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Founded by a chemistry professor, Carbon can "grow" parts out of a shallow pool of liquid resin using basic chemistry principles. In practice, the technology has been a bit of a disappointment. While 3D printing has caught on for specific tasks like rapid prototyping and small-batch production jobs, it has struggled to show its effectiveness as a broader manufacturing solution, says chemistry professor and entrepreneur Joseph DeSimone.
The last round of funding valued Carbon at $2.46 billion, according to the Redwood City, California, startup. In addition to winning marquee venture capital backers such as Sequoia Capital, Madrone and GV, Carbon has raised significant funding from outside Silicon Valley. Adidas Ventures, Johnson & Johnson Innovation, Nikon, Autodesk, and BMW are all investors in Carbon, underscoring the broad interest that corporations are taking in its technology.
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