A company that has been in existence only since 2013 has now managed to accumulate $222 million from investors all wanting a piece of what they have to offer. The company in question is called Carbon and is situated in the Silicon Valley. Its main business model is to create 3D printers that have the ability to make medical devices and car parts as and when needed.
Carbon has done really well in securing investments, with the latest $81 million being added to the pot last week. Kirk Phelps, vice president of product management said, “We wanted to go find investors that share the scope of our vision and realize what we are talking about here is industrial re-invention.” Some of the big names that have already invested into Carbon are the BMW group, General Electric Co., and Nikon Corp. to name just a few.
Only time will tell if Carbon’s technology can match or outdo the durability of injection molding which is currently most often used in producing plastic products. But, their first commercial 3D printer is already on sale and can be yours to use for an annual subscription of $40,000. There are various resins that can be used with the printer to allow diversity in what can be produced. Harder resins are used for products like exterior car parts whereas softer, biodegradable resins are used for printing medical devices such as heart stents. These printers are also capable of printing at speeds of more than 100 times faster than its competition.
More News To Read
- Scientists Turn Food Waste into Energy Storage Devices
- Out with Dow Solar Shingles and in with Elon Musk’s Solar Roofs
- Solar Power Set To Reach Record Levels in Next 15 Years
- Get Ready To Have Your Personal Desktop Waterjet Cutter
- Scientists Discover “Jumping Genes” Have The Ability to Develop Parts of the Brain
- Sony’s PS4 Is the Next Host for VR Porn?
