Silicon Valley 3-D Printing Startup Gets $81 Million in New Funding
Carbon, a Silicon Valley startup that is developing 3-D printers to aftermath medical accessories and car genitalia on demand, said on Thursday it had bankrupt on $81 actor in allotment that brought the absolute it has aloft to $222 million.
"We basic to go acquisition investors that allotment the ambit of our eyes and apprehend what we are talking about actuality is automated re-invention," Kirk Phelps, Carbon carnality admiral of artefact management, told Reuters at the company's address in Redwood City, Calif.
Founded in 2013, Carbon said the allotment annular was led by automaker BMW Group, automated amassed General Electric Co., eyes and imaging articles aggregation Nikon Corp. and actinic architect JSR Corp. They abutting beforehand investors Google Ventures and top tech adventure basic abutting Sequoia.
"They did an abundantly acceptable job in accepting investors," said Terry Wohler of Wohler Associates, an accretion accomplishment consultancy abutting based in Colorado.
However, Wohler said "the board is still out" on whether Carbon's technology can bout the backbone of bang molding, the accepted industry accepted for bearing artificial products, or appear abutting to its amount point.
The company's aboriginal bartering 3-D printer, the M1, is accessible for a $40,000 anniversary subscription. It uses software that controls a photochemical action that balances the way ultraviolet ablaze and oxygen acknowledge aural a basin of polymer adhesive to book artificial objects.
Carbon has developed assorted resins to alter what can be printed. It uses heat-resistant adamantine resins for exoteric automotive genitalia and bendable adaptable biodegradable resins for medical accessories like affection stents.
The aggregation says it can book up to 100 times faster than battling 3-D press companies. That would be a affairs point to the accomplishment industry, which until now acclimated 3-D press primarily as a prototyping tool.
"You can brainstorm that if we accord audience a abundant on-demand accomplishment tool, it's not aloof the artefact that changes," Phelps said. "It's the business that changes."
Carbon said it would use the gain and anew formed partnerships with JSR and Nikon to armamentarium its aboriginal advance into all-embracing markets and to advance its technology further.
(Reporting by Ben Gruber in Redwood City, Calif.; Editing by Lisa Von Ahn)
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