Arkema participates in Carbon® Growth Funding Round with US$ 20 million

Arkema participates in Carbon® Growth Funding Round with US$ 20 million

Investment to support the next generation of fully integrated digital manufacturing platforms

(PRESS RELEASE) PARIS, 27-Jun-2019 — /EuropaWire/ — Silicon Valley based Carbon^® and Arkema share a common vision for the industry and in a number of other aspects such as strategic partnerships, tailored solutions for customers as well as material sustainability. As a result of this synergy, Arkema has decided to take part in Carbon^® Growth Funding Round with US$ 20 million (~ EUR 17.6 million) to support the startup’s next generation of fully integrated digital manufacturing platforms with a deeper collaboration, cutting edge materials and innovative solutions. Arkema’s investment in Carbon is part of US$ 260 million growth funding round completed at US$ 2.4 billion valuation.

The new partnership will enable the two companies to dramatically grow the pipeline of production applications driving volume and revenues, through advanced materials technology. The strategic collaboration aims at delivering a new era of materials performance and supply chain model for Carbon’s manufacturing partners.

Many industries are shaped by the rapid advances in additive manufacturing (3D printing) that change the way products are designed and manufactured. Today, Arkema, through its Sartomer business line, and Carbon will work together to bring materials at the leading edge of innovation, disrupt the supply chain model, deliver new technologies taking the digital manufacturing to the mainstream.

Carbon and Sartomer have been working together since 2013, when Carbon was established, in driving innovation to scale process technology and resin manufacturing to enable parts made by Digital Light Synthesis™ technology to be increasingly reliable and cost-competitive. Their collaboration has seen holistic solutions already generated that have already been proved to change mass production across sports, dental and consumer goods markets.

Commenting on the Carbon funding, Thierry Le Hénaff, Chairman and CEO of Arkema, said:

“We are eager to continue and strengthen our joint efforts in delivering Carbon next generation products and full solutions to our partners & customers, disrupting the way parts are mass manufactured and accelerating new market opportunities.”

Dr. Joseph DeSimone, Carbon CEO and Co-Founder, commented as well:

“Since Carbon’s early days, Arkema has been an important partner to us. It’s rewarding to see all the amazing outcomes of our work together over the years bringing new, innovative materials to market.”

Carbon in brief

Carbon, based in Redwood City, CA, is on a quest to reinvent how polymer products are designed, engineered, manufactured, and delivered towards a digital and sustainable future. Manufacturers can use Carbon’s ground-breaking Digital Light Synthesis™ technology and broad family
of programmable liquid resins to unlock new business opportunities such as mass customization, on-demand inventory, and previously impossible product designs. The Carbon Platform allows customers to build uniquely differentiated products while reducing waste and time to market. To learn more, visit www.Carbon3d.com.

3D Printing Solutions by Arkema

Led by its flagship brands including N3xtDimension® liquid resins, Rilsan® biosourced polyamide 11, and ultra-high-performance Kepstan® PEKK polymer, 3D Printing Solutions by Arkema opens an unlimited array of possibilities for all major 3D manufacturing technologies.

MEDIA CONTACTS:

ARKEMA

Gilles Galinier
+33 1 49 00 70 07
gilles.galinier@arkema.com

Véronique Obrecht
+33 1 49 00 88 41
veronique.obrecht@arkema.com

CARBON

Iska Hain Saric
iska@carbon3d.com

SOURCE: Arkema