Markforged and Desktop Metal Reach Friendly Resolution on Trade Secret Lawsuit

Markforged and Desktop Metal have reached an agreement that resolves all outstanding litigation between the two companies. Both Markforged and Desktop Metal 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 Markforged

Markforged makes 3D printers that transform manufacturing. Businesses, engineers, designers and manufacturing professionals globally 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. 

About Desktop Metal

Desktop Metal, Inc., based in Burlington, MA, 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 working to make metal 3D printing an essential tool for engineers and manufacturers worldwide. 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.

Sources: Press materials received from the company.