Carbon (www.carbon3d.com), a Silicon Valley-based digital 3D Manufacturing company, announced the first closing in a total raise of $200 million in Series D funding. Delivering a true, scalable digital 3D manufacturing platform for polymeric products, the company will use the additional capital to accelerate its momentum in disrupting traditional analog injection molding production techniques with connected, software-first, digitally-enabled design and fabrication capabilities. Specifically, Carbon intends to use the funds to fast-track its global expansion plans and product roadmap, and will double down on its commitment to enabling customers to move to real-world, mass digital production at scale.
The funding is supported by a 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), a values-driven organization dedicated to removing barriers to opportunity so people can live to their full potential. 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.
“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. “We are especially gratified that our mission and values came through as such strong criterion for this group. Since Carbon first introduced digital light synthesis, we have continuously pushed the boundaries and transformed industries, and are uniquely positioned to take digital manufacturing to an entirely new level. 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.”