Dec 20, 2017
Silicon Valley-based Carbon, a start-up that makes super fast 3D printers for manufacturing and design, today announced the first closing in a total raise of $200 million in Series D funding.
The funding is supported by a unique mix of investors that directly align with the strategic direction of the company: global financial institutions Baillie Gifford (Scotland), Fidelity Management & Research Company (U.S.), and ARCHINA Capital (HK); strategic industry partners Hydra Ventures (the corporate venturing arm of adidas), GE Ventures, and JSR Corporation; and Emerson Elemental (the environmental practice of Emerson Collective). The funding is also supported by current investors including Sequoia Capital, Silver Lake Kraftwerk, and Reinet Investments. Other investors are expected to be disclosed in early 2018.
Carbon intends to use the funds to fast-track its global expansion plans and product roadmap, and will double down on its deep commitment to enabling customers to move to real-world, mass digital production at scale.
“The age of digital 3D Manufacturing is here, and this funding – with this incredible group of global financial investors, customers, and partners – validates our vision to fundamentally change how the world designs, engineers, makes and delivers products,” said Dr. Joseph DeSimone, Carbon’s CEO and co-founder.
“This funding will help us realize new classes of workers and business models, where product design and engineering is facilitated by cloud-based computing and a wide range of scanning, sensor, and simulation technologies that enable the creation of perfectly tuned – even personalized – products that have been previously impossible to produce.”
Founded in 2013, Carbon's novel approach combines connected, data-centric hardware with over-the-air software updates and innovative materials, enabling creators to make finished products in less time and without as much waste. It allows users design and produce previously unmakeable products, both economically and at mass scale.
“We were inspired by Carbon’s commitment to innovating environmentally sustainable supply chains, dematerializing and minimizing waste streams, while scaling engines of additive manufacturing that can support economic growth in communities everywhere,” said Andy Karsner, Managing Partner of Emerson Elemental. “We see the potential to enable a new class of workers and tools for 21st century opportunities that strengthen our communities and the environment.”
“We believe Carbon’s digital light synthesis technology will play a crucial role in transforming manufacturing in multiple industrial sectors, especially in Japan and the Asia Pacific region more generally," said Nobu Koshiba, President of JSR Corporation.
Posted in 3D Printer
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