Two years ago, a startup was born out of one of the most successful Kickstarter campaigns of all-time. Formlabs, the brainchild of founders Maxim Lobovsky, David Cranor, and Natan Linder, raised a staggering $2,945,885 on the crowdfunding website for their Form 1 SLA 3D printer. Despite a tumultuous first year where the company had repeated delays in shipping its units to backers, and pending patent litigation with 3D Systems, they have certainly created a name for themselves.
After recieving a $19 million Series A round of financing, led by DFJ Growth, the company has been firing on all cylinders. In June of this year, Formlabs announced their latest printer, the Form 1+ which featured a much more powerful laser for faster print speeds, as well as other key improvements over their first machine.
In order for the company to continue its growth, they need to make their products available to new markets other than just the United States and Europe. That’s exactly what they intend to do, announcing today an expansion of their distribution channels, as well as customer support to Australia and Singapore. This is in response to a growing interest in this region of the world for 3D printers in general.
“We are excited to bring the Form 1+ to users in Australia and Singapore,” said Formlabs co-founder, Max Lobovsky. “They are important markets, and we’ve received many requests to include them in our distribution. We created Formlabs to empower engineers and designers all over the world to create remarkable things. We’re really happy to be able to offer our product to users in Australia and Singapore.”
The Somerville, Mass. company will thus be providing the same level of customer experience to these new markets, providing their one-year warranty, support, and printer maintenance services at no additional cost.
As the market and competition for 3D printers, based on stereolithography technology is about to expand with Autodesk’s Spark platform and 3D printer coming to market, now seems to be the perfect time for the company to extend their reach to some of the areas of the world seeing the most growth within the industry.
Do you own either of the Formlabs 3D printers? What do you think about their expansion to the east? Let’s hear your thoughts in the Formlabs forum thread on 3DPB.com.
You May Also Like
A 2020 View of Metal Additive Manufacturing
Yes, the title is ironic. No view of the future is 20/20, especially ours, although John has been eyeing some 3D printed custom Titanium frames to help sharpen the outlook....
Formnext 2019: A lot of new players, but where is the business value?
As the end of the year approaches, the additive manufacturing industry gathers in Frankfurt for the biggest event of the year: Formnext. For a week in November, the entire world...
2019 Year in Review: Desktop 3D Printing
In 2019 desktop 3D printing continued its onward march towards greater adoption. And, by now, it doesn’t look all that different from the industrial space, in may ways. New Products...
SmarTech Analysis Launches New Data Product Addressing Parts Produced by Additive Manufacturing
Industry analyst firm SmarTech Analysis today announced a new data product geared towards addressing the critical metric of additively manufactured parts produced. The Additive Manufacturing Applications Market Analysis Report is a...
View our broad assortment of in house and third party products.