A financial document filed with the Securities and Exchange Commission on Wednesday, showed that the company was only looking to raise $40 million in the round. According to the document, it had sold just over $32 million worth of shares. It’s unclear how 3D Robotics exceeded the $40 million it originally expected to raise.
In raising $50 million, 3D Robotics has obtained a total of more than $85 million in funding to date.
Now 3D Robotics has offices in three cities in addition to a factory in Tijuana. The company is expected to reach sales of $50 million this year according to the BBC.
Have an amazing project to share? Join the SHOW-AND-TELL every Wednesday night at 7:30pm ET on Google+ Hangouts.
Join us every Wednesday night at 8pm ET for Ask an Engineer!
Learn resistor values with Mho’s Resistance or get the best electronics calculator for engineers “Circuit Playground” – Adafruit’s Apps!
Maker Business — Undercover in an iPhone Factory (video)
Wearables — Go with silicone
Electronics — Shift away from basic arithmetic
Biohacking — Recording and Biohacking a 100 Mile Run
No comments yet.
Sorry, the comment form is closed at this time.