logo
logo

Bright Machines raised $126M in Series C funding led by investment from funds and accounts managed by BlackRock with participation from NVIDIA, Microsoft, Eclipse, Jabil, and Shinhan Securities and venture debt from J.P. Morgan.

Jun 25, 2024•about 1 year ago

Amount Raised

$126

Round Type

series c

San FranciscoSoftwareManufacturing

Investors

J.P. MorganShinhan SecuritiesJabilEclipseMicrosoftNvidiaBlack Rock

Description

Bright Machines, an innovator in intelligent, software-defined manufacturing, has raised $126M in Series C funding. The new round, with $106M in equity and $20M in venture debt, will be used to launch product innovations, expand its software stack for increased assembly flexibility, and grow strategic relationships with ecosystem partners.

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.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Related People