MolyWorks

MolyWorks is a distributed recycling and additive manufacturing company. MolyWorks has developed a recycling foundry which converts metallic scrap into metal powders for additive manufacturing at the point-of-need. They have been awarded two DoD SBIR contracts for battlefield scrap recycling powder production (Phase II, US Army) and additive manufacturing of landing gear components (Phase II, US Air Force). MolyWorks was founded in 2015 by Christopher Eonta in California.

Continuum Powders recycles metal waste into metal powders that can be used for 3D printing. This technology, known as Greyhound, produces an end-of-life solution for all metal products through the circular loop. As of November 2020, Continuum is reported to be serving over 20 commercial customers ( 10 domestic and 11 international) and having contracts with four United States Government agencies.

Reinforcing recycling, rerouting refuse, and reducing wasteflows

Waste Recovery & Management Tech

Continuum Powders (formerly MolyWorks) offers materials for additive manufacturing (AM). The company uses atomization technology to melt alloys into fine particles to make powdered metal for AM uses. The company works in three ways: 1) it collects metal waste from production sites, recycles it to make metal powder, and makes this available for sale; 2) it offers a roundtrip solution that collects waste from production sites and converts it into metal powder for the same site; 3) It offers the Greyhound full-service system—a portable recycling system that can be located at the production site for on-site scrap collection, recycling, and powder creation, which it claims to be the first in the world. MolyWorks has partnerships with the US Department of Defense and commercial customers across land, air, sea, space, and energy applications.

Additive manufacturing makes objects by systematically adding material via a CAD program

Additive Manufacturing

Continuum Powders

ADDMAN Engineering

To establish a new global headquarters and manufacturing facility in Houston, Texas, with the aim of becoming North America's largest sustainable metal powder production site, featuring low-emission gas systems and partnerships with net-zero carbon energy groups.

Companies that use additive manufacturing technology to manufacture components, parts, products, on-demand. This includes contract manufacturers and companies that operate their own manufacturing plants.

Continuum Powders recycles metal waste into metal powders that can be used for 3D printing. This technology, known as Greyhound, produces an end-of-life solution for all metal products through the circular loop. As of November 2020, Continuum is reported to be serving over 20 commercial customers ( 10 domestic and 11 international) and having contracts with four United States Government agencies.Further, Continuum was in the second stage of a large pilot project to remotely make powder from scrap metal as of November 2020. Since 2016, Continuum has tested over 110 unique atomization configurations, seeing yields improve from 28% to 92%. The company has also reported to have improved its production rates from around 10 lbs per hour to 85 lbs per hour, as reported in March 2020.Funding and financialsContinuum secured USD 36 million in December 2022 to scale up production of 100% recycled commercial metal powders, support international expansion, and further research into related technologies and customer applications.

Based in the UK, SEaB Energy provides clients with a waste to energy technology. The company sells two products called Flexibuster and Muckbuster that convert waste into energy. Flexibuster converts organic waste, while Muckbuster is designed to convert slurry waste. These are anaerobic digestion units which are containerized and can be easily bought and installed by any entity to get the required power Flexibusters are suitable for small and medium sized entities that produce between 500kg and 2,500kg of organic waste per day. As of June 2021, the company operates and manufactures its products in England, Portugal, and the USA.According to the company, one cubic meter of waste creates one household unit of electricity. The company helps customers by collecting a sample of their feedstock and estimates how much power its products can deliver by converting the particular type of feedstock. The company reports that its clients include fortune 50 companies, hospitals, non-profit organizations, property developers, and hypermarkets.Funding and financialsIn <a href="https://seabenergy.com/axon-partners-enagas-emprende-investment/">September 2022,</a> SEaB Energy raised an undisclosed investment led by Axon Partners Group to expand its solutions in Europe, Latin America and the US.

SEaB Energy

RoadRunner Recycling helps predict recycling plans for businesses (such as hotels, mills, warehouses) by using algorithms and Artificial Intelligence (AI). While helping them recycle their waste, the company also offers scheduled and one-off waste pickup services for businesses in the US.The company claims that the usage of its services has on average allowed a 16% saving in waste and recycling expenditures for customers and increased diversion from landfills by threefold.The company operates a shared-savings business model, where it generates revenue based on the level of the customer’s savings. As of October 2022, the company has diverted over 300,000 tons of material from disposal across 12,000 accounts, saving customers nearly USD 50 million on waste and recycling services.In October 2022, RoadRunner acquired Compology, the world's largest waste and recycling smart metering technology company.Key customers and partnershipsRoadRunner Recycling partnered with Avery Dennison (a label and packaging materials company) in September 2020 to launch a scalable matrix recycling program to help Avery’s <a href="https://www.packagingtechtoday.com/news-headlines/avery-dennison-launches-matrix-recycling-program-with-roadrunner-recycling/label-tape/">label</a> converters achieve their zero-waste-to-landfill goals. Some of the company’s key customers are Boxer Property, Forman Mills, and the PM Hotel Group.&nbsp;Funding and financials&nbsp;In its latest funding round in <a href="https://sp-edge.com/updates/14646">November 2022</a>, the company raised USD 20 million funding in its extended Series D round led by Fifth Wall. The funds were expected to support growth of the company's core business, expansion of enterprise offerings, and strengthening the investments in technology, thus improving sustainability in the real estate sector.

RoadRunner Recycling

<div>
 
 AMP (
 <a href="https://sp-edge.com/updates/26429">
 formerly
 </a>
 AMP Robotics) uses robots and AI to sort waste by type. Following the company&rsquo;s rebranding, it shifted focus from supplying sorting robots to building automated, facility-scale recycling solutions that incorporate AI and robotics. The company&rsquo;s AMP One-integrated sorting facility combines a number of AMP&rsquo;s modular solutions to deliver a material recovery facility (MRF) that requires no manual sorting. The facilities are able to autonomously sort multiple waste streams, including municipal solid waste, MRF residue, and mixed plastic waste into bales of materials.
 
 
 The modular solutions that make up AMP One include
 
 
 AMP Vision: 
 An AI-powered machine vision system capable of identifying over 50 categories of materials present in waste streams. The company claims it uses the world&rsquo;s largest real-world dataset for materials with over 75 billion data points.&nbsp;
 
 
 AMP Jet and Microjet: 
 An AI-based sorting system that leverages AMP Vision to identify materials and separates these two material streams simultaneously using two rows of 50 air nozzles. The system also uses AI to track the path of sorted materials and adjust jets. AMP Jet is claimed to be able to recover over 90% of target materials without human intervention. The Microjet is a compact version that can be mounted on the side of a conveyor belt.
 
 
 AMP Delta: 
 A robotic sortation system that uses AMP Vision to mechanically sort waste streams, reaching pick rates of over 80 items per mimute. Also available in Tandem (120 items per minute) and Compact (65 items per minute) variants.
 
 
 AMP Vac:
 A belt-mounted vacuum array that removes and collects thin film that can be used for pyrolysis applications. It is able to collect up to 120 picks per minute.
 
 
 AMP Insight and AMP SmartTons
 : A real-time reporting tool and system for tagging sorted bales, which can specify the exact composition and purity of the recovered material.
 
 
 The company reports that its plants are able to handle between 15 and 100+ kilotons of waste annually. AMP also has turnkey plants available, and claims it can deploy custom-built plants in as little as nine months. As of February 2024, the company has more than 230 deployments in more than 80 facilities and robotic systems in over 20 states in the US, and in Canada, Japan, and Europe.
 
 
 In May 2023, the company unveiled a complete line of 
 <a href="https://sp-edge.com/updates/18116">
 AI-powered automation solutions 
 </a>
 for materials recovery facilities (MRFs), including a new compact robotic sortation solution, AI-driven improvements in targeting and robotic gripping reliability, and integrated AI-powered facility solution.
 
 
 In November 2022, the company opened its new 84,000 sq ft facility in Louisville.
 
 
 Key customers and partnerships
 
 
 In September 2021, AMP installed its 
 <a href="https://ampsortation.com/articles/amp-robotics-installs-its-first-recycling-robots-in-the-united-kingdom-and-ireland-with-recyco">
 first AI-guided robotics
 </a>
 systems in the UK and Ireland with Recyco, a recycling and waste management business in Northern Ireland. In July 2023, the Kent County Department of Public Works (DPW) acquired three recycling robots from AMP Robotics. In March 2022, AMP extended its partnership with Evergreen, adding six robots in Riverside, California, and planned to add three more in Albany, New York, in addition to the existing six robots in Clyde. In June 2022, AMP expanded its partnership with its reportedly largest customer waste connections.
 
 
 Funding and financials
 
 
 In November 2022, the company raised USD 91 million in corporate equity in a 
 <a href="https://sp-edge.com/updates?industryIds=54">
 Series C
 </a>
 funding round led by Congruent Ventures and Wellington Management. In May 2023, the company also raised an undisclosed amount from 
 <a href="https://sp-edge.com/updates/18384">
 Microsoft&rsquo;s Climate Innovation 
 </a>
 Fund, bringing AMP&rsquo;s Series C round to a total of more than USD 99 million. The company intended to use the funds to retrofit existing recycling infrastructure with technology solutions, as well as develop new infrastructure using AI-powered automation.
 
</div>

Redwood Materials was founded by Tesla’s former CTO to focus on e-waste recycling for remanufacturing and reuse. The company uses a proprietary technology to recover elements including cobalt, lithium, nickel, manganese and graphite from old battery cells (from vehicles and consumer electronics), which can be re-used for battery production.The company announced its first energy storage system recycling project&nbsp; in <a href="https://sp-edge.com/updates/23461">November 2023</a> — dismantling and recycling a 4MWh stationary storage substation in Kauai, Hawaii. In <a href="https://www.recyclingtoday.com/news/redwood-materials-launches-pricing-tool-for-ev-batteries/">October 2023</a>, Redwood launched an online tool with advanced tracking and management systems for automotive dismantlers to value and sell recovered EV battery packs directly back to the company.&nbsp;In September 2023, Redwood Materials acquired <a href="https://sp-edge.com/updates/22008">Redux Recycling</a> to accelerate Redwood's expansion into Europe.Key customers and partnershipsThe company partnered with <a href="https://sp-edge.com/updates/5878">Ford </a>in September 2021 to build a closed-loop for battery recycling and create a domestic battery supply chain for EVs in the US. The company partnered with <a href="https://sp-edge.com/updates/11597">Volkswagen</a> Group (Audi’s parent company) in July 2022 and Lyft in <a href="https://sp-edge.com/updates/14863">November 2022</a>, to recycle batteries while expanding its presence in the US.In January 2023, the company partnered with <a href="https://sp-edge.com/updates/15516">Flite</a>, an Australian electric hydrofoil producer, to recycle end-of-life Flitecell e-foil batteries in the US. In April 2023, the company expanded its partnership with Volkswagen to launch a consumer recycling program for rechargeable devices and lithium-ion batteries. During the same period, the company partnered with e-bike manufacturer <a href="https://sp-edge.com/updates/18071">Rad Power Bikes</a> to launch an electric bike battery recycling program.In October 2023, the company partnered with <a href="https://sp-edge.com/updates/22440">Panasonic</a> to extracting high-purity nickel from end-of-life batteries and supplying it to Panasonic Energy, a subsidiary of Panasonic Holdings, by 2028. This partnership is preceded by the agreement to purchase cathode-active materials and copper foil for EV lithium-ion batteries in <a href="https://sp-edge.com/updates/14645">November 2022.</a>In November 2023, the company announced that it would supply cathode materials and copper coils for battery cells produced at Toyota’s North Carolina plant (due to go into production in 2025). This builds on Redwood’s initial partnership with <a href="https://sp-edge.com/updates/11217">Toyota</a> in June 2022, under which the company would refurbish/recycle batteries from hybrid vehicles.Funding and financialsIn August 2023, Redwood Materials raised more than USD 1 billion in a <a href="https://sp-edge.com/updates/21369">Series D funding</a> round to expand its capacity, grow the domestic battery supply chain, and enable its customers to purchase battery materials made in the US for the first time. In <a href="https://sp-edge.com/updates/16272">February 2023</a>, the Department of Energy (DOE) committed a USD 2 billion loan to Redwood Materials to construct and expand its battery recycling facility west of Reno, Nevada.

Redwood Materials

SmarterX (formerly Smarter Sorting) uses machine learning, algorithms, and a cloud-based platform to scan, identify, categorize, and sort chemical-containing products. This helps retailers and their suppliers get rid of unwanted chemicals, which Smarter Sorting will pick up to recycle instead of having them incinerated. The company also introduced a new regulatory platform in 2020 by partnering with a major retailer, to help retailers to ship and sell lithium-ion (li-ion) batteries sustainably, by providing them adequate support on regulatory requirements around li-ion battery products. The company provides its services in the USA and Canada.The company charges businesses a subscription fee per month based on the number of items they register for the sorting assessment.&nbsp;As of <a href="https://sp-edge.com/updates/12053">August 2022</a>, the company had secured over 1,600 consumer brands and partnerships with 24 national supermarkets and retailers, including Costco, Wegmans, and Albertsons Companies. They claim their technology can classify 2 million consumer products across 3,500+ data points and 150 million chemical compounds.Funding and financialsIn August 2022, the company raised USD 7 million in a <a href="https://sp-edge.com/updates/12053">funding round</a> led by Regeneration VC. This is an extension of the company’s previous funding round in <a href="https://sp-edge.com/updates/9315">March 2022</a>.

SmarterX

Startups offering platforms or software solutions incorporating technologies such as sensors, robotics, and AI to monitor and improve the waste collection process using several methods: identifying optimal waste collection time, connecting businesses and individuals with haulers, optimizing trash pickup routes, and increasing transparency in waste management throughout the production process.

Startups that separate waste by type, either by using robotics or analytics (AI, machine learning), to help streamline the recycling process.

Startups that develop recycling technologies or provide solutions such as AI-based online platforms or algorithm-based predictive solutions to primarily support businesses in their in-house recycling efforts.

Startups developing recycling technologies, including the pyrolysis process or a recycled propylene technology, to convert plastic waste into products such as pure propylene, recycled plastic, crude oil, and furniture.

Startups developing recycling technologies such as polymer recycling, flexible hydrothermal processing, etc., to recycle textile waste into products that include carbon neutral fiber or transform the waste into new products with greater value through upcycling technologies.

Startups developing recycling technologies such as lithium-ion battery recycling processes or a Magnet-to-Magnetä recycling process to convert electronic waste into products that include recycled batteries and cathode materials.

Startups developing recycling technologies to separate materials made by combining two or more materials with different properties (composite materials) and recycle them into secondary use raw materials such as aluminum, plastic, leather, and cardboard.

Startups using proprietary technologies to recycle waste (besides plastic, textile, and electronic waste) into harmless waste materials or into materials that can be used to make household goods, furniture, and construction material.

Startups using recycling technologies such as anaerobic digestion or a chemical process to convert waste into energy.

Solutions that aim to keep waste out of landfills

Waste management platforms use AI/ML for analysis and real-time updates

Develops waste collection systems such as sensored bins, monitored waste collection, and on-demand waste collection

Reuses and recycles waste to keep them out of landfills

Provides sensor-based automated processes for waste management

IoT-enable devices and platforms to manage waste and improve recycling rates

Continuum Powders (formerly MolyWorks) offers materials for additive manufacturing (AM). The company uses atomization technology to melt alloys into fine particles to make powdered metal for AM uses. The company works in three ways: 1) it collects metal waste from production sites, recycles it to make metal powder, and makes this available for sale; 2) it offers a roundtrip solution that collects waste from production sites and converts it into metal powder for the same site; 3) It offers the Greyhound full-service system—a portable recycling system that can be located at the production site for on-site scrap collection, recycling, and powder creation, which it claims to be the first in the world. MolyWorks has partnerships with the US Department of Defense and commercial customers across land, air, sea, space, and energy applications.In November 2024, Continuum Powders&nbsp;<a href="https://sp-edge.com/updates/36401">opened its new global headquarters and manufacturing facility</a> in Houston, Texas. The new headquarters produces various AM powders from metal waste, including nickel-based alloys, stainless steel alloys, and titanium alloys, using its proprietary Greyhound M2P gas atomization technology.Key customers and partnershipsIn November 2024, the company&nbsp;<a href="https://sp-edge.com/updates/36171">partnered with Renishaw</a>, a manufacturing systems and software provider, to qualify recycled metal powders for the latter’s RenAM 500 series of metal 3D printers.&nbsp;

Desktop Metal provides a range of additive manufacturing (AM) solutions including the sale of 3D printers with related software and materials as well as other related services targeting applications including rapid prototyping, pilot runs, mass production of tools, end-use parts, and aftermarket parts. The company mainly serves industries such as automotive, consumer goods, heavy industry, education, machine design, healthcare, and manufacturing tooling.Desktop Metal’s products include 1) Production System, a metal 3D printer for mass production; 2) X-Series, a binder jet 3D printer with patented Triple ACT (advanced compaction technology) and specialty materials including metals and ceramic; and 3) Shop System, a metal binder jetting system targeting metal 3D printing at machine shops, which also includes <a href="https://sp-edge.com/updates/12724">Shop System+, and Shop System Pro packages </a>introduced in August 2022 and <a href="https://sp-edge.com/updates/14160?industryIds=71">Shop System Forust Edition, </a>a high-speed 3D printer for upcycled wood parts; 4) Studio System 2, an office-friendly metal 3D printer; 5) Fiber; a composite 3D printer using thermoplastic material such as nylon and 6) <a href="https://sp-edge.com/updates/12867?industryIds=71">Figur G15, </a>a printer platform based on patent-pending Digital Sheet Forming (DSF) technology that fabricates sheet metal into parts with a high level of surface finish with little to no post-printing.Desktop Metal also offers <a href="https://sp-edge.com/updates/12723">Live Sinter software </a>—a sinter simulation software that allows the design of sinter-ready, printable parts.. In March 2023, it launched <a href="https://sp-edge.com/updates/16892?industryIds=71">Live Suite, </a>a premium software package to offer advanced design capabilities for metal, polymer, and ceramic parts. In September 2023, it launched <a href="https://sp-edge.com/updates/22343">Live Monitor, </a>an Industry 4.0 solution for users to monitor and use real-time data to improve efficiency.Desktop Metal has grown through the acquisition of several companies including binder jetting technology company ExOne (November 2021), AM company AIDRO hydraulics &amp; 3D printing (September 2021), powder-based material AM company Aerosint (July 2021), provider of printed elastomers for AM Adaptive3D (May 2021), and polymer AM company EnvisionTEC (January 2021) to expand its material and printer offerings.In October 2023, the company sold Belgian additive manufacturing solutions provider <a href="https://sp-edge.com/updates/23189">Aerosint SA </a>to motion technology company Schaeffler. Desktop Metal maintained its collaboration with Schaeffler in advancing binder jet 3D printing technology, while retaining the option for future commercial utilization.In July 2024, the entire company was <a href="https://sp-edge.com/updates/31161">acquired by Nano Dimension</a> for ~USD 183 million in an all-cash transaction. Key customers and partnershipsDesktop Metal operates through an internal sales team and a network of 200+ distribution partners (value-added resellers) in over 65 countries. Its customers include small and medium enterprises as well as Fortune 500 companies. The company received a major <a href="https://sp-edge.com/updates/14615?industryIds=71">contract </a>from the US Department of Veterans Affairs in November 2022. In October 2022, Desktop metal partnered with <a href="https://sp-edge.com/updates/13694?industryIds=71">Siemens </a>to accelerate the adoption of additive manufacturing at scale specifically targeting large-scale manufacturers. The company also entered into materials-related partnerships with Carbon in July 2023 to make Flexcera resins available to users of Carbon's 3D printers as well as with Henkel in August 2022 to validate Henkel's materials for DM printers. In March 2024, Desktop Metal expanded its partnership with Evonik, a chemical manufacturer, to integrate the latter’s INFINAM solution into its portfolio of polymers.

Desktop Metal

Carbon sells 3D printers along with related software and material for additive manufacturing to allow mass customization and on-demand inventory management. With a range of patented engineering and dental resins, Carbon targets automotive, consumer goods, dental (healthcare), and other industrial use cases. Carbon’s product portfolio includes several types of 3D printers named M1, M2, and M3 (an advanced end-to-end idea-to-production platform introduced in January 2022) as well as L1 and a parts washer. Carbon’s materials portfolio includes rigid, elastomeric, and dental materials. Carbon’s design software platform was launched targeting product designers globally in 2022. It offers regular software updates to its printers to continuously improve the processes and the outcome. With the acquisition of design software company <a href="https://sp-edge.com/updates/12722">ParaMatters </a>in August 2022, Carbon expanded its software capabilities to include topology optimization capabilities, allowing users to speed up the design iteration process and create complex, high-performance part designs.The company also offers print analytics solutions, allowing real-time review of production data and part traceability from design to print stage. Adding to its proprietary pool of materials, in February 2022, Carbon introduced a flame retardant photopolymer resin that ensures durability and the long-term stability of printed parts.Carbon uses patented Digital Light Synthesis (DLS) technology that uses digital light projection and engineering-grade materials to develop parts with mechanical properties and a surface finish. DLS is driven by Carbon’s Continuous Liquid Interface Production (CLIP) technology, which uses ultraviolet (UV) light to cure liquid plastic resin into solid parts. Unlike traditional resin-based 3D printing (which reportedly makes weak parts), Carbon’s printed parts are baked in an oven, exposing the parts to a second heat-activated programmable procedure for improved strength.&nbsp;In November 2024, the company&nbsp;<a href="https://sp-edge.com/updates/36173">launched the EPU Pro platform</a>, a single-part, dual-cure elastomer resin. EPU Pro offers a range of stiffness options with durometers from 50A to 90A. It incorporates foaming agents for suede-like textures and features enhanced printability for complex geometries.Key customers and partnershipsCarbon had a presence in 17 countries as of January 2024, with plans to expand to other international markets in the future. The company also operates through a network of design firms and contract manufacturers that specialize in Carbon’s technologies. Carbon connects customers with these partners if they have a prototype that needs to be made.Carbon has entered several partnerships with other AM companies including Desktop Metal to bring its Flexcera resins to the Carbon Digital Manufacturing Platform (July 2023), Henkel to combine materials and printing expertise (October 2020), and Shapeways to offer access to Carbon’s 3D printing technology and materials (March 2019).Funding and financialsIn June 2019, Carbon raised USD 260 million co-led by Madrone Capital Partners and Baillie Gifford, bringing the company’s total funding to USD 683.4 million. Carbon planned to use this capital to expand R&amp;D, establish its first advanced development facility (ADF), and support international growth in Europe and Asia.&nbsp;

Carbon

<div>
 
 Markforged is a seller of 3D printers with material and software solutions for tooling, fixtures, functional prototyping, and high-value end-use production. It targets various industries including aerospace, automotive, consumer packaged goods, electronics manufacturing, medical, and industrial equipment. The company launched an 
 <a href="https://sp-edge.com/updates/22057">
 on-demand parts platform
 </a>
 called Digital Source in September 2023, which facilitates the licensing and 3D printing of manufacturer-certified parts, eliminating the need for physical inventory management for manufacturers.
 
 
 Markforged&rsquo;s line of 3D printers includes a metal printer, a series of industrial composite printers, and a series of desktop composite printers, using metal (a range of metals from stainless steel to copper), plastics, and continuous fiber. The company also offers several software solutions including Eiger, a cloud-based digital repository, and Blacksmith, which connects part design, production, and inspection using AI. It also offers software to scale up AM operations by giving role-based access control to team members. In November 2022, Markforged introduced 
 <a href="https://sp-edge.com/updates/14613">
 new simulation features 
 </a>
 for its software, the Digital Forge, enabling customers to replace tooling and end-use metal parts with optimized 3D-printed advanced composite parts.
 
 
 Markforged uses several patented technologies. For example, for thermoplastic printing, the company uses a combination of fused filament fabrication (FFF) printing and continuous fiber fabrication (CFF) technologies that harness the heat of the nozzle to make a thermoplastic layer; for metal printing, it uses atomic diffusion additive manufacturing (ADAM), which is a specialized form of FFF.
 
 
 In April 2022, Markforged acquired engineering software developer Teton Simulation to expand its AM solutions by integrating technologies. In August 2022, it also 
 <a href="https://sp-edge.com/updates/12725">
 acquired Digital Metal,
 </a>
 a Swedish developer of binder jetting technology, to enable Markforged to produce high-throughput metal additive parts.
 
 
 Key customers and partnerships
 
 
 Markforged claims to own the largest fleet of cloud-based industrial 3D printers (with a 13,000+ connected installed base and 10 million+ parts printed, as of January 2024). Markforged has served the top nine global manufacturing companies and top 10 aerospace companies, including notable clients (disclosed) including RPG industries, Caldwell, and Cashco, Inc. Another notable customer is Phillips Corporation, which became the first customer of Markforged&rsquo;s FX20 industrial composite printer, introduced in November 2021. Markforged also entered into technology partnerships with Siemens and Indian tech company TechNova. It has remote teams in over 70 countries and 100+ channel partners across the US, Canada, Europe, UK, Asia, and Australia.&nbsp;
 
 
 Funding and financials
 
 
 Markforged was listed on the NYSE (MKFG) in July 2021 through a SPAC deal, receiving approximately USD 361 million in gross proceeds. The company had planned to use the new funding to accelerate innovation and expand its customer base.&nbsp;
 
 
 In 2022, Markforged achieved a revenue of USD 
 <a href="https://sp-edge.com/updates/16891?industryIds=71">
 101.0 million,
 </a>
 recording a growth of 10.7% YoY. Revenue growth was driven by strong demand for the FX20 printer which was commercialized in 2022. However, it reported an operating loss of USD 87.1 million in 2022 compared to a loss of USD 61.0 million in 2021 on the back of increased spending on research and marketing activities. Markforged guided revenue in 2023 to reach USD 90 million&ndash;95 million. The company also expects to achieve an operating loss of USD 59 million&ndash;61 million translating to a loss per share of USD 0.26&ndash;0.28 in 2023.
 
 
 In November 2023, Markforged announced that it has undergone a 
 <a href="https://sp-edge.com/updates/23946">
 restructuring
 </a>
 process, along with other cost-cutting measures, citing ongoing economic challenges, projected to result in operating cost savings ranging from USD 9 million to USD 12 million in 2024. The majority of these savings were attributed to a reduction in headcount by around 10%.
 
 
 
</div>

Markforged

3D Systems sells 3D printers with related materials and software for concept modeling, prototyping, rapid tooling, and digital manufacturing. The company targets aerospace and defense, automotive, jewelry, semiconductor, and turbomachinery industries as well as dental and medical devices in healthcare.&nbsp;3D Systems’ range of 3D printers is supported by several software solutions for reverse engineering, fast designing, workflow integration, inspection, fleet monitoring, and remote diagnostic applications. In December 2024, 3D Systems&nbsp;<a href="https://sp-edge.com/updates/37192">sold its Geomagic software portfolio</a> to Hexagon's Manufacturing Intelligence Division for USD 123 million, enabling 3D Systems to focus on its core software platforms and accelerate strategic software development.The company has obtained over 1,000 patents and uses printing technologies for plastic and metal including stereolithography (SLA), selective laser sintering (SLS), multi-jet printing (MJP), color-jet printing (CJP), and direct metal printing (DMP), using materials like plastic, elastomer, wax, metal, and biocompatible materials. In September 2022, 3D Systems introduced <a href="https://sp-edge.com/updates/12834">CuNi30 </a>–a new corrosion-resistant, copper-nickel alloy targeting marine, offshore oil and gas, and chemical and nuclear industries. In November 2023, the company received approval from the Food and Drug Administration (FDA) for its material <a href="https://sp-edge.com/updates/24163">NextDent Base </a>used in dental applications.&nbsp;3D Systems has made several acquisitions including Swedish 3D printing company <a href="https://sp-edge.com/updates/18122">Wematter </a>(May 2023), German AM solutions provider for healthcare Kumovis (February 2022), polymer-based 3D printer developer Titan Additive (February 2022), and digital manufacturing solutions provider Oqton (September 2021) to expand operations.&nbsp;In June 2024, the company&nbsp;<a href="https://sp-edge.com/updates/30572">launched the EXT 800 Titan Pellet,</a> a compact polymer additive manufacturing system that enables users to produce functional prototypes, tooling, fixtures, sand casting patterns, thermoforming molds, and end-use parts. It features a build volume of 800 mm x 600 mm x 800 mm and support for a wide range of high-temperature engineering materials including ABS, PC, nylons, PEI, PEKK, TPE, and TPU. It went on to&nbsp;<a href="https://sp-edge.com/updates/35812">launch the PSLA 270 printer along with Wash 400/400F and Cure 400 post-processing solutions</a>, in November 2024. The PSLA 270 is a projector-based SLA 3D printing solution that enables users to print medium-size parts, whereas the Wash 400/400F and Cure 400 systems are designed for cleaning and curing resin-printed parts.&nbsp;Key customers and partnerships3D Systems sold printers through a partner network and solution sales specialists spanning 68 countries, as of January 2024. In November 2022, the company partnered with AM materials developer <a href="https://sp-edge.com/updates/14512">Advanced Laser Materials (ALM) </a>to accelerate the use of its DuraForm PAx material enabling ALM’s customers to use a unique copolymer compatible with available selective laser sintering (SLS) technologies.In July 2024, the company entered into a&nbsp;<a href="https://sp-edge.com/updates/31297">strategic partnership with Precision Resource</a> to develop an end-to-end solution for manufacturing parts using AM technology. As part of the partnership, 3D Systems offered two of its DMP Flex 350 Dual&nbsp;3D printers to expand Precision Resource’s portfolio of precision metal forming processes at the company’s California facility.&nbsp;In August 2024, 3D Systems entered into an&nbsp;<a href="https://sp-edge.com/updates/32547">exclusive reseller agreement with Australian additive manufacturing firm Core Additive,</a> to expand operations in Australia.&nbsp;

3D Systems

Formlabs sells 3D printers with related material and software as well as post-processing solutions for rapid prototyping, rapid tooling, manufacturing aids, models and props, and end-use parts production. The company targets engineering and product design, manufacturing, research and education (for on-demand experimentation), model making and entertainment, jewelry, dental, and medical applications.&nbsp;Formlabs’ 3D printers include a range of off-the-shelf desktop printers and industrial printers (Form 3 range and Fuse range). The company also provides tailored AM solutions depending on the factory setting for scaled operations. Its software PreForm functions through automatic algorithms that allow any employee to print without being specially trained and includes a dashboard to manage printers, material movement, and teams in one place. The company’s post-processing solutions automate the rinsing and post-curing processes, which are capable of handling large parts and high-volume production. In January 2023, Formlabs launched the&nbsp;<a href="https://sp-edge.com/updates/15507?industryIds=71">“Automation Ecosystem”</a> comprising three new products, 1) Form Auto, 2) High Volume Resin hardware packages, and 3) fleet control software. In September 2023, Formlabs launched an&nbsp;<a href="https://sp-edge.com/updates/21893">open material platform</a> allowing access to third-party materials, customizable print settings, and open material printing.&nbsp;&nbsp;Formlabs uses technologies like low-force stereolithography (LFS) and selective laser sintering (SLS), which leverage various types of resins and nylon powder. In February 2024,<a href="https://sp-edge.com/updates/26962"> the company released the beta version of “Formlabs Texture Engine,"</a> a tool that enables users to apply textures and patterns to 3D models in preparation for printing. Users can import their CAD models into the engine, apply a displacement map to the model to define and apply the required texture, and import the model back into the CAD tool for a final review or immediate 3D printing.In April 2024, the company<a href="https://sp-edge.com/updates/28615"> released a new 3D printer named Form 4</a> to handle rapid and large-scale 3D printing projects. The system leverages low force display (LFD) technology to cure the parts at higher speeds (up to 100 mm per hour). Additionally, the company also launched the biocompatible version of Form 4, Form 4B, that leverages stereolithography (SLA) 3D printing technology. The company went on to launch two new entries into this series (Form 4L and Form 4BL) I<a href="https://sp-edge.com/updates/35000">n October 2024</a>. Form 4L features a build volume nearly 5x larger than Form 4, print speeds of up to 80 mm/hour, and compatibility with over 23 materialsIn July 2024,&nbsp;<a href="https://sp-edge.com/updates/31457">Formlabs acquired Micronics</a>, a 3D printer startup, for an undisclosed amount to integrate the latter’s team into its own to leverage its expertise in developing SLS 3D printers.In September 2024, the company introduced a series of new materials for a variety of applications. These include: 1)<a href="https://sp-edge.com/updates/25337"> Polypropylene Powder and Premium Teeth Resin</a> (January), 2)&nbsp;<a href="https://sp-edge.com/updates/33314">BEGO TriniQ Resin</a> (September), which enables permanent and provisional restorations for dental applications, 3)&nbsp;<a href="https://sp-edge.com/updates/33356">a new clear cast resin</a> (September), which offers accuracy within 0.25 mm for investment casting applications, and 4)&nbsp;<a href="https://sp-edge.com/updates/35813">the “Creator Series”</a> of resins designed for hobbyist-grade LCD and DLP 3D printers. &nbsp;Key customers and partnershipsFormlabs’ customers, including Google, Ford, New Balance, Dame, TaylorMade, Gillette, and the US Naval Academy, have printed over 40 million parts as of May 2022. The company also operates through a network of over 50 ambassadors from 13 countries (as of May 2022) that use Formlabs products.In October 2022, Formlabs partnered with <a href="https://sp-edge.com/updates/13850?industryIds=71">3DPrinterOS</a> to bring 3D printer fleet management and cloud support capabilities to Formlabs’ printers. In May 2023, Formlabs partnered with Hawk Ridge Systems to expand access to its 3D printing solutions in North America and MLC CAD Systems to further expand its presence in the US market.&nbsp;

Formlabs

Renishaw offers a range of 3D printers for metal printing using metal powder bed fusion (laser melting) technology. Its flagship printers, the Ren500 series, comprises RenAM 500 Flex, an open powder 3D system; RenAM 500 Q, a laser power bed cost effective system; and the RenAM 500 Ultra, which incorporates the patented TEMPUS technology (a scanning algorithm for 3D printers to maintain quality).

Renishaw offers various AM software solutions for it's 3D printers. The software offerings include 1) InfiniAM Central, a remote AM software with the ability to monitor operations in real time; 2) InfiniAM Spectral, a energy input and melt-pool emissions monitoring solution for AM systems; 3) QuantAM build preparation software, a file preparation software tool for specifically Renishaw additive manufacturing (AM) systems; and 4) QuantAM Dental, a 3D printing software for dental additive manufacturing systems.

The company offers metal powders including titanium alloy Ti6Al4V, nickel alloys inconel 625 and 718, cobalt chromium, and aluminium alloy AlSi10Mg. 

In October 2024, Renishaw introduced five new processable materials for its RenAM 500 series of metal additive manufacturing systems. The new materials are commercially pure copper, H13 tool steel, Hastelloy X alloy, super duplex stainless steel, and AlSi7Mg aluminum alloy. The company also added powder layer thicknesses to its current processable materials, including 90 μm titanium grade 23, 70 μm stainless steel 316L, and 120 μm Inconel 718 parameters. Notably, Renishaw incorporated Plastometrex's proprietary PIP (Profilometry-based Indentation Plastometry) testing method in its material data sheets.

Companies that develop hardware and software for post-printing operations like cleaning, surfacing, and coloring.

Uses advanced robotic arms in printers, backed by software that helps automate the process

Uses AI for advanced design and prototyping

Uses advanced software, robotics, and cloud connectivity to improve printing operations

Enables customization of 3D printed parts based on individual customer requirements

Use of recyclable materials and reducing material waste leads to sustainability

<div>
 Continuum Powders, a metal materials provider for additive manufacturing, has opened a new global headquarters and manufacturing facility in Houston, Texas. The company aims to make it North America's largest sustainable metal powder production site. 
 The facility is striving to have the lowest carbon footprint among metal powder production facilities worldwide. It includes low-emission gas systems and alliances with net-zero carbon energy bodies. The new headquarters will manufacture AM powders like nickel-based alloys, stainless steel alloys, and titanium alloys from metal waste, using the Greyhound M2P gas atomization technology. 
</div>

Continuum Powders

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