Machinery : Additive Manufacturing : 3D Printer
[A] Desktop Metal exists to make 3D printing accessible to all Engineers, Designers, and Manufacturers. [B] We are reinventing the way engineering and manufacturing teams produce parts - from prototyping through mass production. [C] We believe 3D printing will change the way parts are designed, manufactured, and sold around the world.
The New Space Race: How 3-D Printing Is Driving Current And Future Space Exploration
The ability to print parts is also helping reduce the complexity of rockets. Dubbed by some as “the most complex flying machine ever built,” the Space Shuttle used a staggering 2.5 million parts. Using 3-D printing, manufacturers can consolidate many of the complex components into multifunction assemblies, which can make them easier, faster and less expensive to produce, as well as more reliable to operate.
As the cost and complexity of manufacturing rockets and rocket engines have decreased in recent years, a number of private space exploration companies have emerged. Among the newest players in the field, our customer Privateer Space, co-founded by Steve Wozniak, is using 3-D printing to create small cube satellites that will monitor and remove debris from orbit.
Shapeways is officially a Publicly-Traded, AM Company via Merger with Galileo Acquisition Corp.
Following the business combination and related PIPE investment, Shapeways will receive $103 million of gross proceeds, including a $75 million fully-committed common stock PIPE anchored by top-tier investors including Miller Value, XN, and Desktop Metal. The PIPE also includes investments from existing Shapeways investors Lux Capital, Union Square Ventures, INKEF Capital and Andreessen Horowitz. Proceeds will be used primarily to accelerate the Company’s additive manufacturing capabilities, accelerate the rollout of its SaaS offering, expand its material and technology offerings to extend market reach and grow customer share of wallet, as well as to provide additional working capital.