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May 19, 2023
Seattle-based Glowforge announced it has raised an additional $20 million in Series E funds, bringing its total financing to $135 million. Returning investors DFJ Growth and Foundry Group co-led the round, which saw additional funding from Revolution Growth and True Ventures, also returning investors. Glowforge will use the funding to accelerate innovation and expand product offerings and services. The financing comes on the heels of the company's launch of Magic Canvas, which uses generative AI to create physical products. Glowforge is the creator of a 3D laser printer that cuts, engraves, and scores hundreds of materials, including wood, leather, acrylic, paper, fabric – even chocolate. It was founded in 2015 by Dan Shapiro, chief executive officer, and Mark Gosselin, chief technology officer.