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Markforged

HardwareWaltham, Massachusetts, USAFounded 2013· One of 1805 Hardware companies tracked by AMPulse

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
Acquired
Key Investors
Microsoft, Porsche SE, Siemens, Matrix Partners China (经纬中国), 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 Apr: Acquired by Nano Dimension for $116M

Notable Customers

U.S. Air Force", "U.S. Army", "SpaceX", "Ford", "Toyota", "Lockheed Martin", "Dixon Valve", "Major aerospace and defense contractors

https://markforged.com

Recent coverage of Markforged

Equipment deals on record

Publicly disclosed purchases or installs only.

  • Phillips Hybrid Manufacturing SystemBuyer: BlueForge Alliance · Supplier: Markforged
  • PROCUREMENT OF METAL-POWDER BINDER JETTING 3D PRINTERBuyer: National Institute of Standards and Technology · Supplier: MARKFORGED INC
View full equipment ledger

Why this company matters

AMPulse analysis, not a company disclosure

Markforged occupies a distinctive position in additive manufacturing by combining continuous carbon fiber reinforcement with metal extrusion in a single ecosystem. Its proprietary Atomic Diffusion Additive Manufacturing (ADAM) process and continuous fiber fabrication (CFF) technology allow users to produce parts with mechanical properties approaching those of machined metal, at a fraction of the cost and lead time of traditional methods. The company targets manufacturers in aerospace, automotive, healthcare, defense, and industrial production who need durable, functional components rather than prototypes.

The product line spans desktop to large-format systems: the Mark Two and X7 for continuous carbon fiber, the Metal X for metal extrusion using materials like 17-4 PH stainless steel, H13 tool steel, and Inconel 718, and the FX20 and FX10 for large-format composite printing. All machines run on the Eiger cloud-based software platform, which handles print preparation, simulation, and fleet management. This unified hardware-software approach differentiates Markforged from competitors like Desktop Metal and HP, which focus primarily on metal binder jetting or polymer powder bed fusion.

Notable customers include the U.S. Air Force, U.S. Army, SpaceX, Ford, Toyota, and Lockheed Martin, reflecting adoption across both prototyping and production environments. The company went public via a SPAC merger in 2021 and raised $347 million from investors including Microsoft, Porsche SE, Siemens, and Matrix Partners. In September 2024, Nano Dimension announced an all-cash acquisition of Markforged for $115 million, which closed on April 25, 2025. The acquisition provides Markforged with access to Nano Dimension's electronics and advanced packaging capabilities, though integration risks and overlapping product lines remain open questions.