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Formlabs

Hardware/3D printingUSA
✂️ Markdown
Peak $2 BillionToday
~-50%
from peak
  1. 🦄
    Became a unicorn
    2021
  2. 📈
    Peak valuation
    $2 Billion ’21
  3. 💔
    Became a Unitard
    ~2023
  4. 💸
    Last valuation
    ~$1B
Current status
Fallen unicorn est.

How it happened

Formlabs is a desktop and industrial 3D-printing hardware company that reached a roughly $2B valuation in a 2021 funding round. Amid the broader hardware and venture downturn, third-party estimates (via PitchBook) marked the company down to a fallen-unicorn valuation (~-50% from peak), reflecting cooler private-market sentiment rather than a formal down round.

Source: CNBC/PitchBook