The new round values Carbon over $2.4 billion, almost double the valuation during its Series D funding round in February 2018.
companies as some of Carbon's biggest customers. Because the technology is more sophisticated than traditional vehicles, the casts and molds associated with the experimental sensors can cost over $1 million each and take months to arrive."Each one needs an injection molding tool and that slows everyone down, and each one has only limited designs you can make.
To date, Carbon has helped some of the biggest names in consumer retail develop and produce new products, like running shoes for athletic brand Adidas, often with a sustainability proposition at heart. Next up, DeSimone said, is working with consumer giant Johnson & Johnson to develop recyclable materials for packaged goods like household cleaners.
"We are doing what Siemens and SAP want to do in our factory already," DeSimone said."This is really setting the stage for a new economy with digital fabrication and 3D printing at scale."
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