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Shapeways

#7323

Rank

$21.49M

MarketCap US

US United States

Country

Summary
Shapeways Holdings, Inc. facilitates the design, manufacture, and sale of 3D printed products in the United States, Europe, and internationally. The company offers an end-to-end digital manufacturing platform on which the users can transform digital designs into physical products under the Otto brand. It provides additive manufacturing services, such as 3D printing, rapid prototyping, and design services; and traditional manufacturing services, including injection molding, sheet metal, urethane and vacuum casting, CNC machining, and machine tooling. It also offers selective laser sintering materials, which include nylon 12, thermoplastic polyurethane, nylon 11, nylon 6 mineral filled, and polypropylene; binder jetting materials consisting of stainless steel and sandstone; multi-jet fusion materials; stereolithography materials, such as accura 60, accura xtreme, and accura xtreme white 200; selective laser melting material, including aluminum; material jetting materials, such as fine detail plastic, multi-color polyjet, and high definition full color; and wax casting materials comprising copper, platinum, gold, silver, bronze, brass, rhodium plated brass, and gold plated brass. The company serves the medical, consumer, robotics, architecture, aerospace, gaming, drones, education, and jewelry industries. Shapeways Holdings, Inc. was founded in 2008 and is based in Long Island City, New York.

History

Early history

Shapeways began as a spin-off of Royal Philips Electronics, the Netherlands in 2007. It was founded by Peter Weijmarshausen, Robert Schouwenburg and Marleen Vogelaar and the idea came forth at the Philips design department. The concept and venture plan was initially created in 2005 by Dolf Wittkämper within the `Philips Lifestyle Incubator` program which offers support for start-up companies with innovative ideas.In 2008 a service was launched that allowed customers to design their own 3-dimensional products through rapid prototyping by sending a CAD-file to the Shapeways website to 3D print. Designers can also sell their own designs to be 3D printed on demand for customers, Shapeways handles the financial transaction, manufacture, distribution and customer service; profits go to the designer.Originally the rapid prototyping could only print using simple materials. Later nylon was added as a possibility. In 2009 it was made public that they succeeded in also manufacturing stainless steel. As of 2012 the scale and possible materials have been further expanded to include sterling silver, acrylic, full color 3D printing and food safe ceramics.On October 19, 2012 Shapeways opened a new '3-D printing factory' in Queens, New York that could house 50 industrial printers and produce millions of consumer-designed products a year.The option now exist for consumers to adapt designs without prior knowledge of 3D design programming. There are models which can be adapted real-time by uploading new text or pictures: so-called 'Creators'. There is also the possibility of participating in Co-Creator platforms in which consumers and designers work together to achieve optimal results. In July 2014, Shapeways announced a partnership program with Hasbro, Inc. to produce 3D printed models of characters from My Little Pony: Friendship Is Magic based on designs created by the adult fan artists from the show and approved by Hasbro. The approach has been seen as a way to lead into other licensed media productions from Hasbro and other Hollywood companies.On February 21, 2018, Shapeways named Gregory Kress as CEO, replacing Tom Finn.

Recent history

In 2018, Shapeways announced an agreement with Stratasys to provide entrepreneurs better access to 3D full-color printing using a variety of materials. Since 2019, Shapeway has been able to produce PA-11, a material used in various industries such as aerospace, medical, automotive and more. In 2019, Shapeways celebrated its 10 millionth printed part. It produces up to 6,000 products daily and delivers to more than 130 countries.

In September 2019 Shapeways signed a partnership agreement with ZVerse, CADaaS platform, aiming to solve the problem of digital content creation. CADaaS platform enables to optimize 3D files that don't meet required standards and even create new 3D models directly within the Shapeways website. In 2020, Forward AM, BASF’s brand for high-performance materials and services for 3D printing, partnered with Shapeways to offer customers the ability to order 3D-printed items online made with Forward AM material. In 2021, Shapeways announced having 3D printed over 20 million parts for more than 1 million customers in 160 countries.On April 28, 2021, Shapeways and Galileo Acquisition Corp. , a special-purpose acquisition company, entered into a definitive merger agreement for a merger transaction in which Shapeways will be acquired by Galileo. Upon closing of the transaction, the combined company will be named Shapeways Holdings, Inc. and is expected to remain listed on the NYSE under the new ticker symbol, SHPW. The combined company will be led by Greg Kress, Shapeways’ Chief Executive Officer.


Mission
Our mission is to empower the world’s digital creators with the tools and services necessary to bring their ideas to life and make it accessible to anyone. We are dedicated to using 3D printing to help empower creativity and foster a new wave of inventions and innovation.

Vision
We believe 3D printing can be used to make lasting, positive change in every aspect of life, from rapidly prototyping medical devices to customizing apparel. Our vision is to democratize 3D printing, so everyone is able to explore ideas and bring them to life, no matter the size of their budget or their level of technical expertise.

Key Team

Mr. Andrew Nied (Chief Operating Officer)


Recognition and Awards
Shapeways has been on the cutting-edge of 3D printing for more than a decade, and its products and services have won numerous awards and accolades. Shapeways has been recognized for its products and services by the likes of TIME, Inc., Fortune, The Wall Street Journal, Popular Science and more.

References
Shapeways
Leadership team

Mr. Gregory Kress (CEO & Director)

Mr. Alberto Recchi (CFO & Director)

Ms. Marleen Vogelaar (Co-Founder and CSO)

Products/ Services
3D Printing, Manufacturing, Marketplace, Product Design
Number of Employees
100 - 500
Headquarters
New York, New York, United States
Established
2007
Company Registration
SEC CIK number: 0001784851
Revenue
20M - 100M
Traded as
SHPW
Social Media
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