REDWOOD CITY, Calif.--(BUSINESS WIRE)--Carbon (www.carbon3d.com), a Silicon Valley-based digital 3D Manufacturing company, today announced Johnson & Johnson Innovation – JJDC, Inc. (JJDC) – has joined other investors in a total raise of $200 million in Series D funding. The investment builds on a strategic two-year collaboration between Carbon and Johnson & Johnson Services Inc. to leverage Carbon’s proprietary Digital Light Synthesis™ technology to develop surgical instruments for orthopedics and other medical devices, and reflects the Johnson & Johnson Family of Companies’ continued focus on the ability of 3D printing to better serve patients and health systems.
Dr. Joseph DeSimone, Carbon’s CEO and Co-founder says, “This funding is vital to the work we’re doing with leading healthcare companies to improve lives using next-gen technology, and will enable Carbon to accelerate its momentum in delivering a true, scalable digital 3D Manufacturing platform across the globe.”
JJDC joins a unique mix of investors in this round of funding, which were originally announced last month and include Baillie Gifford, Fidelity Management & Research Company, ARCHINA Capital, Hydra Ventures (the corporate venturing arm of adidas), GE Ventures, JSR Corporation, and Emerson Elemental (the environmental practice of Emerson Collective). The funding is also supported by current investors including Sequoia Capital, Silver Lake Kraftwerk, and Reinet Investments. The remaining investors are expected to be disclosed in the coming weeks.
Carbon will use the funding to accelerate its momentum in disrupting traditional analog injection molding production techniques with connected, software-first, digitally-enabled design and fabrication capabilities. Specifically, the additional capital will enable the company to fast-track its global expansion plans and product roadmap, and double down on its deep commitment to moving customers to real-world, mass digital production at scale.
Founded in 2013, Carbon pioneered a revolutionary alternative to 3D printing, fusing light and oxygen to rapidly produce products from a pool of resin. Its novel approach combines connected, data-centric hardware with over-the-air software updates and innovative materials, enabling creators to design and produce previously unmakeable products, both economically and at mass scale. Carbon’s unique subscription-based model closely aligns it to its customers’ businesses – with every-six-week software updates, continuous education and training programs, and one-to-one customer service – to ensure optimal customer experiences and capabilities. This results in deep partnerships with customers, opening up new business models across a variety of industries, including automotive, consumer products, dental, and medical. The unprecedented adidas Futurecraft 4D is a proven example of the power of true digital 3D manufacturing today, creating unlimited possibilities for designing, engineering, making and delivering truly innovative products.
To learn more about Carbon and the innovative work it is doing with customers, visit www.carbon3d.com.
About Carbon
Carbon is a Silicon Valley-based company working at the intersection of hardware, software, and molecular science to deliver on the promise of digital 3D Manufacturing. The company empowers its customers and partners to evolve beyond using 3D printing for basic prototyping to producing at scale by revolutionizing how they design, engineer, make, and deliver their products. With Carbon’s Digital Light Synthesis™ technology and its SpeedCell™ system (M Series printers and Smart Part Washer), manufacturers can unlock new business opportunities such as mass customization, on-demand inventory, and differentiated products made with unique functional materials. Carbon's solutions also provide substantial operational efficiencies, such as the elimination of tooling costs and decreased time to market. To learn more, visit www.carbon3d.com.
