Formlabs Inc. Overview
Pro stress-test →Formlabs is a 3D printing technology developer and manufacturer based in Somerville, Massachusetts, which was founded in September 2011 by three MIT Media Lab students and develops and manufactures 3D printers and related software and consumables. The company is a manufacturer of low force SLA technology based desktop 3D printers. The company's products and services cater to various industries, including engineering, manufacturing, dental, education, healthcare, entertainment, jewelry, and audiology.
Strategic Profile
Pro stress-test →Formlabs' Form 3 offers a larger print area than the Form 2 as well as Low Force Stereolithography (LFS), a new SLA technology developed by Formlabs that promises smoother surface finish and more detailed prints. The company announced its new blazing fast, large-format Form 4L and Form 4BL 3D printers as well as the opening of its SLS and SLA platforms to enable users to bring their ideas to life regardless of scale, application, or complexity. Formlabs has acquired 2 companies including Micronics and Pinshape.
Competitive Landscape
Pro stress-test →Formlabs competes against Anycubic, Ultimaker, Bambu Lab, MakerBot Industries, and ETEC. The company differentiates through proprietary Low Force Stereolithography technology, diverse product portfolio spanning SLA and SLS platforms, and expansive material ecosystem. Formlabs maintains a premium positioning in professional and industrial 3D printing versus lower-cost consumer competitors.
Industry Context
Formlabs Inc. operates in Desktop and industrial SLA/SLS 3D printing.
Key facts
Founded: 2011 · Headquarters: Somerville, US · Employees: 750 · Revenue: $50M-$100M estimated