BURLINGTON, Mass. & WATERTOWN, Mass.--(BUSINESS WIRE)--Desktop Metal and Markforged today announced they have reached an agreement that resolves all outstanding litigation between the two companies. Both Desktop Metal and Markforged acknowledge that neither company, nor the individuals named in the litigation, misappropriated any trade secret or confidential information belonging to the other. Further terms and conditions of the settlement will remain confidential.
About Desktop Metal
Desktop Metal, Inc., based in
Burlington, Massachusetts, is accelerating the transformation of
manufacturing with end-to-end metal 3D printing solutions. Founded in
2015 by leaders in advanced manufacturing, metallurgy, and robotics, the
company is addressing the unmet challenges of speed, cost, and quality
to make metal 3D printing an essential tool for engineers and
manufacturers around the world. Desktop Metal, which has raised $277
million in financing, was selected as one of the world’s 30 most
promising Technology Pioneers by World Economic Forum and named to MIT
Technology Review’s list of 50 Smartest Companies. For more information,
visit www.desktopmetal.com.
About Markforged
Markforged makes 3D printers that transform
manufacturing. Businesses, engineers, designers and manufacturing
professionals all over the world use Markforged machines to print strong
parts in composites and metal for every aspect of manufacturing –
including prototyping, tooling, fixtures, and high-value end-use
production. Founded in 2013 and based in Watertown, MA, Markforged has
over 200 employees globally, with a total in $57 million in both
strategic and venture capital. To learn more about Markforged, please
visit http://markforged.com
