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Via Desktop Metal

Desktop Metal, a Massachusetts-based maker of 3D metal printing systems, has raised $115 million in Series D venture capital funding. Investors include Google Ventures, Saudi Aramco, Australia's Future Fund, Lowe's and Milwaukee Tool. Axios has learned the round gives the company a post-money valuation north of $1 billion, compared to around $360 million post on its Series C round last fall.

  • Why it's a big deal: 3D metal printing may revolutionize not only industrial design but also industrial supply chains. Rather than ordering thousands of components and storing them in a warehouse, companies could print to order. This could include anything from auto and aerospace parts to tiny metal hinges used in home appliances.
  • More context: Axios visited Desktop Metal HQ back in April, just as it was unveiling its first products. Here's the recap.

Go deeper

N.Y. Times faces culture clashes as business booms

Illustration: Sarah Grillo/Axios

New York Times columnist David Brooks' resignation from a paid gig at a think tank on Saturday is the latest in a flurry of scandals that America's biggest and most successful newspaper company has endured in the past year.

Driving the news: Brooks resigned from the Aspen Institute following a BuzzFeed News investigation that uncovered conflicts of interest between his reporting and money he accepted from corporate donors for a project called "Weave" that he worked on at the nonprofit.

America rebalances its post-Trump news diet

Illustration: Annelise Capossela/Axios

Nearly halfway through President Biden's first 100 days, data shows that Americans are learning to wean themselves off of news — and especially politics.

Why it matters: The departure of former President Trump's once-ubiquitous presence in the news cycle has reoriented the country's attention.

2021 sees a record number of bills targeting trans youth

Illustration: Annelise Capossela/Axios

Republicans in at least 25 states have introduced over 60 bills targeting transgender children — a legislative boom since January that has beaten 2020's total number of anti-trans bills.

Why it matters: LGBTQ advocates say the unprecedented push was catalyzed by backlash to Biden's election and the Supreme Court ruling that workers cannot be fired for being gay or transgender.