Glowforge Raises Another $43M

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The $43 million Series E joins the roughly $70 million the company has raised since its 2015 founding. It’s been a few years since the firm has had a significant raise, but the DFJ Growth-led round will go toward accelerating R&D and commercialization for the company’s products. The company has carved out a nice niche for itself over the past 8 years, courtesy of its laser-cutting and engraving systems. The company did get off to a solid start, raising more than $27 million in its first crowdfunding campaign.Education has, predictably, proven a solid growth market for the company as well. The company has thus far carved out a niche for itself, with well-designed, user-friendly systems with a proportionally high price tag. “We founded Glowforge because we believed in a world where people created things for themselves, at home,” cofounder and CEO Dan Shapiro says in a release. “With this fundraise, Glowforge has the resources to expand our vision to empower the world to make magical things.”