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Carbon valuation, funding and investors

Carbon works in 3D printing hardware manufacturing, based in Redwood City, United States. Founded in 2013, it has about 518 employees.

Industrial Machinery & Supplies Growth Equity
VALUATION · TODAY
$692M −16% after Growth
Range $435M – $1.06B · Grade B
TODAY
+12 MO
$1.00B
$2.00B
$3.00B
$4.00B
$5.00B
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Series A $11.0M
Growth $100M
Series C $81.0M
Series D $200M
Series E $260M
Growth $60.0M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY518 employees
−2%6m growth
−8%1y growth
−0%2y growth
250
500
750
Data from Jan 2021
TODAY
Predicted in 1 yr $584M −16% vs today
Predicted next raise $65.6M if a round comes
Winding-down probability 51%
Last round
Growth · $60.0M · Nov 2025
Valuation at last round
$667M · implied
Headcount
518 · flat
Grade
B
Founded
2013
How VCMC values companies →

Carbon valuation today

VCMC values Carbon at $692M today, with a range of $435M to $1.1B and a grade of B. The valuation starts from its last funding round, a growth round in Nov 2025.

Valuation by date (173 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Carbon: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2013$5.09M$1.85M – $14.0M$5.34M (+5%)before first round–unknownD0%
1 Feb 2013$5.11M$1.86M – $14.0M$5.36M (+5%)before first round–unknownD0%
1 Mar 2013$5.13M$1.87M – $14.1M$5.38M (+5%)before first round–unknownD0%
1 Apr 2013$5.15M$1.88M – $14.2M$5.40M (+5%)before first round–unknownD0%
1 May 2013$5.17M$1.88M – $14.2M$5.42M (+5%)before first round–unknownD0%
1 Jun 2013$5.19M$1.89M – $14.3M$5.44M (+5%)before first round–unknownD0%
1 Jul 2013$5.21M$1.90M – $14.3M$5.46M (+5%)before first round–unknownD0%
1 Aug 2013$5.23M$1.91M – $14.4M$5.48M (+5%)before first round–unknownD0%
1 Sep 2013$5.25M$1.91M – $14.4M$5.51M (+5%)before first round–unknownD0%
1 Oct 2013$5.27M$1.92M – $14.5M$5.53M (+5%)before first round–unknownD0%
1 Nov 2013$5.30M$1.93M – $14.5M$5.55M (+5%)before first round–unknownD0%
1 Dec 2013$61.1M$40.2M – $167M$110M (+80%)after a round–unknownC0%
2 Dec 2013$61.2M$40.2M – $167M$110M (+80%)after a round–unknownC0%
1 Jan 2014$64.2M$40.2M – $167M$110M (+71%)after a round–unknownC0%
1 Feb 2014$67.5M$40.2M – $167M$110M (+63%)after a round–unknownC0%
1 Mar 2014$70.6M$40.2M – $167M$110M (+56%)after a round–unknownC0%
1 Apr 2014$74.2M$40.2M – $167M$110M (+48%)after a round–unknownC0%
1 May 2014$77.9M$40.2M – $167M$110M (+41%)after a round–unknownC0%
1 Jun 2014$81.9M$40.2M – $167M$110M (+34%)after a round–unknownC0%
1 Jul 2014$86.0M$40.2M – $167M$110M (+28%)after a round–unknownC0%
1 Aug 2014$90.4M$40.2M – $167M$110M (+22%)after a round–unknownC0%
1 Sep 2014$95.0M$40.2M – $167M$110M (+16%)after a round–unknownC0%
1 Oct 2014$99.7M$40.2M – $167M$110M (+10%)after a round–unknownC0%
1 Nov 2014$105M$40.2M – $167M$110M (+5%)after a round–unknownC0%
1 Dec 2014$110M$40.2M – $167M$110M (0%)after a round–unknownC0%
1 Jan 2015$110M$38.2M – $167M$110M (0%)after a round–unknownC0%
1 Feb 2015$110M$36.3M – $167M$110M (0%)after a round–unknownC0%
1 Mar 2015$110M$34.6M – $167M$110M (0%)after a round–unknownC0%
1 Apr 2015$110M$32.9M – $167M$110M (0%)after a round–unknownC0%
1 May 2015$110M$31.3M – $167M$110M (0%)after a round–unknownC0%
1 Jun 2015$110M$29.8M – $167M$110M (0%)after a round–unknownC0%
1 Jul 2015$110M$28.4M – $167M$110M (0%)after a round–unknownC0%
1 Aug 2015$628M$443M – $980M$691M (+10%)after a round–unknownB0%
2 Aug 2015$628M$443M – $980M$691M (+10%)after a round–unknownB0%
1 Sep 2015$633M$443M – $980M$691M (+9%)after a round–unknownB0%
1 Oct 2015$638M$443M – $980M$691M (+8%)after a round–unknownB0%
1 Nov 2015$643M$443M – $980M$691M (+7%)after a round–unknownB0%
1 Dec 2015$648M$443M – $980M$691M (+7%)after a round–unknownB0%
1 Jan 2016$654M$443M – $980M$691M (+6%)after a round–unknownB0%
1 Feb 2016$659M$443M – $980M$691M (+5%)after a round–unknownB0%
1 Mar 2016$664M$443M – $980M$691M (+4%)after a round–unknownB0%
1 Apr 2016$669M$443M – $980M$691M (+3%)after a round–unknownB0%
1 May 2016$674M$443M – $980M$691M (+2%)after a round–unknownB0%
1 Jun 2016$680M$443M – $980M$691M (+2%)after a round–unknownB0%
1 Jul 2016$685M$443M – $980M$691M (+1%)after a round–unknownB0%
1 Aug 2016$691M$442M – $980M$691M (0%)after a round–unknownB0%
1 Sep 2016$1.0B$869M – $1.5B$1.3B (+30%)after a round–unknownA0%
2 Sep 2016$1.0B$869M – $1.5B$1.3B (+30%)after a round–unknownA0%
1 Oct 2016$1.0B$869M – $1.5B$1.3B (+27%)after a round–unknownA0%
1 Nov 2016$1.0B$869M – $1.5B$1.3B (+24%)after a round–unknownA0%
1 Dec 2016$1.1B$869M – $1.5B$1.3B (+22%)after a round–unknownA0%
1 Jan 2017$1.1B$869M – $1.5B$1.3B (+19%)after a round–unknownA0%
1 Feb 2017$1.1B$869M – $1.5B$1.3B (+16%)after a round–unknownA0%
1 Mar 2017$1.1B$869M – $1.5B$1.3B (+14%)after a round–unknownA0%
1 Apr 2017$1.2B$869M – $1.5B$1.3B (+12%)after a round–unknownA0%
1 May 2017$1.2B$869M – $1.5B$1.3B (+9%)after a round–unknownA0%
1 Jun 2017$1.2B$869M – $1.5B$1.3B (+7%)after a round–unknownA0%
1 Jul 2017$1.2B$869M – $1.5B$1.3B (+5%)after a round–unknownA0%
1 Aug 2017$1.3B$869M – $1.5B$1.3B (+2%)after a round–unknownA0%
1 Sep 2017$1.3B$869M – $1.5B$1.3B (0%)after a round–unknownA0%
1 Oct 2017$1.3B$832M – $1.5B$1.3B (0%)after a round–unknownA0%
1 Nov 2017$1.3B$794M – $1.5B$1.3B (0%)after a round–unknownB0%
1 Dec 2017$1.3B$759M – $1.5B$1.3B (0%)after a round–unknownB0%
21 Dec 2017$1.7B$1.5B – $2.5B$2.2B (+30%)after a round–unknownA0%
1 Jan 2018$1.7B$1.5B – $2.5B$2.2B (+29%)after a round–unknownA0%
1 Feb 2018$1.8B$1.5B – $2.5B$2.2B (+26%)after a round–unknownA0%
1 Mar 2018$1.8B$1.5B – $2.5B$2.2B (+24%)after a round–unknownA0%
1 Apr 2018$1.8B$1.5B – $2.5B$2.2B (+21%)after a round–unknownA0%
1 May 2018$1.9B$1.5B – $2.5B$2.2B (+18%)after a round–unknownA0%
1 Jun 2018$1.9B$1.5B – $2.5B$2.2B (+16%)after a round–unknownA0%
1 Jul 2018$2.0B$1.5B – $2.5B$2.2B (+13%)after a round–unknownA0%
1 Aug 2018$2.0B$1.5B – $2.5B$2.2B (+11%)after a round–unknownA0%
1 Sep 2018$2.0B$1.5B – $2.5B$2.2B (+8%)after a round–unknownA0%
1 Oct 2018$2.1B$1.5B – $2.5B$2.2B (+6%)after a round–unknownA0%
1 Nov 2018$2.1B$1.5B – $2.5B$2.2B (+4%)after a round–unknownA0%
1 Dec 2018$2.2B$1.5B – $2.5B$2.2B (+1%)after a round–unknownA0%
1 Jan 2019$2.2B$1.5B – $2.5B$2.2B (0%)after a round–unknownA0%
1 Feb 2019$2.2B$1.4B – $2.5B$2.2B (0%)after a round–unknownB0%
1 Mar 2019$2.2B$1.3B – $2.5B$2.2B (0%)after a round–unknownB0%
1 Apr 2019$2.2B$1.3B – $2.5B$2.2B (0%)after a round–unknownB0%
1 May 2019$2.2B$1.2B – $2.5B$2.2B (0%)after a round–unknownB0%
1 Jun 2019$2.2B$1.2B – $2.5B$2.2B (0%)after a round–unknownB0%
26 Jun 2019$2.4B$2.1B – $3.6B$3.1B (+30%)after a round–unknownA0%
1 Jul 2019$2.4B$2.1B – $3.6B$3.1B (+29%)after a round–unknownA0%
1 Aug 2019$2.5B$2.1B – $3.6B$3.1B (+27%)after a round–unknownA0%
1 Sep 2019$2.5B$2.1B – $3.6B$3.1B (+24%)after a round–unknownA0%
1 Oct 2019$2.6B$2.1B – $3.6B$3.1B (+21%)after a round–unknownA0%
1 Nov 2019$2.6B$2.1B – $3.6B$3.1B (+18%)after a round–unknownA0%
1 Dec 2019$2.7B$2.1B – $3.6B$3.1B (+16%)after a round–unknownA0%
1 Jan 2020$2.8B$2.1B – $3.6B$3.1B (+13%)after a round–unknownA0%
1 Feb 2020$2.8B$2.1B – $3.6B$3.1B (+11%)after a round–unknownA0%
1 Mar 2020$2.9B$2.1B – $3.6B$3.1B (+9%)after a round–unknownA0%
1 Apr 2020$2.9B$2.1B – $3.6B$3.1B (+6%)after a round–unknownA0%
1 May 2020$3.0B$2.1B – $3.6B$3.1B (+4%)after a round–unknownA0%
1 Jun 2020$3.1B$2.1B – $3.6B$3.1B (+2%)after a round–unknownA0%
1 Jul 2020$3.1B$2.1B – $3.6B$3.1B (0%)after a round–unknownA0%
1 Aug 2020$3.1B$2.0B – $3.6B$3.1B (0%)after a round–unknownA0%
1 Sep 2020$3.1B$1.9B – $3.6B$3.1B (0%)after a round–unknownB0%
1 Oct 2020$3.1B$1.8B – $3.6B$3.1B (0%)after a round–unknownB0%
1 Nov 2020$3.1B$1.7B – $3.6B$3.1B (0%)after a round–unknownB0%
1 Dec 2020$3.1B$1.6B – $3.6B$3.1B (0%)after a round–unknownB0%
1 Jan 2021$3.1B$1.6B – $3.6B$3.1B (0%)after a round440unknownB0%
1 Feb 2021$3.1B$1.5B – $3.6B$3.1B (0%)after a round440unknownB0%
1 Mar 2021$3.1B$1.4B – $3.6B$3.1B (0%)after a round440unknownB0%
1 Apr 2021$3.1B$1.4B – $3.6B$3.1B (0%)after a round440flatB0%
1 May 2021$3.1B$1.3B – $3.6B$3.1B (0%)after a round440flatB0%
1 Jun 2021$3.1B$1.3B – $3.6B$3.1B (0%)after a round440flatB0%
1 Jul 2021$3.1B$1.1B – $3.6B$3.1B (0%)after a round440flatB0%
1 Aug 2021$3.1B$1.1B – $3.6B$3.1B (-1%)after a round440flatC0%
1 Sep 2021$3.1B$1.0B – $3.6B$3.1B (-2%)after a round440flatC0%
1 Oct 2021$3.1B$974M – $3.6B$3.0B (-3%)after a round440flatC0%
1 Nov 2021$3.1B$926M – $3.6B$3.0B (-3%)after a round440flatC0%
1 Dec 2021$3.1B$881M – $3.6B$3.0B (-4%)after a round440flatC0%
1 Jan 2022$3.1B$837M – $3.6B$3.0B (-5%)after a round440flatC0%
1 Feb 2022$3.1B$796M – $3.6B$2.9B (-6%)after a round440flatC0%
1 Mar 2022$3.1B$760M – $3.6B$2.9B (-7%)after a round440flatC0%
1 Apr 2022$3.1B$722M – $3.6B$2.9B (-7%)after a round440flatC0%
1 May 2022$3.1B$688M – $3.6B$2.9B (-8%)after a round440flatC0%
1 Jun 2022$3.1B$653M – $3.6B$2.8B (-9%)after a round440flatC0%
1 Jul 2022$3.1B$622M – $3.6B$2.8B (-10%)after a round440flatC0%
1 Aug 2022$3.1B$591M – $3.6B$3.1B (0%)after a round440unknownC0%
1 Sep 2022$3.1B$562M – $3.6B$3.1B (0%)after a round440unknownC0%
1 Oct 2022$3.1B$535M – $3.6B$3.1B (0%)after a round440unknownC0%
1 Nov 2022$3.1B$508M – $3.6B$3.1B (0%)after a round440unknownC0%
1 Dec 2022$3.1B$484M – $3.6B$3.1B (0%)after a round440unknownD0%
1 Jan 2023$3.1B$460M – $3.6B$3.1B (0%)after a round560unknownD0%
1 Feb 2023$3.1B$437M – $3.6B$3.1B (0%)after a round560unknownD0%
1 Mar 2023$3.1B$417M – $3.6B$3.1B (0%)after a round560unknownD0%
1 Apr 2023$3.1B$397M – $3.6B$3.1B (0%)after a round560unknownD0%
1 May 2023$3.1B$378M – $3.6B$3.1B (0%)after a round560unknownD0%
1 Jun 2023$3.1B$359M – $3.6B$3.1B (0%)after a round560unknownD0%
1 Jul 2023$3.1B$342M – $3.6B$3.1B (0%)after a round560unknownD0%
1 Aug 2023$3.1B$325M – $3.6B$3.1B (0%)after a round560unknownD0%
1 Sep 2023$3.1B$308M – $3.6B$3.1B (0%)after a round560unknownD0%
1 Oct 2023$2.1B$294M – $3.2B$1.9B (-12%)after a round540flatD18%
1 Nov 2023$2.1B$279M – $3.2B$1.9B (-11%)after a round540flatD18%
1 Dec 2023$2.1B$266M – $3.2B$1.8B (-11%)after a round540flatD18%
1 Jan 2024$2.0B$252M – $3.2B$1.8B (-10%)after a round540flatD18%
1 Feb 2024$1.5B$240M – $3.2B$1.4B (-9%)after a round520flatD35%
1 Mar 2024$1.3B$229M – $3.3B$1.2B (-8%)after a round510flatD44%
1 Apr 2024$1.3B$217M – $3.2B$1.2B (-6%)after a round510flatD44%
1 May 2024$1.3B$209M – $3.2B$1.2B (-4%)after a round510flatD44%
1 Jun 2024$1.3B$209M – $3.2B$1.2B (-4%)after a round510flatD44%
1 Jul 2024$1.3B$209M – $3.2B$1.1B (-12%)after a round510flatD44%
1 Aug 2024$1.3B$209M – $3.2B$1.2B (-11%)after a round520flatD40%
1 Sep 2024$1.4B$209M – $3.1B$1.3B (-10%)after a round520flatD37%
1 Oct 2024$1.5B$209M – $3.1B$1.3B (-9%)after a round520flatD34%
1 Nov 2024$1.5B$209M – $3.1B$1.4B (-8%)after a round530flatD31%
1 Dec 2024$1.6B$209M – $3.0B$1.5B (-7%)after a round530flatD29%
1 Jan 2025$1.6B$209M – $3.0B$1.5B (-6%)after a round530flatD27%
1 Feb 2025$1.7B$209M – $2.9B$1.6B (-5%)after a round530flatD24%
1 Mar 2025$1.7B$209M – $2.9B$1.6B (-5%)after a round530flatD22%
1 Apr 2025$1.7B$209M – $2.9B$1.7B (-4%)after a round530flatD21%
1 May 2025$1.8B$209M – $2.9B$1.7B (-4%)after a round530flatD19%
1 Jun 2025$1.8B$209M – $2.9B$1.8B (-4%)after a round530flatD18%
1 Jul 2025$1.9B$209M – $2.8B$1.8B (-5%)after a round571flatD16%
1 Aug 2025$2.0B$209M – $2.8B$1.9B (-5%)after a round566flatD15%
1 Sep 2025$2.0B$275M – $2.8B$1.9B (-5%)after a round566upD14%
1 Oct 2025$2.0B$209M – $2.8B$1.9B (-3%)after a round566flatD13%
1 Nov 2025$2.0B$209M – $2.7B$2.0B (0%)after a round534flatD12%
14 Nov 2025$667M$438M – $1.1B$733M (+10%)after a round534flatB0%
1 Dec 2025$670M$438M – $1.1B$733M (+9%)after a round534flatB0%
1 Jan 2026$675M$438M – $1.1B$733M (+9%)after a round534flatB0%
1 Feb 2026$681M$438M – $1.1B$733M (+8%)after a round534flatB0%
1 Mar 2026$684M$437M – $1.1B$723M (+6%)after a round527flatB5%
1 Apr 2026$689M$437M – $1.1B$722M (+5%)after a round527flatB5%
1 May 2026$688M$435M – $1.1B$692M (+1%)after a round519flatB20%
1 Jun 2026$682M$435M – $1.1B$634M (-7%)after a round519flatB48%
1 Jul 2026$684M$435M – $1.1B$625M (-9%)after a round519flatB48%
1 Aug 2026$687M$435M – $1.1B$616M (-10%)after a round519flatB48%
1 Sep 2026$690M$435M – $1.1B$608M (-12%)after a round519flatB48%
1 Oct 2026$690M$435M – $1.1B$591M (-14%)after a round518flatB51%
24 Oct 2026$692M$435M – $1.1B$584M (-16%)after a round518flatB51%

Key facts about Carbon

Founded
2013
Headquarters
Redwood City, United States
Employees
about 518 -8% in a year
Total raised
$712M
Funding rounds
6
Last round
Growth Equity Nov 2025

Carbon was founded in 2013 by Alex Ermoshkin, Edward Samulski, Joseph DeSimone, Nikita Ermoshkin, Philip DeSimone and Steve Nelson.

Carbon funding history

Carbon has 6 funding rounds on record, from Dec 2013 to Nov 2025, $712M in total. The latest disclosed valuation is $2.40B post-money (Series E, Jun 2019).

  1. Growth Equity 13 Nov 2025

    Led by Sequoia Capital; with Silver Lake, adidas, Baillie Gifford, Madrone, Northgate.

    Sources: carbon3d.com, voxelmatters.com, tctmagazine.com

    $60M

  2. Series E 25 Jun 2019

    Led by Madrone Capital Partners, Baillie Gifford; with Temasek, Arkema, Sequoia Capital, Johnson & Johnson Innovation – JJDC, Inc. (JJDC), Fidelity Management & Research Company, adidas Ventures, JSR Corporation.

    Sources: carbon3d.com, venturebeat.com, digitalengineering247.com and 2 more

    $260M

    $2.40B post-money

  3. Series D 20 Dec 2017

    With Sequoia Capital, Fidelity Management & Research Company, GE Ventures, Adidas, Hydra Ventures, Silver Lake, Reinet Investments, Baillie Gifford, ARCHINA Capital, JSR Corporation, Emerson Collective, Fidelity, Johnson & Johnson Innovation – JJDC, Inc..

    Sources: nanalyze.com, techcrunch.com, 3dprintingindustry.com and 4 more

    $200M

    $1.70B post-money

  4. Series C 1 Sep 2016

    Led by BMW i Ventures, GE Ventures; with GV, Sequoia Capital, Nikon, JSR, Menlo Ventures. Individuals: mike vernal, mitsunobu koshiba.

    Sources: techcrunch.com, biospace.com

    $81M

    $1.00B post-money

  5. Growth Equity 1 Aug 2015

    Led by GV; with Silver Lake, Sequoia Capital, Reinet Investments, Northgate, Fidelity Information Services, Eshelman Ventures.

    Sources: carbon3d.com

    $100M

  6. Series A 1 Dec 2013

    With Foundation Capital, Menlo Ventures, Sequoia Capital, UP Partners.

    $11M

Carbon investors

29 investors have backed Carbon; Sequoia Capital, Baillie Gifford and GE Ventures and 3 more led at least one round.

What Carbon does

Carbon works in industrial machinery & supplies, with 15 recorded offerings and customers in automotive, industrial, healthcare and consumer goods.

Carbon, Inc. is an American company engaged in 3D printing technology and additive manufacturing solutions. The company develops and manufactures 3D printers, provides proprietary 3D printing processes, and offers software and hardware for design, engineering, and production. Carbon also supplies materials such as rigid and elastomeric polymers, dental resins, and dual-cure engineering resins, and operates a global production network in collaboration with industry design firms and contract manufacturers. Its offerings support rapid prototyping, low-volume production, and large-scale manufacturing for sectors including automotive, industrial, medical technology, consumer goods, and dental.

Description from Veridion's company data.

Products and services

  • 3D Printing Hardware Manufacturing
  • 3D Printing Software Development
  • 3D Printing Materials Production
  • Additive Manufacturing Solutions
  • Rapid Prototyping Services
  • Low-Volume Production Services
  • Production-At-Scale Manufacturing Services
  • Post-Processing Solutions Development
  • Design and Engineering Software Development
  • Production Software Development
  • Automated Print Preparation Solutions
  • Automated Print Polishing Solutions
  • Industry-Specific Manufacturing Solutions
  • Global Manufacturing Network Services
  • Sustainable Manufacturing Solutions

Markets

  • Automotive
  • Industrial
  • Healthcare
  • Consumer Goods
  • Dental

Technology

  • Continuous Liquid Interface Production
  • Digital Light Synthesis
  • Dual-Cure Engineering Resins
  • Elastomeric Polymers

Business model

  • Business-to-Business
  • Manufacturing
  • Enterprise

Industry codes (NAICS)

  • 333248 All Other Industrial Machinery Manufacturing 40% match
  • 325211 Plastics Material and Resin Manufacturing 25% match
  • 513210 Software Publishers 20% match
  • 423690 Other Electronic Parts and Equipment Merchant Wholesalers 15% match

Questions about Carbon

What is Carbon worth?

Valuation $692M (range $435M to $1.1B), as of 24 Oct 2026. The last disclosed valuation was $2.40B (Series E, Jun 2019).

Has Carbon raised money?

Carbon has 6 funding rounds on record, from Dec 2013 to Nov 2025, $712M in total. The latest disclosed valuation is $2.40B post-money (Series E, Jun 2019).

Who has invested in Carbon?

Sequoia Capital, Baillie Gifford, GE Ventures, GV, BMW i Ventures and Madrone Capital Partners, and 23 more. Lead investors include Sequoia Capital, Baillie Gifford, GE Ventures and GV.

How many people work at Carbon?

About 518, down 8% over the last year. Headcount grew from 440 in Jan 2021 to 518 in Sep 2026.

What does Carbon do?

Carbon works in industrial machinery & supplies, with 15 recorded offerings and customers in automotive, industrial, healthcare and consumer goods. Its main offerings are 3D printing hardware manufacturing, 3D printing software development and 3D printing materials production.

When was Carbon founded, and where is it based?

Carbon was founded in 2013 and is based in Redwood City, United States. It has about 518 employees, down 8% over the last year.