Reports emerged back in April that the Redwood City, California-based company was seeking to raise up to $300 million, which we now know was in the ballpark. This round takes Carbon’s total raised to $680 million and follows its $200 million series D raise from 2017, when it claimed a $1.7 billion valuation. Pitchbook estimated earlier this year that Carbon could now be valued at up to $2.5 billion, and we’re told the company has in fact reached a valuation of $2.4 billion with this latest round.
Founded in 2013, Carbon is one of a number of startups developing 3D printing technologies to open up digital manufacturing to more creators and companies. It operates at the intersection of “hardware, software, and materials science,” as the company puts it, with specialized “digital light synthesis” technology that meshes light projection with programmable resins to transform the liquids into solid materials. Moreover, it can create complex, intricate constructions not possible with traditional mold injections, while ensuring the final product is both sturdy and lightweight.
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