AI and cloud-based additive manufacturing platform makes SPAC deal

Founded in 2013, Markforged is the creator of an integrated metal and carbon fiber additive manufacturing platform, The Digital Forge - a cloud and ML-based 3D printing platform designed to interconnect all of the company's systems currently being used around the world. It is claimed to be the first such platform to use machine learning, a feature that enables the company's Eiger print preparation software to constantly learn from the 12,000 systems in its 73-country-wide global fleet. As such, says the company, every print on a connected Markforged system should theoretically be more accurate than the last. A* was founded and is led by technology industry veteran and investor Kevin Hartz. The combined company will have an estimated post-transaction equity value of approximately $2.1 billion at closing.