Markforged Holding Corporation has entered into a Settlement and Patent License Agreement with Continuous Composites Inc. The agreement settles all claims in a patent infringement lawsuit Continuous Composites filed against the company in July 2021. Under the agreement, Markforged will make an initial payment of $18 million, followed by additional payments totaling $7 million across the next three years. This includes cross-licenses of the parties' patent portfolios, a mutual release of claims, and agreements not to sue. Furthermore, as part of the settlement, Markforged granted Continuous Composites a security interest in its patent intellectual property rights.