Carbon 3D Receives New Funding
Carbon 3D Inc., Silicon Valley, CA/USA, today announced new funding from strategic investors toward the goal of bringing additive technology to more customers transitioning from prototyping-only use cases, to applications requiring final production quality parts with great surface finish, broad and expanding material options and the plans to transition to mainstream manufacturing. Carbon also plans to offer its proprietary Clip technology internationally and is accelerating production to meet worldwide demand for its M1 printer.
The expansion is supported by USD 81 million from new investors GE Ventures, BMW, Nikon and JSR, as well as existing investors, bringing Carbon’s funding total to USD 222 million. More details of additional strategic investors involved in this round of financing will be announced in 2017 along with details of their manufacturing projects that utilize Carbon’s technology. “In today’s digital world, additive manufacturing is changing how products are designed, made and serviced at GE,” said Steve Taub, Senior Director of Advanced Manufacturing, GE Ventures. “Carbon’s Clip technology can print exceptional quality parts for end-use production, opening the doors to incredible possibilities like low volume manufacturing, freedom of design, and mass customization. We are excited to work with Carbon as part of our vision in deploying additive manufacturing applications across GE.” Series C participants Nikon Corporation and JSR Corporation are exploring synergies making Carbon’s technology available in Japan as well as entry into other Asian markets. Nikon will bring their deep expertise in metrology and 3D data profile, including 3D measurement and X-ray CT. JSR, an important producer of fine chemicals associated with the manufacture of microelectronics, is an ideal partner to enhance exploration of new materials and extension of Carbon’s supply chain.
Since the launch of Carbon’s first machine, the M1, the company has pushed the boundaries of 3D printing. For the first time ever, Carbon has made it possible to produce 3-dimensional isotropic parts with the mechanical properties and surface finish of a quality that matches injection-molded plastics. Collaboration with world-class manufacturing companies and service bureaus have enabled Carbon to deliver final quality parts for customers in industries as varied as automotive, medical, apparel, and consumer electronics. Carbon’s customers include BMW Group, Delphi and Ford. The M1 is a powerful new tool for product design, functional prototyping and at-volume manufacturing. According to the company, no other additive technology delivers the synthesis of fit, form, and function needed to deliver end-use parts.
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