8/20/2015

Google Ventures Invests in Carbon3D

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The Silicon Valley-based 3D printing company will use the funding to continue developing its technology.

Carbon3D (Redwood City, California), the developer of CLIP technology, has secured a $100 million funding round led by Google Ventures. The financing will support the company as it continues to develop technology and materials that will enable customers to address the limitations of conventional 3D printing.

Carbon 3D’s recently introduced Continuous Liquid Interface Production technology (CLIP) uses a tuneable photochemical process instead of the traditional mechanical approach to produce final parts more rapidly. Key early customers from targeted industries including automotive, consumer electronics, aerospace, athletic apparel and industrial products.

“Carbon3D’s printing technology is an order of magnitude faster than existing technologies,” said Andy Wheeler, general partner at Google Ventures. “Carbon3D’s technology has the potential to dramatically expand the 3D printing market beyond where it stands today and reshape the manufacturing landscape.”

In addition to Google Ventures, the round includes new investors Yuri Milner, Reinet Fund S.C.A., F.I.S. and others, plus all existing Series A and B investors. The Autodesk Spark Investment Fund’s $10 Million investment in the company, which was announced in April 2015, was converted to equity during this round.

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