Learn the value of Carbon3D and how it’s gaining funding
There’s a new approach to 3D printing! Not only is this innovating idea creating a lot of buzz, it’s also gaining some cold, hard cash! Carbon3D Inc. has recently raised $100 million from Google Ventures and others. But even more impressive, the company has a valuation of about $1 billion. Pretty impressive, right?
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A source familiar with the project, who wishes to remain nameless, has released the information regarding the funding behind Carbon3D Inc. Yuri Milner, the co-founder of Mail.Ru Group Ltd., has also been stated as someone who has supported the new technology by offering funding.
Based out of Redwood City, California, Carbon3D uses CLIP—Continuous Liquid Interface Production—to differentiate from simple 2D printing. This new technology is known to grow parts instead of just printing them layer by layer. CLIP even allows businesses to produce commercial quality parts at game-changing speeds versus offering mechanically weak and limited material choices as done by 2D printing.
Carbon3D joins the growing list of devices that can create or print objects from a digital mock-up. Simply put, the company is promising to speed up the entire process for creating objects from a printer with its usage of ultraviolet light and oxygen.
Regarding the investment, a general partner at Google Ventures said, “Carbon3D’s printing technology is an order of magnitude faster than existing technologies.” He added, “Carbon3D’s technology has the potential to dramatically expand the 3-D printing market beyond where it stands today and reshape the manufacturing landscape.”
Interestingly enough, Carbon3D isn’t the only company that has gained $1 billion or more from investors. New technologies seem to be hot at the moment; those who have money are taking notice and getting involved, as they have done with Carbon3D.
Past investors for the company include Sequoia Capital, Silver Lake Kraftwerk and Northgate Capital.
Customers who have had the privilege of being granted early access to the technology are the Ford Motor Company and special effects companies in Hollywood. And both seem to largely agree that the product saves on time, money and stress.
The company is even hiring a range of professionals to join its team! Listed on their website, “Thinkers, Tinkerers, Programmers, Chemists and Engineers, now hiring.”
Do you think you have what it takes to join this growing force and be a part of innovating technology?
[SOURCE: Bloomberg Business]
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M&A activity key lever for future tech sector growth
Despite the continuing uncertainty of the pandemic, the tech sector has witnessed soaring dealmaking activity over the past year, rocketing in the second half of 2020, with the last quarter of 2020 a record one for M&A activity, and momentum continuing into 2021.
Dealmaking in tech sector soars in past year
And the latest figures bear this out with the number of technology M&A deals totalling US$208.44bn globally in Q1 2021, according to GlobalData. While the US holds top spot both in volume of deals (1034) and total value (US$140.61bn), Europe ranked next with 649 deals (US$44.49bn) with the UK continuing its reign as Europe’s biggest M&A market with 204 deals.
In particular, megadeals – those valued at US$5bn or more – soared in 2020 representing 59% of all global technology sector deal value in 2020, up from 47% in 2019, according to the latest edition of the EY Technology Global Capital Confidence Barometer.
This tech sector trend towards megadeals is backed up by EY’s CCB data, with 16% of tech sector respondents planning to pursue transformative deals valued at US$5bn or more in the near-term.
While technology deal activity “all but stopped at the beginning of 2020 after fluctuating between historic highs and lows, companies pivoted quickly and tech M&A exploded in the second half of the year”, says Barak Ravid, EY Global TMT Leader for Strategy and Transactions.
M&A activity level for tech sector growth
Looking ahead to the future, technology executives are optimistic, with nearly half (47%) expecting profitability to fully rebound this year, according to CCB data, compared to 23% across all sectors, and with more than half (51%) planning to pursue M&A in the next year in order to sustain growth.
According to Ravid, M&A activity is increasingly becoming a key lever for growth as businesses look to recover.
“To position themselves for future revenue growth, tech companies are now adjusting their M&A strategy to focus more on a target’s business resilience, digital technology alignment and to gain market share through consolidation,” says Ravid.
However, with an increasingly competitive deal market and ongoing geopolitical tensions, the majority of tech execs expect to see more competition in the bidding process for assets over the next year, primarily from private capital.