Desktop Metal raises $65M

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Metal 3D printing company Desktop Metal has raised $65 million. The financing was led by Ford Motor Company, with participation from existing investor Future Fund.

Dr. Ken Washington, vice president of Research and Advanced Engineering and chief technology officer at the Ford Motor Company, will join Desktop Metal’s board.

Since its inception, Desktop Metal has raised a total of $277 million in financing. Investors in the startup include New Enterprise Associates (NEA), Future Fund, GV (formerly Google Ventures), GE Ventures, BMW iVentures, Techtronic Industries, Lowe’s, Lux Capital, Vertex Ventures, Moonrise Venture Partners, DCVC Opportunity, Tyche, Kleiner Perkins Caufield & Byers, Shenzhen Capital Group (SCGC), Saudi Aramco, and 3D printing company Stratasys.

[Image courtesy: Desktop Metal]