Business

Carbon seeks to raise up to $300 million in Series E funding

Carbon,the Silicon Valley-based start-up behindDigital Light Synthesis(DLS), is raising up to $300 million in Series E funding, according to financial data providerPitchBook.

The Seattle-headquartered firm estimates that this funding could value Carbon at up to $2.5 billion, an increase from its prior valuation of $1.7 billion. The details of this financing have not yet been disclosed.

In a previousinterview with 3D Printing Industry, Joe DeSimone, CEO and co-founder of Carbon, expressed the company’s goal “to change the way people design, engineer, make and deliver the product to the customer.”

An adidas Futurecraft 4D 3D printed sneaker midsole. Photo via Carbon
An Adidas Futurecraft 4D 3D printed sneaker midsole. Photo via Carbon.

Capital for Carbon

Over the past few years, Carbon has raised approximately $422 million. Contributing to this capital is the company’sfirst round of series D funding in 2017 which raised a total of $200 million. Prior to this Carbon, in 2015, announced a$100 million Series C fundinground led byGoogle Ventures.

With its capital Carbon has launched additive manufacturing technology for various industries. In February, it unveiled a new system: theCarbon L1 printer. This is the company’s first new 3D printer since theM2 launched in 2017. American football equipment providerRiddellbecame the L1’s first customer.

In the same month, Carbon launched a range of new 3D printing solutions for the dental market. This included theM2D 3D printer,dental resins, and industry-specific updates for its operating software.

Carbon also continues to collaborate with German footwear giantadidasby extending its line of shoes utilizingFuturecraft 4D technology, with British fashion designerStella McCartney.

With the goal of changing the way consumer products are manufactured, it will be interesting to see how this new funding round will be utilized.

A lab of Carbon L1 3D printers. Photo via Carbon
A lab of Carbon L1 3D printers. Photo via Carbon.

Vote for Carbon in the”Consumer Product of the year” category for the2019 3D Printing Industry Awards.

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Featured image shows a closeup of 3D printed lattice struts for the Precision-Fit SpeedFlex Precision Diamond helmet lining. Photo via Carbon.