2019–present
In January 2019, Desktop Metal raised an additional $160 million in funding, resulting in a valuation at $1.5 billion.[30][31][32] By May 2019, the company employed around 300 people, mostly engineers, with the machines made through contract manufacturing. It also had a sales channel distributing in 48 countries. In June 2019, the company began shipping to Europe.[33] By 2019, the company had raised $437 million from investors, and was one of only three 3D printing unicorns. In November it introduced a system for metal job shops[34] and a system using fiber placement.
In December 2020, the company started trading on the New York Stock Exchange (NYSE) under the ticker DM. They did this via a reverse IPO merger with Trine Acquisition Corp. (NYSE:TRNE), a special-purpose acquisition company.[35]
In January 2021, Desktop Metal purchased EnvisionTEC, a German company that specializes in photopolymer printing.[36] On March 15, Desktop Metal announced its new line Desktop Health, specifically focused on healthcare products in the fields of dentistry, orthodontics, dermatology, orthopedics, cardiology, plastic surgery, and printed regenerative.[36][37] Also in March, Michael Mazen Jafar came on board as CEO of the new line.[36][37]
In May 2023, industrial 3D printer company Stratasys agreed to acquire Desktop Metal in an all-stock transaction valuing the combined company at $1.8billion, in which existing Desktop Metal shareholders will own around 41percent of the combined company.[38] Stratasys terminated the acquisition in September after its shareholders voted against the acquisition after two companies made unsolicited bids for Stratasys.[39]
In July 2024, Nano Dimension announced an agreement to acquire Desktop Metal for $135-183million in an all-cash transaction.[40]
In July 2025, Desktop Metal filed for Chapter 11 bankruptcy protection as part of a plan to sell its European assets.[41]
