Carbon, a Redwood City, Calif.-based digital 3D manufacturing company, held the first closing in a total raise of $200m in Series D funding.
– Baillie Gifford (Scotland),
– Fidelity Management & Research Company (U.S.),
– ARCHINA Capital (HK),
– Hydra Ventures (the corporate venturing arm of adidas),
– GE Ventures,
– JSR Corporation,
– Emerson Elemental (the environmental practice of Emerson Collective),
– Sequoia Capital,
– Silver Lake Kraftwerk, and
– Reinet Investments.
Other investors are expected to be disclosed in early 2018.
disclosure 09/01/2018: Johnson & Johnson Innovation is an investor in the round.
The company will use the additional capital to continue to expand operations and its development efforts as well as its business reach.
Founded in 2013 by Dr. Joseph DeSimone, CEO, Carbon provides a digital 3D manufacturing platform, which fuses light and oxygen to produce polymeric products from a pool of resin. The company’s subscription-based model closely aligns it to its customers’ businesses – with every-six-week software updates, continuous education and training programs, and one-to-one customer service.
The platofrm has applications across a variety of industries, including automotive, consumer products, dental, and medical.