Machina Labs announced that it has closed a Series B investment in the amount of $32 million. The round was co-led by new investor NVentures, NVIDIA’s venture capital arm, and existing investor Innovation Endeavors, with contributions from existing and other new investors. This latest funding brings the total raised by Machina Labs to $45 million.
The investment will be used to meet accelerating customer demand, to further intensify research initiatives, and to continue delivering innovative solutions that exceed customer expectations.
With Machina Labs, factories no longer need to be tied to specific products, but can now be configured via software to power on-demand manufacturing, and unlock innovation in manufacturing. Machina Labs combines the latest advances in AI and robotics to deliver finished metal products in days – not months or years – and gives customers unprecedented time to market and competitive advantage.
Machina Labs uses robots the way a blacksmith uses a hammer to creatively manufacture different designs and material, introducing unprecedented flexibility and agility to the manufacturing industry. With Machina, great ideas can quickly and affordably become reality and businesses can benefit from rapid iteration to bring more innovative products to market faster.
Robotic sheet forming is the first process enabled by Machina’s patented manufacturing platform. Using material- and geometry-agnostic technology, the platform outperforms traditional sheet forming methods that rely on custom molds or dies.
About Machina Labs
Founded in 2019 by aerospace and automotive industry veterans, Machina Labs is an advanced manufacturing company based in Los Angeles, CA. Enabled by advancements in artificial intelligence and robotics, Machina Labs is developing Software-Defined Factories of the Future. The mission of the company is to develop modular manufacturing solutions that can be reconfigured to manufacture new products simply by changing the software.
For more information, please visit https://www.machinalabs.ai/.
