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A short (updated) story of A123Systems
Talks about Venture Capital, Startup and A123systems
RF
Ric Fulop
Founder of DesktopMetal.
Lexington, Massachusetts
Overview
Ric Fulop is the Founder and CEO of DesktopMetal, a company revolutionizing mass production with 3D printing technology. With a background in venture capital and entrepreneurship, he has successfully led various startups and served on the boards of companies like Onshape and Lytro.
Fulop's career highlights include being a double unicorn founder and leading Desktop Metal to pioneer Additive 2.0 technology, as well as making strategic investments in companies like Vicarious Surgical and Onshape, which was later acquired by PTC.
Work Experience
Visiting Scientist, MIT Center for Bits and Atoms
2024 - Current
Visiting Committee, Department of Materials Science and Engineering
2021
Co-founder and board member
2019
Lumafield has invented a new class of CT device that is completely revolutionizing the way the manufacturing industry inspects parts
Lumafield is an accessible X-ray CT platform that gives engineers better insights into product development and manufacturing.
Raised $67,500,000.00 from Shane Neman, Spark Capital, Lux Capital, Kleiner Perkins, Future Shape and DataCollective.
Board Member
2020
Vicarious Surgical is an MIT company founded by Adam Sachs and Sammy Khalifa developing the worlds most advanced robotic surgery system. The company is funded by Bill Gates, Eric Schmidt, Jerry Yang, E15VC and KV.
Vicarious Surgical is a robotics company that develops robotic systems that allow surgeons to perform minimally invasive surgery.
Raised $230,150,000.00 from Khosla Ventures, K5 Global, E15 VC, Becton Dickinson India, Sun Hung Kai & Co. Limited, Innovation Endeavors and Bill Gates.
Seed Investor
2021
Hadrian is a machine parts startup that manufactures precision components for technology companies.
Raised $216,500,000.00 from Caffeinated Capital, Andreessen Horowitz, Construct Capital, RTX Ventures, Tru Arrow Partners, Lux Capital, Bracket Capital, WCM Investment Management, Cubit Capital and Silent Ventures.
Co-Founder, Chairman and CEO
2015 - 2025
DM the the global marketshare leader in metal binder jet, printed castings, printed hydraulics and DLP for mass production. Our entrepreneurial company makes the worlds fastest metal and polymer 3D printers. (acquired by Nasdaq: NNDM)
Desktop Metal is a provider of metal and carbon fiber 3D printing accessible to all engineers, designers, and manufacturers.
Raised $816,760,835.00 from Baron Capital, XN, Chamath Palihapitiya, JB Straubel, Miller Value Partners and HPS Investment Partners.
Founding Board Member
2018 - 2023
Concept to construction in days, not months.
Higharc is a homebuilding automation platform designed to simplify the way people design, construct, and shop for homes.
Raised $80,000,000.00 from MetaProp, Carl Bass, Mulhern & Kulp, Starwood Capital Group, Vertex Ventures, RXR Realty, Simpson Strong-Tie Company, Fifth Wall, Suffolk Technologies and Javelin Venture Partners.
Founding Board Member (acquired by PTC)
2012 - 2015
Lead investor, seed/series A round. Company was acquired by PTC for ~$500M
Board Member (acquired by Google)
2014 - 2015
Lytro is the imaging startup that began as a ground-breaking camera company for consumers.
Raised $215,750,000.00 from Blue Pool Capital, Jaws Ventures, Andreessen Horowitz, Qualcomm Ventures, EDBI, Foxconn Technology Group, North Bridge Venture Partners & Growth Equity, New Enterprise Associates, Huayi Brothers Media Group and SuRo Capital.
Board Member
2014 - 2015
Series A
Salsify helps brands by providing tools to track and analyze inventories, presentation, and sales of goods on digital shelves.
Raised $452,600,000.00 from CrossWork.us.
Education
Sloan Fellow
2004 - 2006