the industrial 3D printing giant 3D Systems that claimed rights to the stereolithography technology that the Form 1 uses.
In October 2013, Formlabs closed an additional $19 million Series A round of financing led by DFJ Growth, joined by Pitango Venture Capital, Innovation Endeavors, and returning angel investors.
In August 2016, Formlabs raised $35 million in series B funding led by Foundry Group.
In October 2012, Formlabs publicly announced its first product, the Form 1 3D printer, in a Kickstarter campaign that raised a record breaking $2.95 million in funding making the Form 1 one of the most highly funded crowdfunding projects of all time. Form 1 3D printers began shipping to backers in May 2013 after months of delayed production. The Form 1 uses a 3D printing process known as stereolithography, wherein liquid resin is cured, or transformed, into a solid material by the application of laser light. Although previously available in larger, more expensive machines, the Form 1 offers stereolithography in a smaller, more affordable desktop-class device.
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