Upheaval in the additive manufacturing marketplace in recent years dropped Desktop Metal at Bryan Wisk’s feet this month, and Wisk's strategy for success going forward is to keep that chaos at bay, the Arc Public Benefit Corp. CEO said in an interview.
See also: Desktop Metal back from bankruptcy, former parent company restructures
“There’s only one word at DM right now internally; it’s focus,” Wisk told Smart Industry and IndustryWeek Editor-in-Chief Robert Schoenberger. “We’re not a distressed debt investor or private equity. We’re really deep-growth investors, and we’re looking to focus on the core technologies that we bought.”
Arc, a New York investor, earlier this month bought Desktop Metal out of bankruptcy. It was an opportunity born from turmoil.
Podcast: Additive manufacturing and bridging the gap between prototypes and production
The company that pioneered several metal additive manufacturing applications went public in 2021 through a special-purpose acquisition corporation (the same sorts of deals that funded dozens of now-defunct electric vehicle companies around the same time).
Click for more from Robert and the back story of Desktop Metal and the additive marketplace.