Machina Labs, which combines AI and robotics to rapidly manufacture advanced composite and metal products, has announced that it has closed a Series B investment in the amount of $32 million.
The round was co-led by new investor NVentures, NVIDIA’s venture capital arm, and existing investor Innovation Endeavors, with contributions from existing and other new investors. This latest funding brings the total raised by Machina Labs to $45 million.
The investment will be utilized to address the increasing demand from customers, to further intensify research initiatives, and to continue delivering innovative solutions that go beyond customer expectations.
“With their deep heritage in artificial intelligence and high-performance computing, we are looking forward to NVIDIA’s support as we further develop our AI and simulation capabilities,” said Edward Mehr, CEO and co-founder of Machina Labs.
“We are also thrilled to see our current partner Innovation Endeavors continue to support our vision. This Series B funding underscores the transformative potential of merging robotics and artificial intelligence. With this support, we are poised to develop the next generation of manufacturing floors; ones that can easily remake production with no hardware or tooling changes, but only requiring software modification.”
With Machina Labs, factories no longer need to be tied to specific products, but can now be configured via software to power on-demand manufacturing, and unlock innovation in manufacturing. Leveraging state-of-the-art AI and robotics, Machina Labs can produce fully finished metal products in a matter of days and gives customers unprecedented time to market and competitive advantage.
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