Tag Archives: Fuel3D

Betting their money on 3D

According to a recent report by global technology analyst company CCS Insight, the global market for 3D printing and related services will grow by 93% in 2014 becoming a $4.8bn market by 2018. The report also stated that 75% of the revenue will come from the automotive, airspace, healthcare and other industries where 3D machines will be widely used for manufacturing and prototyping. Smaller and more affordable 3D printers for consumers are also expected to grow total unit sales of 81,000 in 2013 to 850,000 by 2018.While it’s true that industrial 3D printers are on continual growth trajectory, a question remains around 3D printing’s rate of consumer adoption. Experts maintain that personal 3D printers will create an economic shift as consumers begin to personally manufacture certain items. Fuelling this belief is the rapid rise in the number of affordable 3D printers in the market today, such as those from Formlabs, MakerBot, Buccaneer, and others. Related products like portable 3D scanners from NextEngine, Artec Eva and Fuel 3D have also started to invade the market. Among the three, Fuel3D received the most attention from investors with a $300,000 investment on Kickstarter and an early stage VC financing of $2.6M. Today, Fuel3D has nabbed a $6.4 million expansion round of funding, led by Chimera Partners, which it dubs a “pre-IPO round.”

You can read about the funding here.