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The company reports 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.