Is Formlabs planning to go public? The 3D printing company, supported by Microsoft CMO as a board member, has become a double unicorn in the industry.


0

Alright, I’ll say what you’re thinking: they’re definitely going to go public. Today, Formlabs announced a significant addition to its board – Chris Capossela, Microsoft’s Executive Vice President and Chief Marketing Officer. This news is a big win for the 12-year-old company, which has become a major player in the 3D printing market with its expansion into powder bed fusion machines.

Formlabs’ CEO, Max Lobovsky, believes that Capossela’s skills and experience will be a valuable addition to the board as the company continues to expand its ecosystem on a global scale. Lobovsky stated, “I’ve seen the potential of 3D printing firsthand. Formlabs is a standout in the industry, and I’m excited to have Chris join our board.” Capossela himself expressed his excitement about joining Formlabs, recognizing the company’s innovative ecosystem and its potential to advance the adoption of 3D printing technology.

Capossela’s tenure at Microsoft spans 30 years, during which he has held various senior positions and navigated the company through periods of growth and evolution. His expertise in software development, customer experience, integration with other software ecosystems, and strategic growth will undoubtedly be invaluable to Formlabs. Microsoft’s own journey, facing technological waves and complex challenges, has provided Capossela with battle-tested knowledge that is rare and precious.

In addition to his expertise, Capossela’s location in Boston, where Formlabs is headquartered, adds a layer of convenience. Moreover, his experience with mergers and acquisitions at a public company like Microsoft could offer valuable insights to Formlabs in the coming years. While Formlabs chose not to go the SPAC route when it was gaining popularity, the company has experienced significant growth. CEO Max Lobovsky emphasized the importance of building a business incrementally, rather than getting caught up in the hype surrounding 3D printing.

Formlabs is well-positioned for future success, particularly in the medical and dental sectors. Despite some delays in the launch of its powder bed fusion technology, the company is making progress with installations and is on track to strengthen its position in the desktop 3D printing market. With top-of-the-line software and exceptional user experience, Formlabs is setting itself up for success. Going public could potentially be the next step on its path to continued growth and dominance in the industry.

Formlabs, a company known for its innovative 3D printing technology, has been making waves in the industry. With a strong track record and an impressive product lineup, many have wondered what the future holds for this ambitious company.

One possibility that has been discussed is the idea of Formlabs being acquired by a larger company. It’s not hard to see why this idea has gained traction – Formlabs’ technology and talent would undoubtedly be an asset to any company in the 3D printing space. However, there is also the question of whether Formlabs would choose to remain an independent entity.

Another option on the table is for Formlabs to continue on its current trajectory as a private company. This would allow them to build a sustainable business model without the pressure of needing to secure a significant exit strategy. While this approach may require patience from venture capital investors, it could ultimately result in a stronger, more stable company.

Regardless of which path Formlabs chooses, it is clear that this move is a positive one. It will likely bolster both investor and partner confidence in the company, as well as attract new interest from potential customers. This increased confidence and support will only further fuel Formlabs’ growth and innovation in the 3D printing industry.

In conclusion, Formlabs is in a position of strength and potential. Whether they decide to pursue an acquisition or remain private, the future looks bright for this forward-thinking company. Stay tuned for more news and updates from the exciting world of 3D printing!

Original source

Source

“Why did the 3D printer go to therapy? Because it had too many layers of unresolved issues!”


Like it? Share with your friends!

0
GCode-Guru

Meet the mastermind behind NozzleNerds.com: GCode-Guru, a 3D printing wizard whose filament collection rivals their sock drawer. Here to demystify 3D tech with a mix of expert advice, epic fails, and espresso-fueled rants. If you've ever wondered how to print your way out of a paper bag (or into a new coffee cup), you're in the right place. Dive into the world of 3D printing with us—where the only thing more abundant than our prints is our sarcasm.

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube and Vimeo Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format