SOMERVILLE, MA, USA, Nov 15, 2021 – Formlabs, the leading 3D printing company, today announced the appointment of Marcy Axelrad, formerly the global head of talent management and talent operations at Wayfair, as its Chief People Officer. Axelrad brings a depth of human resources and business leadership experience to Formlabs and will play a key role in growing the team at Formlabs’ Somerville, MA headquarters as well as in its offices across the globe. As Chief People Officer, Axelrad will oversee the company’s global talent development strategy and programs, recruitment, performance management, employee experience, and advancing the company’s global workforce environment.
“It is my passion to grow teams on the cutting edge of innovation and I look forward to pursuing that passion further at Formlabs. The company is undergoing massive growth and success – it is exciting to join the team at such a pivotal point in the company’s history,” said Axelrad. “Formlabs currently has over 600 employees globally, and I’m excited to work across the organization to further expand our team and support the people who make the innovations at Formlabs possible.”
2021 has marked a year of growth for Formlabs, which doubled its valuation to $2 billion with a recent $150 million Series E funding round led by SoftBank Vision Fund 2. As the company moves towards aggressive global growth, expanding and supporting the Formlabs team will be critical to success. An accomplished leader with a strong track record of scaling teams, Axelrad is well suited to support the continued growth of Formlabs and bring on key engineering talent across the company’s product lines. During her 10 year tenure at Wayfair, Axelrad was instrumental in growing the team from a midsize start up to a global powerhouse with a total workforce of more than 20,000 people worldwide. Her experience will provide Formlabs with the programs, processes and resources needed to seamlessly scale Formlabs into a leading global brand.
“Marcy’s background and proven leadership is invaluable to Formlabs as we embark on the next stage of growth and look to reach the aggressive goals that we’ve set for ourselves as a company,” said Max Lobovsky, CEO and co-founder of Formlabs. “Making sure Formlabs can attract and retain a talented and high-performing team is critical for our success. That is a job for the whole leadership team at Formlabs, but Marcy will be the driver behind that effort.”
Formlabs is expanding access to digital fabrication, so anyone can make anything. Headquartered in Somerville, Massachusetts with offices in Germany, Japan, China, Singapore, Hungary, and North Carolina, Formlabs is the professional 3D printer of choice for engineers, designers, manufacturers, and decision makers around the globe. Formlabs products include the Form 3, Form 3B, Form 3L, and Form 3BL powered by an advanced form of stereolithography (SLA) called Low Force Stereolithography (LFS)™ 3D printing, Form Wash and Form Cure post-processing solutions, Fuse 1 SLS 3D printer, and Form Cell manufacturing solution. Through its Factory Solutions offering for industrial users, Formlabs provides the factories of tomorrow with the flexibility and versatility needed for demanding, evolving industrial applications. Formlabs also develops its own suite of high-performance materials that continue to push the boundaries for 3D printing, as well as best-in-class 3D printing software. For more information visit formlabs.com.