3-D Printer Maker Carbon 3D Raises $100mn In Funding Led By Google VenturesAugust 21, 2015 2015-08-21 10:03
3-D Printer Maker Carbon 3D Raises $100mn In Funding Led By Google Ventures
Carbon 3D, the firm who’s 3D printing technology uses light and oxygen to build 3D objects from a pool of resin, has raised $100 million in Series C funding led by Google Ventures.
Debuted at TED2015 in March this year, the technology has the potential to revolutionize 3D printing in the manufacturing industry by speeding up the printing process by up to 100x.
While there are several 3D printers out there they produce objects that are best suited as prototypes. Carbon 3D on the other hand wants to 3D print production quality goods.
Carbon 3D said it will ship a couple dozen printers this calendar year and its printer will hit general availability by next year. The company hasn’t yet revealed the price of its printer.
Google’s interest in Carbon 3D began when Larry Page and Sergey Brin saw the company’s 3D printer in action at TED. The notion of it being 100 times faster than today’s printers is what sold the two founders.
Other participants in the Series C round include Yuri Milner, Reinet Investments and FIS as well as previous backers Sequoia Capital, Silver Lake Kraftwerk and Northgate Capital.