3D Printing Startup Carbon Raises $81 Million in Series C Funding

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Carbon, a company that deals with 3D printing technologies, has announced that it has raised an additional $81 million in Series C funding. The three-year-old startup raised funding from Nikon, GE, JSR Corp and BMW Group, according to TechCrunch.

The company announced nearly a year prior that they raised $100 million in a funding round led by Google Ventures.

The highly funded company is expected to use the latest round of funding to manufacture and lease its current production technology. The company aims to begin selling its materials and develop materials that will be used by international customers. The company is located in Redwood City, California.

Reports from the company claim that using their 3D printer technology and machines will offer 25 to 100 times faster part production over the competition.

Liquid pool material is used in the company’s application, which is molded with light and oxygen to be able to create lattices while keeping parts structurally sound. The company’s technology is licensed and supplied to many companies that deal with prototype creation and part production.

The company’s latest reports show that it leases 50 machines.

Carbon aims to lease 100 machines by the end of 2016, with the company forecasting 500 leases by 2017. The company’s clients include automotive, electronic, medical and aerospace companies, among many others.

The latest round of funding pushes Carbon’s total funding so far to $220 million.

Carbon aims to expand the company into European and Asian markets. The company’s flagship printer, the M1, was released in April.  The release was welcomed by the industry and has increased demand for the company’s products.

The company stated to Fortune that the latest round of funding includes companies that will be able to help it sell its products through association. Nikon will help Carbon explore opportunities in Asia and Japan.

Printers are leased at a price of $40,000 per year with a three-year commitment.