Daedalus, which is building precision-manufacturing factories powered by AI, raises $21M

Feb 08, 2024•almost 2 years ago

Amount Raised

$21 Million

San FranciscoManufacturing

Investors

Y Combinator (Yc)AdditionKhosla VenturesNokia Funded Ngp Capital

Description

Daedalus, a startup based in Karlsruhe, raised $21 million in a Series A round of funding led by Nokia-funded NGP Capital, with participation from existing investors Khosla Ventures and Addition. The total funding for Daedalus is now over $40 million, with other notable investors including Y Combinator (YC) after participating in YC’s Winter 2020 program.

Company Information

Company

Daedalus

Location

San Francisco, California, United States

About

Daedalus is building the world’s most advanced factories for precision components. With $40M in funding from Khosla Ventures, Addition, NGP Capital and Y Combinator, and a team from OpenAI, Google, SpaceX and Blue Horizon, we’re building software-defined factories where we’re producing parts for companies in machinery, aerospace, semiconductor, energy and more. If you want to experience reliable, transparent and scalable production of high-precision parts, visit www.daedalus.de. If you want to help us build the factory of the future, head to our career page and apply today! https://www.daedalus.de/karriere

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Funding Insights

Based on industry data

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