Carbon raising 200 mn USD in series D funding to accelerate delivery of digital 3D manufacturing platform

Different sized airway stents, produced on Carbon's M Series printers in its SIL 30 material

Carbon—a USA-based manufacturer of continuous digital light processing (CLIP) printers and materials—has raised 143 mn USD of an anticipated 200 mn USD in series D funding at first closing.

Carbon intends to use the funding to accelerate delivery of a scalable, digital 3D manufacturing platform that it expects to displace analog injection molding processes for polymeric products. Specifically, the company plans to fast-track its expansion plans and product roadmap, thus increasing its efforts to enable customers to transition to digital mass production at scale.

The funding is supported by a variety of new investors, namely:

  • ARCHina Capital, a venture capital firm in Hong Kong;
  • Baillie Gifford, an asset management and investment trusts firm in Scotland;
  • Fidelity Management & Research Company, an asset management and investment research firm in the USA;
  • GE Ventures, the corporate venture capital subsidiary of General Electric (GE);
  • Hydra Ventures, the corporate venture capital subsidiary of adidas in Germany; and
  • Emerson Elemental, the environmental practice of USA-based non-profit organization Emerson Collective.

It is also supported by current investors such as Sequoia Capital, Silver Lake Kraftwerk and Reinet Investments. Other investors are expected to be disclosed in early 2018.

Commenting on the series D funding raised, Dr. Joseph DeSimone, chief executive officer (CEO) and co-founder of Carbon, said: ‘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 […].

‘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.’

Peter Singlehurst, investment manager at Baillie Gifford, added: ‘We are delighted to be investing in Carbon on behalf of our clients. Through a combination of faster production times, lower costs and a wider range of materials, Carbon is delivering on the long-standing but elusive promise of 3D manufacturing at scale. Coupled with an innovative business model and a first-class team, we believe that Carbon has the makings of a large, valuable and important business.’