3D printing technology firm Carbon 3D has raised a funding of $100 million in series C round led by Google Ventures. Other participating investors include Yuri Milner, Reinet Investments, and F.I.S., along with its existing investors Sequoia Capital, Silver Lake Kraftwerk, and Northgate Capital.
Debuted at TED2015 in March this year, the technology has the potential to revolutionize 3D printing in the manufacturing industry by speeding up the printing process by up to 100x. It uses light and oxygen to build 3D objects from a pool of resin. The printer can print everything from a remote control to the arm of a chair by utilizing a variety of materials that a typical 3D printer cannot, as reported by TechCrunch.
The company will start selling its industrial-scale printers to manufacturers later this year. The company has not yet revealed the price of the printer.
The company in collaboration is working with large manufacturers across automotive, aerospace, and consumer electronics industries, including Ford and special effects studio Legacy Effects.