Seattle-based laser-cutting hardware startup Glowforge announced this morning that it has raised more money. The company has raised more than $65 million since it was founded.
The firm has not had a significant raise in a few years, but will use the round to accelerate R&D and commercialization. Over the past 8 years, the company has carved out a nice niche thanks to its laser cutting and engraving systems.
The Glowforge Pro is being seen as a 3D laser printer. The $7,000 system has all the modern conveniences, including a camera for watching the project unfold in real time, and a streamlined machine with all the modern conveniences.
The company was founded because they believed in a world where people could make things for themselves. The funds raised will allow Glowforge to expand their vision to empower the world to make magic.
Anyone who has ever made a desktop 3D printer knows that the market is limited. More than $27 million was raised in the company's first campaign.
The company has a good growth market in education. 3D printing firms shifted their focus to the classroom as they hit a ceiling in the home market.
According to the release, the Glowforge printer is a creator's personal factory. Dan and his team are on a mission to make it easy for creators to bring their imagination into the physical world.
The company has carved out a niche for itself, with well designed, user friendly systems with a proportionally high price tag.
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