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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen9/16/2016 11:05:58 AM
   of 1084
 
GE, BMW, and Nikon Just Poured Millions Into This Hot 3D-Printing Startup



Big manufacturers and auto companies see a promising future using 3D-printing technology.

Carbon, a 3D-printing startup, said Thursday that it received $81 million from a group of investors, including General Electric , BMW Group, Nikon, and Japanese manufacturing company JSR. The new cash is actually an extension of a previous $100 million funding round led by GV (formerly Google Ventures) in August 2015.

Joseph DeSimone, the startup’s CEO, said that although the new investors were interested in financing the company last summer, Carbon’s 3D printer wasn’t ready to debut to the public. Now that Carbon had released the printer in April, DeSimone felt it was time to take the additional cash and use it to expand the company overseas, particularly in Europe and Asia.

fortune.com

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