Carbon, a leading digital manufacturing platform, raised over $260 million in growth funding co-led by Madrone Capital Partners and Baillie Gifford. New investors Temasek and Arkema joined the round with participation from existing investors including Sequoia Capital, Johnson & Johnson Innovation – JJDC, Inc. (JJDC), Fidelity Management & Research Company, adidas Ventures, and JSR Corporation. This brings Carbon’s total fundraising to more than $680 million.
Carbon plans to use this new capital to expand R&D efforts, establishing its first Advanced Development Facility (ADF), and to fuel international growth and expansion in Europe and Asia. The ADF will enable Carbon’s engineering teams to improve Carbon’s platform and workflows in scaled-up manufacturing environments to better support its customers and partners. These strategic areas of investment will allow Carbon to continue delivering on the promise of 3D printing by enabling its customers in industries including healthcare, automotive, and consumer goods to accelerate product innovation and create products that are digitally manufactured at scale.
Additionally, Carbon will use the funds to invest in its ongoing development of recyclable and biocompatible materials and to accelerate the expansion of its software capabilities including Carbon’s Digital Manufacturing Cloud. Carbon’s software objectives will emphasize automated design tools focused on algorithmic lattice generation, as well as improved digital factory workflow, including fleet monitoring, quality control, and compliance information management. As part of this expansion, Carbon will continue developing and improving the automation, monitoring, and analytics software that enables large-scale production on the Carbon Platform.