Carbon just secured one of the largest investments in the additive manufacturing sector in recent years: $60 million. The funding was led by current investors Sequoia Capital, Silver Lake, adidas, Baillie Gifford, Madrone, and Northgate.
In an economic context where money is increasingly hard to get, this funding underscores continued confidence in Carbon’s business to produce high-performance products at scale using additive manufacturing.
Founded in 2013, the Silicon Valley-based company has differentiated itself as a platform for large‐scale production of high-performance polymer components. Since then, the company has launched several new hardware products, over a dozen materials, and industry-leading software design and automation tools to help customers produce end-use products at scale.
With increasing production volumes, improved process efficiencies, an exciting roadmap of new products, and deepening customer and partner relationships, Carbon is approaching an important milestone: achieving cash-flow positive operations.
Of all the partnerships the company signed with brands across consumer, medical, and industrial markets, the one signed with footwear brand adidas in 2017 propelled the company and opened the doors of collaboration with other top-tier brands, including the NFL/NFLPA, Fizik, Selle Italia, and Trek as well as Keystone Industries in the dental 3D printing segment.
“It’s an exciting time for Carbon,” said Phil DeSimone, office of the CEO and Co-Founder of Carbon. “We have built a remarkable portfolio of products and a network of trusted suppliers, production partners, customers, and collaborators who share our vision. With this latest round of investment, we’re in a good position to expand what’s possible in digital manufacturing and redefine how entire industries bring ideas and products to market.”
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