Formlabs raises funding from NEA, now value over $1 bln

Somerville, Massachusetts-based Formlabs, maker of 3D printing systems, announced it has raised $15 million in funding from New Enterprise Associates. The company, which has now raised more than $100 million, said the investment values the company at more than $1 billion. Formlabs also said it appointed Jeff Immelt, former chairman and CEO of General Electric Company, to its board.

Source: Company release