[ad_1]
Carbon, the child of the 3D poster, has authorized the sale of $ 300 million of Series E shares, according to a Delaware stock exchange statement not covered by PitchBook. If Carbon raised the total amount, it could reach $ 2.5 billion.
Using its patented Digital Light Synthesis technology, the company has integrated 3D printing technology into the manufacture, construction of high-tech sports equipment, a line of personalized sneakers for Adidas and more. It was valued at $ 1.7 billion by venture capitalists with a $ 200 million Series D in 2018.
Carbon declined to comment on its upcoming fundraising plans.
Redwood City's carbon is well capitalized. To date, it has raised a total of $ 422 million from investors like Sequoia, GV, Fidelity, General Electric, Hydra Ventures and Adidas Ventures, not to mention the new capital round.
Carbon wants to help designers and manufacturers to be more efficient, reduce costs and waste less energy and materials. Under the leadership of Joseph DeSimone, co-founder and CEO, the company recently promoted Craig Carlson, his former vice president of engineering, to the position of chief technology officer.
"We are at the forefront of digital manufacturing, creating a new standard for the industry. In order to continue to push the boundaries of what our technology can do and implement our global growth strategy, we need to have the best team at the top, "said DeSimone in a statement following the announcement of the promotion.
Source link
