Markforged
Industrial 3D printing company specializing in carbon fiber and metal additive manufacturing. Acquired by Nano Dimension in a $115M all-cash deal, which closed on April 25, 2025.
- CEO / Founder
- Shai Terem (until acquisition by Nano Dimension on April 25, 2025)
- Team Size
- 201-500
- Stage
- Acquired
- Total Funding
- $347M
- Latest Round
- Post-IPO
- Key Investors
- Microsoft, Porsche SE, Siemens, Matrix Partners, Summit Partners, Next47 (Siemens venture arm)
Technology & Products
Key Products
["FX20 - Large-format industrial composite printer", "X7 - Industrial continuous fiber printer", "Mark Two - Desktop continuous fiber printer", "Metal X - Metal 3D printing system", "FX10 - Next-gen industrial printer", "Eiger Software Platform", "Continuous Carbon Fiber materials", "Metal materials (17-4 PH, H13, Inconel)"]
Technological Advantage
Enables production of metal parts with properties similar to traditional machining, combined with the flexibility and cost benefits of 3D printing.
Differentiation
Value Proposition
Delivers cost-effective, high-strength, and durable 3D printed parts through proprietary technologies like the ADAM process.
How They Differentiate
Unique proprietary technologies for metal and composite 3D printing that enable production of high-strength, end-use parts.
Market & Competition
Target Customers
Manufacturers in aerospace, automotive, healthcare, industrial, and defense sectors.
Industry Verticals
["Aerospace","Automotive","Healthcare","Industrial Manufacturing","Defense"]
Competitors
Desktop Metal; ExOne; HP
Growth & Milestones
Growth Metrics
2024 Revenue: $85.1M (down 9.27% YoY). 2024 Net Loss: $85.57M (improved 17.38%). Q4 2024 Revenue: $22.4M. Gross Margin: 48.3%. Cash: $53.6M (Dec 2024). Being acquired by Nano Dimension at $5/share (~$115M).
Major Milestones
["2013: Founded by Greg Mark in Waltham, Massachusetts", "2014: Launched Mark One, first carbon fiber 3D printer", "2017: Raised $82M Series D", "2021: Went public via SPAC merger (NYSE: MKFG)", "2022: Acquired Digital Metal (metal binder jetting)", "2024 Sep: Nano Dimension announces $115M acquisition at $5/share", "2024 Oct: Shai Terem appointed CEO, replacing founder Greg Mark", "2025: Acquisition by Nano Dimension expected to close"]
Notable Customers
U.S. Air Force", "U.S. Army", "SpaceX", "Ford", "Toyota", "Lockheed Martin", "Dixon Valve", "Major aerospace and defense contractors
Recent coverage of Markforged
- Mark3D UK to showcase Markforged FX20 and MetalX systems at MACH 2026
- Markforged Enhances Digital Forge Platform with Updated Software Suite for Distributed Manufacturing.
- APPLE TREE Corporation has scheduled a webinar for March 27, 2026, titled "Delivery Time is Something You Create," focusing on the integration of Markforged additive manufacturing ...