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Carbon Raises Up To $300M

Tech Crunch reports on Carbon, which “has authorized the sale of $300 million in Series E shares…if Carbon raises the full amount, it could reach a valuation of $2.5 billion.”

Carbon, which is based in Redwood City, California, became famous following the release of “its proprietary Digital Light Synthesis 3D printing technology.”  Indeed, Carbon has used this technology in “manufacturing, building high-tech sports equipment, a line of custom sneakers for Adidas, and more.”

Already, Carbon “was valued at $1.7 billion by venture capitalists with a $200 million Series D in 2018…to date, it’s raised a total of $422 million from investors like Sequoia, GV, Fidelity, General Electric, Hydra Ventures, and Adidas Ventures, not including the incoming round of capital.”

Carbon’s aim is “to help designers and manufacturers be more efficient, cut costs, and waste less energy and materials.”

As Carbon’s Co-Founder and Chief Executive Office Joseph DeSimone explains: “we are at the forefront of digital manufacturing, creating a new standard for the industry.  In order to continue pushing the boundaries of what our technology can do and to execute our global strategy, we need to have the best team at the top.”

Image and Quotes Courtesy of Tech Crunch

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