Machina Labs – which combines AI and robotics to manufacture advanced composite and metal products rapidly – recently announced that it has closed a Series B investment for $32 million. The funding 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 round brings the total raised by Machina Labs to $45 million.
This funding round will be used to meet accelerating customer demand, to intensify research initiatives further, and to continue delivering innovative solutions that exceed customer expectations.
Through 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. And Machina Labs combines the latest advances in AI and robotics to deliver finished metal products in days rather than months or years – and gives customers unprecedented time to market and competitive advantage.
Machina Labs utilizes robots the way a blacksmith uses a hammer to creatively manufacture different designs and material, introducing unprecedented flexibility and agility to the manufacturing industry. And 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. And using material- and geometry-agnostic technology, the platform outperforms traditional sheet forming methods that depend on custom molds or dies.
KEY QUOTES:
“With their deep heritage in artificial intelligence and high-performance computing, we are looking forward to NVIDIA’s support as we further develop our AI and simulation capabilities. We are also thrilled to see our current partner Innovation Endeavors continue to support our vision. This Series B funding underscores the transformative potential of merging robotics and artificial intelligence. With this support, we are poised to develop the next generation of manufacturing floors; ones that can easily remake production with no hardware or tooling changes, but only requiring software modification.”
- Edward Mehr, CEO and co-founder of Machina Labs
“Over the past two years, Machina Labs has demonstrated the impact and scalability of combining robotics and AI in manufacturing. We are thrilled to double down on our investment in Machina on the back of demonstrated execution, technology gains, and commercial traction. We expect Machina to play an important role in a number of key industrial trends of the next decade: domestic re-industrialization, defense innovation, electrification, and commercial space.”
- Innovation Endeavors Partner Sam Smith-Eppsteiner
“AI is rapidly accelerating industries across the global economy, including manufacturing. Machina Labs’s work to apply advanced computing and robotics to sheet metal formation enables companies to operate manufacturing facilities with substantially improved efficiency and broadened capabilities.”
- Mohamed “Sid” Siddeek, Corporate Vice President and Head of NVentures
