Arc Takes Over Desktop Metal, with a Focus on AI and U.S. Manufacturing

Investment firm Arc Impact Acquisition Corporation has acquired Desktop Metal (DM) out of bankruptcy for $7 million, with plans to relaunch the business focusing on AI-driven, U.S.-based advanced manufacturing. The company aims to leverage DM's core technologies alongside Adaptive3D's materials and AI tools to address supply chain gaps in industries like defense and healthcare. The restructured company, led by Arc, will prioritize core technologies like binder jetting and ceramics, moving away from a hardware-centric approach to offer R&D services and contract manufacturing. Arc's goal is to revitalize American industry through advanced manufacturing, targeting high-tech components for national security and economic resilience.