3D laser printer company Glowforge has secured a $22 million Series B funding round led by Foundry Group and True Ventures. Last year Glowforge received $27.9 million in pre-orders from a 30-day crowdfunding campaign. Both Foundry Group and True Ventures led a $9 million Series A round in May 2015. “I co-founded Glowforge after I had the fortune to play with industrial lasers and see how they could make truly beautiful and useful products in the blink of an eye. This company is built around the idea of simplifying that technology and making it more affordable, so anyone can take their dreams from idea to creation,” said Glowforge CEO Dan Shapiro. “Delivering Glowforge printers to beta customers and seeing their delight – and the beautiful things they create – is what makes our company tick. With this financing, we can deliver not just an amazing product to the people who’ve ordered it already, but we can scale up our American assembly line to make this available to schools, homes, and businesses around the world.”
Diablo Technologies, an enterprise startup based out of San Jose, California, has secured $37 million in funding from two phases of a Series C round. Genesis Capital and GII Tech Ventures joined the second phase of the round, together with existing backers Battery Ventures, BDC Capital, Celtic House Venture Partners, Hasso Plattner Ventures and ICV. “Diablo is privileged to be working with investors who are as committed as we are to leveraging the benefits of NAND-flash to enable dramatic improvements in big data analytics and in-memory computing,” said Mark Stibitz, Chief Executive Officer at Diablo Technologies. “This investment gives us even more capability to expand sales and customer application support, and strategically accelerate our DMX software roadmap.”
Singapore-based Carousell, the company behind a listings app for peer-to-peer selling in Southeast Asia, has closed a Series B round of funding worth $35 million. The company will use the funds to expand into new countries and increase product development, TechCrunch reports. Rakuten Ventures, an existing investor, led the round, with participation from Sequoia, Golden Gate Ventures and 500 Startups. Carousell previously raised a $6 million Series A round in 2014 and an $800,000 seed round in 2013.