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Why Carbon just raised another $260 million
Two months ago, we reported that Carbon was set to raise up to $300 million, bringing the 3D printing company’s valuation up to a lofty $2.5 billion. The real numbers released this week by the company aren’t quite so lofty, but are impressive nonetheless. The Series E fetched $260 million, putting its valuation at closer to $2.4 billion.
The latest round follows a $200 million Series D that arrived in late-2017, bringing the company’s total raise to $680 million. What exactly is the bay area-based startup planning to do with that massive sum, in the wake of high profile manufacturing partnerships with companies like Adidas and Riddell?
CEO/co-founder Joseph M. DeSimone and recent addition CMO Dara Treseder (most recently of GE Ventures) stopped by our offices to discuss what the latest round means for the Bay Area-based company.
Asked for a timeline around when Carbon might exit, DeSimon offered a non-committal answer. “As we grow our business, we haven’t made announcements for our IPO or anything like that yet,” he told TechCrunch. But the revenue business is growing nicely. So we’re in pretty good shape.”
It’s hard to say precisely what goals the company is hoping to attain before going public, but at the very least, Carbon presents a good indicator that the 3D printing industry is back on the uptick — in some circles, at least.
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Sophia Amoruso, Carbon’s Dr. Joseph DeSimone, and Adidas’ Eric Liedtke to crash Disrupt SF
Disrupt lands in San Francisco this September, and the agenda is shaping up to be absolutely amazing.
With new digs at Moscone West and expanded capacity, we expect Disrupt SF (September 5-7) to be the biggest and best conference TechCrunch has ever had. And, in large part, that’s credited to our incredible guests.
Today, we’re pleased to announce that GirlBoss Media CEO Sophia Amoruso, as well as Carbon CEO Dr. Joseph DeSimone and Adidas CMO Eric Liedtke, will be joining us on the Disrupt stage.
Sophia Amoruso
It’s been four years since GirlBoss Sophia Amoruso graced the Disrupt stage.
A lot has changed since then. Amoruso stepped down as CEO of Nasty Gal, which soon after filed for bankruptcy. She exposed her personal life, and faced harsh criticism, on a brief Netflix original series called GirlBoss.
But Amoruso is neither down nor out. The serial entrepreneur has started another venture by a familiar name. Amoruso described GirlBoss Media to investors as “Oprah for millennials and Supreme with boobs.”
Inspired by Amoruso’s memoir #GirlBoss, GirlBoss Media aims to motivate women to take action in their lives.
There’s something spectacular about falling off the horse and getting back up again, and we’re extremely excited to hear Amoruso tell her story in her own words on the Disrupt SF stage in September.
Bonus: We’re bringing in former TechCrunch co-editor Alexia Tsotsis to conduct the interview, four years after she interviewed Amoruso at Disrupt NY 2014. Tsotsis is now the founder of an SF-based seed-stage fund called Dream Machine.
Dr. Joseph DeSimone and Eric Liedtke
You might not equate sneakers with technological advancement, but Carbon and Adidas could quickly prove you wrong.
Carbon, the 3D printing startup that has raised more than $420 million, has fundamentally changed manufacturing by creating a proprietary CLIP tech that speeds up the process of additive manufacturing by leaps and bounds.
Looking for proof of concept? Look no further than Adidas, who has invested in Carbon to help manufacture its 3D-printed Futurecraft sneakers. Carbon’s 3D printers (in relatively small numbers) are able to build out particularly impressive mid-soles, which feature 20,000 struts, a feat that would be far more difficult and exhaustive to accomplish through traditional manufacturing.
That said, Carbon is scaling quickly, with the duet planning to print shoes in the ‘hundreds of thousands of pairs’ this year, jumping to the millions by 2019.
Carbon co-founder and CEO Dr. Joseph DeSimone (winner of the $500K Lemelson-MIT prize in 2008) and Adidas Executive Board Member (global brands) Eric Liedtke (named 2017 CMO of the year in Germany) will join us on stage to discuss a range of topics, from upending traditional manufacturing to the relationship between incumbents and disruptive startups.
Disrupt SF runs from September 5 to September 7 at Moscone West. Passes to attend are now available at Super Early Bird pricing.
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Adidas’ latest 3D-printed shoe puts mass production within sight
Adidas unveiled their latest 3D-printed shoe last night, the Futurecraft 4D. The shoe is a huge improvement on their last 3D-printed runners, which were more of a concept than an actual product. The new version is better suited for mass production – Adidas plans on selling 5,000 pairs this upcoming fall, which will scale up to more than 100,000 pairs by the end of 2018. While the… Read More
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Carbon moves into high-volume manufacturing with SpeedCell system, and bigger 3D printers
Additive manufacturing startup Carbon is on a mission to help manufacturers and designers cut their costs, waste less energy and materials while speeding up the time it takes to get from concept to product on the market. The company, which has raised $221 million in venture capital, is firing up a new service aimed at contract manufacturers, and other high volume manufacturing businesses,… Read More
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