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.
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Have an amazing project to share? The Electronics Show and Tell is every Wednesday at 7pm ET! To join, head over to YouTube and check out the show’s live chat – we’ll post the link there.
