Jan 23, 2019

Desktop Metal raises $160 million, led by Koch

Photo by Pat Greenhouse/The Boston Globe via Getty Image

Desktop Metal, a maker of 3D metal printing systems for commercial and industrial use, has raised $160 million in new funding led by a subsidiary of Koch Industries, at a valuation of around $1.5 billion.

Why it matters: The Massachusetts startup has now raised more venture capital ($438m total) than any other 3D printing company in history, and expects to roll out its mass production printer later this quarter, after several months of delays. It already has a desktop prototyping printer on the market.

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WHO won't call coronavirus a pandemic as cases spread

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The World Health Organization will not yet call the coronavirus a pandemic, claiming that needs across affected countries are too varied and the classification would increase fear, per a briefing Monday.

The big picture: As South Korea and Italy stepped up emergency measures in efforts to thwart the spread of the virus, WHO expressed concern about infections with no clear link to China. COVID-19 has killed at least 2,620 people and infected almost 80,000 others, with all but 27 deaths occurring in mainland China.

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The global scramble to contain the coronavirus

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The coronavirus is spreading quickly in cities nowhere near Wuhan, China, and the window to prevent a global pandemic is narrowing.

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