June 18, 2014 AT 12:42 pm
Other Machine Co. Raises $3M to Make Desktop 3D ‘Cutters’ Mainstream #makerbusiness
Investors have backed plenty of startups that make 3D printers for the desktop, like Formlabs Inc. in Boston and MakerBot Industries in New York (acquired by Stratsys Ltd).
Now, a San Francisco startup calledOther Machine Co. has raised $3 million in Series A funding to popularize its “3D cutters.” Just don’t call the company’s flagship product, theOthermill, a 3D printer, says co-founder and CEO Danielle Applestone.…With a post-money valuation of $8.5 million, Other Machine Co.’s Series A investors included Broadway Angels, Allegro Venture Partners, Core Ventures Group, Crunchfund, VegasTechFund, Slow Ventures and several angel backers including Autodesk CEO Carl Bass and 3D Robotics Inc. CEO Chris Anderson.
More “OtherMill” news on our blog.
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