Carbon Taps $260 Million in Additional Funding for Advanced Development Facility & International Expansion http://bit.ly/2XxYuLp Silicon Valley-based Carbon is forging ahead with new financial resources—to the tune of $260 million— after a round of growth funding which will allow them to expand operations considerably, along with strengthening their role as a player in the Asian and European 3D printing markets. Funding was co-led by Madrone Capital Partners and Baillie Gifford, with new investors Temasek and Arkema also joining the following existing investors:
That brings cumulative recent funding for Carbon to $680 million, offering plentiful financial resources for the diverse company to increase research and development. This activity will occur at their new Advanced Development Facility (ADF), and they will also continue further marketing internationally. The new site will strengthen Carbon’s platform and workflow, benefiting their customers and partners around the globe engaged in applications like health, automotive, and consumer goods. Overall, the goal of their engineering teams is to innovate and accelerate product development.
The Carbon team will also invest further R&D efforts in recyclable and biocompatible materials, along with software expansion for the Digital Manufacturing Cloud, including emphasis on:
There are also plans to improve the software currently enabling comprehensive production for the Carbon platform.
The company currently employs over 400 team members, which they proudly refer to as ‘world-class talent,’ managed by a group of new C-level executives and an experienced board of directors—all aiming toward further expansion in sales and marketing.
Carbon also reports the following progress:
We have also followed as Carbon introduced polymer parts for Ford vehicles, announced a partnership with Riddell for a digitally printed football helmet liner, unveiled the new L1 printer, and also recently released a digital manufacturing platform for dental and orthodontic labs.
Will Carbon live up to the expectations that they are creating? The firm has little in installed base and sold systems when compared to existing players. The number of things actually being manufactured with their technology is also limited compared to existing vendors. Their technology also is interesting in many respects but what niches will it be able to exploit? How will Carbon’s parts hold up to the real world? What do you think of this news? Let us know your thoughts! Join the discussion of this and other 3D printing topics at 3DPrintBoard.com. [Source / Images: Carbon] Please enable JavaScript to view the comments powered by Disqus.Printing via 3DPrint.com | The Voice of 3D Printing / Additive Manufacturing https://3dprint.com June 25, 2019 at 01:30PM
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