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

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

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 previous interview with 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.”

Capital for Carbon

Over the past few years, Carbon has raised approximately $422 million. Contributing to this capital is the company’s first 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 funding round led by Google Ventures.

With its capital Carbon has launched additive manufacturing technology for various industries. In February, it unveiled a new system: the Carbon L1 printer. This is the company’s first new 3D printer since the M2 launched in 2017. American football equipment provider Riddell became the L1’s first customer.

In the same month, Carbon launched a range of new 3D printing solutions for the dental market. This included the M2D 3D printer, dental resins, and industry-specific updates for its operating software.

Carbon also continues to collaborate with German footwear giant adidas by extending its line of shoes utilizing Futurecraft 4D technology, with British fashion designer Stella 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.

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