3D printing company New Matter is shutting down this month

Perhaps 2014 wasn’t the ideal time to get into the 3D printing game. After years of hype, the even the biggest names have been struggling to stay afloat. Pasadena startup New Matter is joining the growing list of companies who’ve unsuccessfully made a go at it, announcing that it will be closing up shop by the end of the month.

It’s not for lacking of trying — and the company’s MOD-t printer was met with decent reviews when it launched in 2016. In his writeup, John praised the pricing ($300 or $400, depending on where you picked one up) and ease of use, though added cautiously, “you get what you pay for.”

Initially funded on Indiegogo, the company went back to the crowdfunding well last year, this time taking to Kickstarter to pay for a Model 2. The project managed to exceed its goal in five days, but New Matter still pulled the plug. The company says it ultimately wanted to go back to the drawing board.

“We have always strived to listen closely to our customers’ feedback, and given the overall reaction to the MOD-t (2nd Gen),” New Matter wrote, “we decided that the best course of action would be to discontinue the Kickstarter campaign effective November 15, 2017, rethink our next generation offering, and return with additional updates in the coming year.”

By the holidays, the company was offering up its first-gen product for $200, which now appears like another red flag. The truth is that much of the shine has worn off consumer 3D printing, and even those companies that have found success have ultimately found it difficult or impossible to compete with low cost juggernauts like XYZ, which have simply undercut the competition.

In his announcement, New Matter CEO Steve Schell acknowledges that market difficulty was a major factor in the company’s decision to cease operations, writing, “It has become clear that our aspirations to transform the industry simple don’t fit profitably into the current market dynamics in desktop 3D printing.”

While it’s ceasing operations by end of month, the company will offer some technical support through the summer. After that, however, the machines will lose some functionality, so go forth and print like every day could be your last.

Comments

Best Web Design Company in Pondicherry

#Technology has two faces. We all feel it, but sometimes can’t find words to describe it. #Ebooks are the best example to show the 0-1 nature of emotions the #technology evokes. #itwhere provide a #Best #solutions to #Growyourbusiness feel free to drop a #Mail info@itwheretech.co.in www.itwheretech.co.in

Workato Chat Bot Brings Enterprise Workflow Into Slack

As we head into 2016, enterprise chat applications like Slack are suddenly a hot commodity, and if you’re inside chat a good portion of the day the argument goes, you should be able to access other work without leaving the chat client. This is exactly what Workato’s newly announced chat bot, Workbot, is designed to do. Chat bots are small programs that integrate with a chat platform and provide some advanced type of functionality in a fairly easy fashion. The new Workbot-chat bot enables users to access and control over 100 enterprise applications such as a Salesforce CRM record, Quickbooks accounting information or Zendesk customer service interactions directly inside of Slack. One of the primary issues with early Enterprise 2.0 tools was that they were just another application busy employees needed to pay attention to. The idea here is to give users customer information directly in the context of the discussion they may be having...

Trump cites Facebook exec’s comments downplaying Russian ad influence on election

You’d be forgiven for missing Donald Trump’s multiple retweets of Facebook executive Rob Goldman over the weekend. Perhaps you were spending time with family, watching Black Panther or just attempting to forget politics for a moment by ignoring the manic flurry of social media updates from the leader of the free world. But in amongst a deluge of tweets that blamed Democrats for failing to preserve DACA, called out the FBI over the recent school shooting in Florida on the FBI and affectionately referred to a member of congress as “Liddle’ Adam Schiff, the leakin’ monster of no control,” the President cited Facebook’s VP of Ads as evidence against claims that his campaign colluded with Russia. “The Fake News Media never fails,” Trump tweeted over the weekend. “Hard to ignore this fact from the Vice President of Facebook Ads, Rob Goldman!” Trump was citing Goldman’s own Twitter dump over the past week, responding to Special Counsel Robert Mueller’s recent indictment of 13 Russian...

South Korea aims for startup gold

Back in 2011, when South Korea won its longshot bid to host the 2018 Winter Olympics, the country wasn’t widely recognized as a destination for ski and snow lovers. It wasn’t considered much of a tech startup hub either. Fast forward seven years and a lot has changed. For the next 10 days, the eyes of the world will be on the snowy slopes of PyeongChang. Meanwhile, a couple of hours away in Seoul, a burgeoning startup scene is seeing investments multiply, generating exits and even creating a unicorn or two. While South Korea doesn’t get a perfect score as a startup innovation hub, it has established itself as a serious contender. More than half a billion dollars annually has gone to seed through late-stage funding rounds for the past few years. During that time, at least two companies, e-commerce company Coupang and mobile-focused content and commerce company Yello Mobile, have established multi-billion-dollar valuations. To provide a broader picture of how South Korea stacks ...

Three Reasons Why You Need Better Personal Cyber security

From the infamous Sony hack to the recent WannaCry virtual catastrophe that affected over 300,000 computers, the need for reliable personal cyber security has never been more apparent. Rubica's skilled team of experts want to remind every one of the importance of cyber security and the three reasons why it is becoming a more pressing issue every day. With top-notch personal cyber security, most attacks are preventable. 1. Larger Number Of Attacks Americans have heard of the most notable attacks on major corporations or government entities over the past several years. However, most people who are not in the information security field do not learn just how much the attack frequency is growing. The number of cyber attacks carried out worldwide in 2015 was quadruple a number of attacks recorded in 2013. Although the cost associated with the number of annual recorded attacks is in the $500 billion range right now, experts say that it will grow well into the trillions by ...

Exciting Technology

Search This Blog