3D printing unicorn Carbon won E-round 260 million US dollars financing

On June 26, 2019, the Antarctic bear learned from foreign media that the unicorn company Carbon in the field of 3D printing received the E round of investment. The financing scale reached 260 million US dollars (about 1.8 billion yuan), and the valuation reached It has $2.4 billion (16.5 billion yuan). In the recently released "2019·3D Print Enterprise Market Value/Valuation Comparison Report", the Antarctic Bear gave Carbon a valuation of $2.2 billion, which is close to the valuation of this round of financing. As a leading company in the field of light curing, it is getting closer to the valuation of EOS, the global leader in metal 3D printers.

The latest round of funding was led by Madrone Capital Partners and Baillie Gifford, and California-based Madrone Capital Partners is known for its long-term investment philosophy and has established a relationship with Rob Walton - Rob Walton's family co-founded the world's largest Retailer Wal-Mart.

Greg Penna, founder and general partner of Madrone Capital Partner and chairman of Wal-Mart, said: "What impressed me was the diversity of Carbon in the market and in the industry. They built through large manufacturers of cars, healthcare and consumer goods. Partnerships, with their digital photosynthetic technology, apply additive manufacturing in larger scale production, which is becoming a reality across industries, and we are likely to contribute to Carbon's future success. “Since 2014, Carbon has completed five rounds of financing. Investors include global financial institutions such as Baille Gifford and Fidelity Management & Research. Carbon-backed venture capital firms include Silver Lake Kraftwerk, Reinet Investments, Northgate Partners, Piedmont Capital Partners, Wakefield Group, Eshelman Ventures, Sequoia Capital and the aforementioned Madrone Capital Partners.

The new investor in Singapore, Temasek and the global chemical company Arkema, which is listed in Paris, also joined the round. Participants also come from existing investors, including Sequoia Capital, Johnson & Johnson Innovations - JJDC, Inc. (JJDC), Fidelity Management & Research, adidas Ventures and JSR.

Peter Singlehurst, investment manager at Baillie Gifford, commented: “At Baillie Gifford, we seek to invest in companies that can achieve long-term transformational growth. Through a combination of technology and business model innovation, Carbon is realizing its commitment to additive manufacturing and is growing rapidly. A vibrant opportunity. “Additional funds are dedicated to a variety of purposes, including expanding research and development activities and driving international growth, especially in Europe and Asia.

The final area of ​​expenditure announced by Carbon is the ongoing effort to develop recyclable and biocompatible materials and to further enhance and extend the Carbon ecosystem software, particularly its digital manufacturing cloud.

In accelerating software development, Carbon plans to focus on automated design tools that use "algorithm lattice generation" and digital factory workflows.

Dr. Joseph DeSimone, CEO and co-founder of Carbon, commented: "With our Carbon platform driven by digital photosynthetic technology, the company has finally got rid of the constraints of traditional polymer manufacturing methods and is fast."

Carbon will recruit more new employees, including sales, marketing and customer experience, on top of the existing 400 employees.