April 7, 2022
Markforged will integrate Teton’s technology with its 3D printing software solution, Eiger, as a subscription add-on. According to the company, the acquisition enhances Markforged’s lead in distributed manufacturing by extending its end-to-end platform with fast, automated validation of the most demanding end-use parts and applications.
The company also says that the acquisition adds strategic functionality to the Digital Forge to give Markforged’s users confidence that printed parts will perform as intended, enabling them to replace more end-use metal parts with validated Continuous Fiber Reinforcement (CFR). The software will make it easier to correctly set slicing parameters for end-use requirements, and reduce physical testing.
Teton’s SmartSlice product integrates with slicer programs and replaces the print-break-repeat prototyping cycle in order to accelerate development and reduces the time and cost of production-quality parts.
“Software is the core of Markforged's solution and our competitive edge. The acquisition of Teton Simulation advances our industry leadership in using software to increase process automation and offers our customers an easy way to validate their parts on the same platform they use to print them. Adding this functionality enables our customers to utilize The Digital Forge deeper into their manufacturing operations,” said Shai Terem, President and CEO of Markforged. “I am excited to welcome the Teton team to Markforged, as we share the vision of leading the future of distributed manufacturing. Together, we continue to strengthen our team and enable our customers to produce mission-critical, end use parts.”
“Our team believes in the potential of additive technologies to truly change how we manufacture things, and have worked tenaciously to design a software offering that enables broader adoption of additive,” said Doug Kenik, CEO of Teton Simulation. “Joining Markforged integrates our technology into a state-of-the-art solution that will reach a broader customer base, and offer resources to scale it. We love the cultural fit with the Markforged team.”
“Teton’s integration and fit with Markforged’s tech stack provides the perfect home to develop the next level of additive manufacturing solutions,” said Brady Adams, CTO, Teton Simulation. “So many elements of The Digital Forge, including CFR, are game changers and I am so excited to get an opportunity to integrate our advanced simulation technology to help manufacturers all over the world take additive to the next level.”
Terms of the acquisition are not being disclosed.
Sources: Press materials received from the company and additional information gleaned from the company’s website.