When Carbon introduced its CLIP technology in 2015, it did so with TED Talk and a $41 million raise led by Silver Lake and Sequoia Capital. At the time, from what they saw of Carbon's so-called 'layerless' technology, the latter remarked that “3D printing would never be the same."
Ten years in, evidently, they still believe, as Carbon recently secured $60 million in new funding with both investors continuing to back the Silicon Valley additive manufacturing company.
The funding, per Carbon's announcement, will 'bridge the gap' towards achieving cash-flow positive operations. But in a conversation with TCT, Phil DeSimone, Office of the CEO and Co-Founder of Carbon, said that's just the start.
"I think it's a good thing for the optics of the industry as a whole," DeSimone told TCT. "There's a lot of people that come in and give you this long spiel about how wonderful they are. In many ways, I think there's a lot more luck and timing that has to go into it than people let on. I am absolutely grateful to our investors. I think it's a vote of confidence in what we've been able to accomplish over the last several years since I stepped into the role that I'm currently in, as well as a vote of confidence in the future that's in front of us."
This financing DeSimone says, is about making strategic investments for growth and affording Carbon the breathing room to think strategically about its direction over the next decade. That includes new territories, applications and technologies.
