Company:Bright Machines
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| Type | Privately held company |
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| Industry | Software, robotics, manufacturing |
| Founded | May 2018 Palo Alto, California, U.S. |
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| Headquarters | 2445 16th Street San Francisco, CA 94103 |
Key people |
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Number of employees | 200 (2024) |
| Website | brightmachines |
Bright Machines is a software and robotics company whose applications focus on automation for the manufacturing industry.[1] The San Francisco-based company has two primary products. First, Bright Machines employs “micro-factories“ made up of robot cells for the purpose of automating electronics manufacturing and inspection. Second, Bright Machines offers software tools for the purpose of improving efficiencies in the manufacturing process.[2]
History
Bright Machines was founded in May 2018 as a spin-off of Flex Ltd., initially operating under the stealth startup name AutoLabs AI. In October 2018, the company rebranded as Bright Machines and raised $179 million in a Series A funding round led by Eclipse Ventures.[3] In October 2022, the company announced a $100 million Series B funding round led by Eclipse Ventures, along with an additional $32 million in debt financing led by Silicon Valley Bank and Hercules Capital.[4] In June 2024, the company raised $126 million in Series C funding, with $106 million in equity led by investments from funds and accounts managed by BlackRock, with participation from NVIDIA, Microsoft, Eclipse, Jabil, and Shinhan Securities, and $20 million in venture debt from J.P. Morgan.[5] In September 2024, the company announced Chris Stori as the new CEO.[6]
References
- ↑ "Bright Machines wants to put AI-driven automation in every factory" (in en-US). 26 June 2019. https://techcrunch.com/2019/06/26/bright-machines-wants-to-put-ai-driven-automation-in-every-factory/.
- ↑ "Autodesk, Flex veterans raise $179 million for manufacturing startup". Reuters. October 23, 2018. https://www.reuters.com/article/us-bright-machines-manufacturing/autodesk-flex-veterans-raise-179-million-for-manufacturing-startup-idUSKCN1MX223. Retrieved October 23, 2018.
- ↑ "Bright Machines lands $179M to bring smarter robotics to manufacturing". Oath Tech Network. October 23, 2018. https://techcrunch.com/2018/10/23/bright-machines-lands-179m-to-bring-smarter-robotics-to-manufacturing/. Retrieved October 23, 2018.
- ↑ Heater, Brian (31 October 2022). "Manufacturing firm Bright Machines raises $132M after unfulfilled SPAC deal". TechCrunch. https://techcrunch.com/2022/10/31/manufacturing-firm-bright-machines-raises-132m-after-unfulfilled-spac-deal/.
- ↑ Cherney, Max. "AI-focused manufacturing startup raises $106 million, from Nvidia and others". https://www.reuters.com/technology/artificial-intelligence/ai-focused-manufacturing-startup-raises-106-million-nvidia-others-2024-06-25/.
- ↑ Albergotti, Reed. "Nvidia-backed robotic manufacturing startup taps new CEO with an eye to AI". https://www.semafor.com/article/09/26/2024/nvidia-microsoft-backed-robotic-manufacturing-startup-bright-machines-hires-new-ceo.
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