3D printing is rapidly emerging to be one of the most exciting aspects of the manufacturing industry. Simply put, a 3D printer churns out a particular product as a whole using raw materials. This technique is significantly faster than the conventional means of manufacture, wherein prefabricated parts are assembled in an assembly plant. Carbon, the company that developed its very own proprietary Digital Light Synthesis technology to be able to print a wide range of products, is now gearing up to raise $300 million. If successful, it would raise the evaluation of Carbon to a cool $2.5 billion.
Carbon’s technology leverages software, hardware, and molecular science to use high-grade materials to produce some of the finest quality products at a fraction of the cost and time. The company received $200 million in funding in 2018, to reach a valuation of $1.7 billion. To date, Carbon has managed to raise an amazing $422 million in venture capital funding from some of the top VC in the business. Carbon’s backers include Sequoia Capital, Hydra Ventures, General Electric, Fidelity, and so on.
Carbon has successfully managed to print out high-quality sports equipment and apparel.
3D printing is touted by several industry experts and investors as the possible future of manufacturing. It requires lesser materials, reduces manufacturing costs, increases the rate of production and is applicable in the manufacture of a wide range of goods. It should come as little surprise that several VCs are pouring large amounts of money into 3D printing startups.