Bright Machines Raises $132M In New Funding To Expand Intelligent Automation In Manufacturing
PRIVATEOct 31, 2022
Amount Raised
$132 Million
Round Type
Funding Round
San FranciscoManufacturingInformation TechnologySoftware
Description
Bright Machines, an innovator in software-defined manufacturing, announced today $132M in debt and Series B equity funding. The equity portion of the funding, worth $100M, was led by Eclipse Ventures. The debt portion of the funding, worth $32M, was led by Silicon Valley Bank (NASDAQ: SIVB) and Hercules Capital, Inc. (NYSE: HTGC)
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Company Information
Company
Bright Machines
Location
132 Hawthorne
San Francisco, California, United States
About
Bright Machines is an industry-leading software and robotics company that offers a full-stack automation solution for manufacturing. Bright Machines' flexible automated assembly specializes in building the AI backbone — AI hardware infrastructure. By leveraging computer vision, machine learning, and software applications, Bright Machines transforms the way products can be designed and manufactured.
With more than 160 employees worldwide, Bright Machines is headquartered in San Francisco, California. Bright Machines has been previously named "Best AI-based Solution for Manufacturing" by AI Breakthrough, "Technology Pioneer" by the World Economic Forum, and one of "America's Most Promising Artificial Intelligence Companies" by Forbes.
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San FranciscoManufacturingInformation TechnologySoftware