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Formlabs Working On Secret 3D Printer?

MassHighTech noticed startup company Formlabs has just received a half million USD specifically to create a low-end 3D printer. The team apparently is two gentlemen from the MIT Media lab: Maxim Lobovsky and David Cranor. 
There are no specifications for the 3D printer, nor even a website for them, as far as we can see. According to Angelist:
Formlabs is developing a high quality, low cost 3D printer that works out of the box. It enables designers and makers to create 3D forms by simply hitting the print button. Formlabs products fuses a novel additive manufacturing technology with a unique design-centric approach to achieve an incredible user experience yet to be seen in 3D printing.
Putting this one on the watch list.

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