Sigma Labs Software Sales Doubles Annual Revenue Growth
New Mexico based Sigma Labs, Inc. revealed their annual revenue more than doubled in the past year. They’ve attributed this spike to the increased sales of their PrintRite3D.
In a time where many 3D printing companies are cutting their workforces, Sigma Labs has managed to expand theirs. Thanks to their impressive sales team, they have seen a successful year and pulled together nearly $9 million in funding in 2020. With the successful revenue and the remaining funding, they intend to continue their R&D work and double down on commercialization of their business.
Sigma Labs develops in-process quality assurance software in the additive manufacturing industry. They have created real-time monitoring solutions – the PrintRite3D – designed for metal manufacturing technologies. This system results in cost and production savings for its customers. They recently signed a deal with the Lockheed Martin Space Additive Design & Manufacturing Center, where PrintRite3D will contribute to the space and defense programs.
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