3D Printing Business: Inside Markforged

Boston, Massachusetts is coming into its own as a hub of advanced technologies, championed by an expanding array of strong businesses and fed into through a wealth of prestigious local institutions of higher education. 3D printing is, unsurprisingly, thriving in such an environment, and strongly featuring in this picture is high-strength 3D printing company Markforged, founded in 2013 by CEO Greg Mark. I recently enjoyed the opportunity to visit Mark and several members of the team at the company’s headquarters in Watertown to discuss technology on their turf rather than at 3D printing shows around the country.

The Watertown facility is new to Markforged — my visit was, in fact, just three days after the team moved into the 43,000-square-foot space. The move was necessary, as the young company has been growing quickly with some impressive recent upticks in business. Markforged, now 85 employees strong, outgrew its former 16,000-square-foot HQ in Cambridge, and is already working to fill the new capacity, with the team expected to expand beyond 100 members by the end of the year. The growth in space and personnel is supported by some serious business increases, as Markforged reports more than 300% growth since the start of 2017, which they note as being more than any previous year in the history of the company. Strong sales led to achieving profitability in the first half of 2017.

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