U.S. 3D printing firm Carbon secured $60M in new funding on Nov. 14, 2025, supported by its existing investors.
November 14, 2025 – Carbon, a US-based 3D printing equipment manufacturer, announced the completion of a new $60 million (approximately 425 million RMB) funding round. This round saw participation from existing investors including Sequoia Capital, Silver Lake, Adidas, Baillie Gifford, Madrone, and Northgate.
Carbon produces Digital Light Synthesis (DLS) 3D printers, materials, and software. While it sometimes sells its machines and technology directly, more often it acts as a manufacturing partner, helping companies achieve mass production of printed products.
Jim Goetz, a partner at Sequoia Capital, stated: "We have consistently believed in Carbon's mission from the start. With its leading printing technology, proprietary resin materials, design capabilities, and proven success across multiple industries, Carbon has the potential to lead and shape the next generation of digital manufacturing in the United States."
Jim Goetz, a partner at Sequoia Capital, stated: "We have consistently believed in Carbon's mission from the start. With its leading printing technology, proprietary resin materials, design capabilities, and proven success across multiple industries, Carbon has the potential to lead and shape the next generation of digital manufacturing in the United States."
3D Printing Reshapes High-Performance Sports Equipment Manufacturing
A Carbon representative revealed that the company has now established collaborations with several bicycle brands, including Fizik, Selle Italia, and Trek, to jointly develop cycling-related products. Some partner names remain undisclosed for competitive reasons. Carbon's collaborations with industry partners cover the development and production of bicycle saddles, grips, helmets, footwear, and riding pads. Notably, in 2019, the company announced that Specialized had become a user of Carbon's L1 3D printer.
Founded in 2013, Carbon entered a strategic partnership with sportswear brand Adidas in 2017, establishing specialized production facilities in Germany dedicated to 3D printing products like Adidas's Climacool series running shoes. Financially, Carbon indicated it is close to achieving its strategic goal of becoming "cash flow positive." The new funding will primarily be used to expand production capacity. This funding follows a $260 million round in 2019, bringing the company's total raised capital to over $680 million and valuing it at approximately $2.4 billion (around 17 billion RMB).
In sports equipment, Carbon's partnership network continues to expand. Beyond cycling, it has also established collaborations with professional sports brands like Riddell (American football equipment), Rawlings (baseball equipment), and CCM (ice hockey equipment) to develop innovative products for various sports.
Extending the Reach of Carbon DLS 3D Printing Technology
Beyond sports products, Carbon's business extends into the medical and industrial sectors. During the 2025 LMT Lab Day expo in Chicago, the company also launched an innovative 3D printing resin material named FP3D, specifically designed for flexible Removable Partial Dentures (RPDs).
Unlike traditional, singly-cured dental resins, FP3D utilizes a secondary heat-activated step to enhance part strength after printing. This method combines printing precision with long-term durability, offering dental professionals a resin that better meets the demands of daily use. As the company explained, testing feedback indicates that the new technology not only achieves high-precision printing but also ensures long-term, stable engineering-grade performance, meeting the stringent requirements of dental professionals for daily clinical applications and demonstrating Carbon's solid technical strength in medical applications.
