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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

Caitlin Owens, author of Vitals
10 mins ago - Health

Most Americans are still vulnerable to the coronavirus

Adapted from Bajema, et al., 2020, "Estimated SARS-CoV-2 Seroprevalence in the US as of September 2020"; Cartogram: Andrew Witherspoon/Axios

As of September, the vast majority of Americans did not have coronavirus antibodies, according to a new study published in JAMA Internal Medicine.

Why it matters: As the coronavirus spreads rapidly throughout most of the country, most people remain vulnerable to it.

Trump set to appear at Pennsylvania GOP hearing on voter fraud claims

President Trumpat the White House on Tuesday. Photo: Chip Somodevilla/Getty Images

President Trump is due to join his personal lawyer Rudy Giuliani in Gettysburg, Pennsylvania, Wednesday at a Republican-led state Senate Majority Policy Committee hearing to discuss alleged election irregularities.

Why it matters: This would be his first trip outside of the DMV since Election Day and comes shortly after GSA ascertained the results, formally signing off on a transition to President-elect Biden.

Scoop: Trump tells confidants he plans to pardon Michael Flynn

Photo: Alex Wroblewski/Getty Images

President Trump has told confidants he plans to pardon his former national security adviser Michael Flynn, who pleaded guilty in December 2017 to lying to the FBI about his Russian contacts, two sources with direct knowledge of the discussions tell Axios.

Behind the scenes: Sources with direct knowledge of the discussions said Flynn will be part of a series of pardons that Trump issues between now and when he leaves office.