3-D printing unicorn Carbon reaches $2.4B valuation after latest $260M fundraise, helped by its high-profile partnership with Adidas on running shoes
That partnership with Adidas is one reason investors are excited about six-year-old Carbon and its 3-D printing technology, called Digital Light Synthesis. The midsoles are made of elastomer and feature a lightweight, latticework design that is only possible with 3-D printing technology."We said to ourselves, 'If we can make Adidas successful and it is a high-volume consumer product, the world would be our oyster,'" DeSimone said.
All told, Carbon, which operates on a subscription model, has an installed base approaching 1,000 printers, DeSimone said. Its larger printers have an annual contract value of some $200,000, while the smaller ones have a contract value of $70,000, he said.With the new funding – which had been– Carbon plans to increase its research and development efforts and expand to Europe and Asia. One area of focus: The development of recyclable and compostable materials that could be 3-D printed.
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