Glowforge, a Seattle, WA-based creator of a 3D laser printer, raised additional $20M in Series E funding.
The round, which brought the total amount to $135M, was led by DFJ Growth and Foundry Group, with participation from Revolution Growth and True Ventures.
The company intends to uses the funds to accelerate innovation and expand product offerings and services.
Founded in 2015 by Chief Executive Officer, Dan Shapiro, and Chief Technology Officer, Mark Gosselin, Glowforge is the creator of the 3D laser printer that cuts, engraves, and scores materials. Unlike 3D printers that use additive technology to build objects out of plastic, the company uses subtractive technology to cut and engrave products from materials like wood, leather, acrylic, paper, fabric and even chocolate.
Glowforge is used by more than 100,000 creators and can be found in more than 4,000 schools in the U.S.
The financing follows the launch of Magic Canvas, a generative AI model that creates physical products. Magic Canvas transforms a few words into a unique creation made of the above materials in minutes. It uses a latent diffusion neural network to take a description and turn it into hardwood jewelry, slate coasters, eye-popping desserts, and more.