Glowforge, a Seattle-based maker of a 3D Laser Printer, raised $9m in Series A funding.
The round was led by Foundry Group and True Ventures, with participation from Bre Pettis—cofounder and former CEO of MakerBot—and Jenny Lawton—former CEO of MakerBot.
The company intends to use the funds to grow the team as they hire mechanical, electrical and software engineers in Seattle.
Led by Dan Shapiro, CEO and cofounder, Glowforge uses a laser to cut and etch products out of durable materials such as wood, leather, foam, paper, and fabric. It is compatible with design software like Adobe Illustrator, Photoshop, Inkscape, and Autocad.
The printer is expected to be available for purchase in late 2015 for less than $2,500.
FinSMEs
20/05/2015