BMW’s venture capital arm has invested in a startup focused on incorporating metal 3D printing into the design and manufacturing process. Along with GV, formerly known as Google Ventures, and Lowe’s Ventures, the investment from BMW iVentures brings Burlington, Mass.-based Desktop Metal’s Series C funding to $45 million. Advances in metal 3D printing, which allows manufacturers to make complex parts faster, are driving innovation across a wide range of automotive applications, BMW iVentures Managing Partner Uwe Higgen said in a statement Monday. Desktop Metal has raised $97 million since launching in October 2015. Previous investors include NEA, Kleiner Perkins Caufield & Byers, Lux Capital, GE Ventures, Saudi Aramco, and 3D printing company Stratasys, according to the company.

Source: Forbes February 06, 2017 19:24 UTC