Bright Machines Secures $126 Million in Series C Funding to Drive Innovation in Manufacturing
June 26, 2024, 3:31 pm
Location: United States, California, San Francisco
Employees: 501-1000
Founded date: 2018
Total raised: $437M
In a significant milestone for the San Francisco-based company Bright Machines, a total of $126 million has been raised in their latest Series C funding round. This substantial investment, led by BlackRock and supported by major players such as NVIDIA, Microsoft, Eclipse, Jabil, and Shinhan Securities, brings Bright Machines' total funding to over $400 million. Additionally, $20 million in venture debt from J.P. Morgan further solidifies the company's financial position.
The primary focus of this funding infusion is to propel Bright Machines towards launching groundbreaking product innovations, expanding their software stack to enhance assembly flexibility, and fostering strategic relationships with key ecosystem partners. Under the leadership of CEO Lior Susan, Bright Machines has established itself as a pioneering force in the realm of software and robotics, offering cutting-edge automation solutions for manufacturing processes.
At the core of Bright Machines' offerings is their expertise in building the AI backbone through flexible automated assembly. By harnessing the power of computer vision, machine learning, and software applications, the company is revolutionizing the way products are designed and manufactured. This innovative approach not only streamlines production processes but also opens up new possibilities for customization and efficiency in manufacturing.
With a global team of more than 200 employees, Bright Machines is well-positioned to drive forward the future of manufacturing. Their commitment to leveraging advanced technology to transform traditional manufacturing practices underscores their dedication to pushing boundaries and shaping the industry landscape. As Bright Machines continues to push the boundaries of what is possible in manufacturing, the impact of their work is poised to be felt far and wide.
The primary focus of this funding infusion is to propel Bright Machines towards launching groundbreaking product innovations, expanding their software stack to enhance assembly flexibility, and fostering strategic relationships with key ecosystem partners. Under the leadership of CEO Lior Susan, Bright Machines has established itself as a pioneering force in the realm of software and robotics, offering cutting-edge automation solutions for manufacturing processes.
At the core of Bright Machines' offerings is their expertise in building the AI backbone through flexible automated assembly. By harnessing the power of computer vision, machine learning, and software applications, the company is revolutionizing the way products are designed and manufactured. This innovative approach not only streamlines production processes but also opens up new possibilities for customization and efficiency in manufacturing.
With a global team of more than 200 employees, Bright Machines is well-positioned to drive forward the future of manufacturing. Their commitment to leveraging advanced technology to transform traditional manufacturing practices underscores their dedication to pushing boundaries and shaping the industry landscape. As Bright Machines continues to push the boundaries of what is possible in manufacturing, the impact of their work is poised to be felt far and wide.