Carbon, which bills itself as the world’s leading digital manufacturing platform, announced it completed a major fundraising session, its most successful to date.
The Redwood City, CA startup raised over $260 million in growth funding from a host of investors, including leaders Madrone Capital Partners and Baillie Gifford. New investors Temasek and Arkema joined the round along with Sequoia Capital, Johnson & Johnson Innovation, Fidelity Management & Research Company, adidas Ventures, and JSR Corporation.
Carbon has raised its total fundraising to more research and development efforts, establishing its first Advanced Development Facility, and to foster international growth and expansion in Europe and Asia. Carbon will also use its funding to invest in the ongoing development of recyclable and biocompatible materials and to accelerate the expansion of its software capabilities including its Digital Manufacturing Cloud.
“With the Carbon Platform, powered by our Digital Light Synthesis(TM) technology, companies are finally breaking free of the constraints of traditional polymer manufacturing methods to make what’s next now, and at speeds and volumes never before possible,” said Carbon CEO and Co-Founder, Dr. Joseph DeSimone, in a statement.
Since its launch in 2013, Carbon has been steadily growing, with over 400 employees around the world, along with new C-level executives and a seasoned board of directors with an impressive track record of leadership across multiple industries. Carbon plans to keep expanding in both staff and executive leadership.