Loveland, Colo.-based Aleph Objects, Inc., makers of the LulzBot line of 3D printers, has seen tremendous growth the past couple years. Sales of the LulzBot TAZ and LulzBot Mini pushed revenue from $523,706 in 2012 to $4.761 million in 2014 – an 809 percent increase over two years. The company is on pace for similar growth this year. As of May, revenue for 2015 surpassed all of 2014.
LulzBot 3D printers have been seen on NBC's "Today Show" and were the subject of a recent segment on The Science Channel's "How It's Made" series. The local business community has also taken notice. Aleph Objects has been recognized by four different programs in its home state:
- Mercury 100 - Fastest Growing Company in Northern Colorado
- Fort Collins Chamber of Commerce Small Business of the Year
- Colorado Companies to Watch
- Made in Colorado Top 250 Manufacturers
The revenue growth has translated into overall growth and aid to the local economy. The company went from 17 to 84 employees the past year and a half and its 17,000 square foot Loveland headquarters now includes a cluster of 144 LulzBot 3D printers that make printer parts 24 hours a day.
The success of Aleph Objects is a strong argument against those who believe proprietary technology is required in order to build a strong business. With "Libre Hardware" as a motto since its inception, the company is proving commitment to an open source strategy can work, particularly in the desktop 3D printing market.