Bright Machines, a startup specializing in software and robotics, announced on Tuesday that it has secured $106 million in funding through a Series C round. Notably, investors in this round include Nvidia and Microsoft.
The company, headquartered in San Francisco, produces equipment and software that use artificial intelligence and machine learning to automate various manufacturing activities.
Additional participants in the Series C fundraising round comprised Eclipse Ventures, a venture capital firm, Jabil, a robotics manufacturer, and BlackRock. Bright Machines secured $20 million in debt financing from J.P. Morgan as well.
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Bright Machines tools have the potential to enhance the efficiency of the manufacturing process for assembled systems by substituting manual labor with robots and software. This substitution might possibly reduce the build time by several weeks or even months.
Bright Machines intends to allocate the majority of the funds it acquired into its technical endeavor, specifically focused on robotics, computer vision, and other automation challenges.
Lior Susan, CEO, Bright Machines, “The company’s goal is to eventually allow an engineer to design a product inside of the Bright Machines environment and “press a button” to have a robotic system thousands of miles away manufacture the object”
About Bright Machines
Founded in 2018 by Tzahi Rodrig, Lior Susan, and Amar Hanspal, Bright Machines is an industry-leading software and robotics company that provides a full-stack automation solution for manufacturing. Bright Machines’ flexible automated assembly specializes in building the AI backbone – AI hardware infrastructure.
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