Over $260 Million has been raised by a digital manufacturing platform, Carbon, in a funding round directed by Madrone Capital Partners and Baillie Gifford, as per the company release. In the round, Arkema, Temasek, Fidelity Management & Research Company, Johnson & Johnson Innovation, JSR Corporation, Sequoia Capital, and Adidas Ventures all had taken part. This has brought the total fundraising of Carbon to $680 Million.
The company said, “Carbon intends to utilize these new funds to extend R&D efforts, launching its foremost Advanced Development Facility (ADF), and to stimulate international growth and spreading out in Asia and Europe. The ADF will allow engineering teams of Carbon to enhance platform of Carbon along with its workflows in intensified manufacturing environments to better back its partners and customers.”
It further added, “These strategic investment areas will enable Carbon to carry on delivering on the pledge of 3D printing by allowing its clients in industries, comprising automotive, consumer goods, and healthcare, to hasten product innovation and develop pioneering products that are manufactured digitally at scale.”
Co-founder and CEO of Carbon, Dr. Joseph DeSimone, stated the firm aspires to innovate. He said, “With the Carbon Platform, supported by our Digital Light Synthesis™ technology, firms are at last liberating from the restraints of traditional polymer manufacturing techniques to generate what’s next now, and at volumes & speeds never before achievable.” Carbon is going to utilize the funds to invest in manufacturing reusable materials and to enhance its software’s abilities, such as the firm’s Digital Manufacturing Cloud.
On a similar note, 1.5 billion yuan (around $218 Million) has been raised by the logistics section of JD.com, the closest e-commerce rival of Alibaba in China, to use in logistics-related technology and companies. Limited partners in the latest fund comprise JD.com and JD Logistics, as well as unrevealed listed firms and government-led funds, as Reuters reported.
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