Machina Labs, a robotic stamping company, has successfully raised $32 million in a Series B funding round, bringing its total raised to $45 million. The funding round was led by NVIDIA NVentures with support from Innovation Endeavors. The funds will be used to promote research and development and expand its business.
Edward Meer, CEO of Machina Labs, expressed his excitement about NVIDIA’s support, stating, “With their deep heritage in artificial intelligence and high-performance computing, we look forward to NVIDIA’s support as we continue to develop our AI and simulation capabilities.” He also mentioned the continued support from Innovation Endeavors and highlighted the transformational potential of combining robotics and artificial intelligence.
The toolless factory concept, championed by companies such as Divergent Technologies, envisions a flexible manufacturing environment where a factory can seamlessly switch from producing one product to another. Machina Labs aims to further improve this idea by using artificial intelligence and digital offerings to make the manufacturing process more flexible and digitally integrated.
Sam Smith-Epsteiner, Partner at Innovation Endeavors, commented on Machina Labs’ demonstrated execution, technology benefits and commercial traction. He expects the company to play a critical role in local reindustrialisation, defense innovation, electrification and commercial space.
Corporate Vice President and Head of NVentures, Mohamed Siddique, highlighted the potential of Machina Labs’ robotic molding process to improve the efficiency and capabilities of manufacturing facilities. Machina Labs aims to serve a wide range of markets and applications, including competing with established industrial processes such as stamping.
The appeal of a complete, flexible digital manufacturing system with artificial intelligence integration is far-reaching. Companies exploring similar visions, such as Divergent Technologies, offer digital manufacturing systems that use robotics for tool-free production. This offer attracts investment even in financially difficult times.
In conclusion, Machina Labs’ successful funding round highlights the transformational potential of combining robotics and artificial intelligence in the manufacturing industry. The company’s focus on the toolless factory and digital integration is in line with current industry trends. With the support of NVIDIA and Innovation Endeavors, Machina Labs is well positioned to develop the next generation of manufacturing floors.
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2023-10-10 19:47:33
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