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Carbon Raises $260M More To Scale Its Light-Driven 3-D Printing Technologies

, a provider of high-tech 3D printing services, has closed on that has taken its post-money valuation to nearly $2.4 billion, Forbes yesterday.

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and UK-based led the round, which also included participation from , , Johnson & Johnson Innovation, adidas Ventures, and others.

Co-founded in 2013 by and , Carbon has now raised , according to its Crunchbase profile. Its last raise was a $200 million in December 2017 that valued the company at $1.7 billion, post-money.

In a , Carbon said it plans to use the new capital “to expand R&D efforts” with the establishment of its first Advanced Development Facility (ADF), and to fuel international growth and expansion in Europe and Asia. The new facility “will enable Carbon’s engineering teams to improve Carbon’s platform and workflows in scaled-up manufacturing environments to better support its customers and partners,” the company said.

The 400-person company also said it will use the funds to invest in its ongoing development of recyclable and biocompatible materials and to accelerate the expansion of its software capabilities.

Sequoia Capital Partner said in the release that Carbon “has cracked the code on 3D printing at scale,” pointing to the fact that it’s been able to bring products to market with companies such as adidas, Ford, and Lamborghini.

In fact, according to Forbes, Joseph DeSimone wore one of such products, “black Adidas Alphaedge 4D running shoes with light green midsoles ,” to a recent meeting with the publication.

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