Bright Machines Eclipse

Bright Machines has announced its $126M Series C from Eclipse, BlackRock, Microsoft, NVIDIA, Jabil, Shinhan Securities, and includes $20M in venture debt from J.P. Morgan to continue to execute on its mission to give machines human-like adaptability in electronics assembly. Despite all of today's technological innovations, the manufacturing industry still heavily relies on human labor, with robots making up only 1.41% of the global workforce. I’ve long believed that in my lifetime we'll see robots and humans working side by side, achieving a balance of 50-50 or even 70-30. This vision took root over 10 years ago in 2013 during my time at Flex. In the company’s factory located in Zhuhai, China, I saw over tens of thousands of workers performing repetitive tasks.

Skeptics said it would take decades for robots to augment these jobs, but I believed that the $481B electronics manufacturing industry was ripe for transformation. Fast forward to 2018: I co-founded and built Bright Machines with the mission to give machines human-like adaptability in electronics assembly. The Eclipse team poured everything we had into this vision. Bright Machines became the first pre-seed company in Eclipse's Venture Equity program, fully committed to revolutionizing manufacturing. Since then, Bright Machines has become a leader in software-defined manufacturing, deploying full stack robotics in mass electronics production for top Fortune 10 companies. Today, Bright Machines announced its $126M Series C with equity investments from BlackRock, Microsoft, NVIDIA, Eclipse, Jabil, and Shinhan Securities, and $20M in venture debt from J.P.

Morgan, to continue to execute on their mission.This comes after a recent partnership with Microsoft to deliver a full stack environment for all stages of the manufacturing life cycle, from product design to assembly... Until Bright Machines, the quality of essential electronics like smartphones and GPUs hinged on the availability of human craftsmanship, a resource now scarce due to rising wages and a growing middle class. This labor shortage — coupled with geopolitical tensions — complicated outsourcing, and created the perfect storm for change. Meanwhile, electronic products have grown increasingly complex. In AI hardware production, for instance, the pace of progress is so fast that by the time you set up an assembly line, there's already a new design. As a result, we’re seeing an unrelenting need for automation and digital skills to scale AI infrastructure, or what Bright Machines calls the “AI backbone,” across compute and data storage.

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, the new round will help Bright Machines meet skyrocketing demand as pressure builds to support AI hardware production SAN FRANCISCO — June 25, 2024 — Bright Machines, an innovator in intelligent, software-defined manufacturing, announced today it has raised $126M in Series C funding, with $106M in equity led by investment from funds... Morgan. This brings the company’s total amount raised to more than $400M. The capital will be used to launch product innovations, expand its software stack for increased assembly flexibility, and grow strategic relationships with ecosystem partners.

Currently, electronics manufacturing is outdated and manual with isolated, inefficient processes that drive up costs. With the proliferation of AI driving up demand for compute power and subsequently, AI hardware, the industry faces a bottleneck across dozens of fragmented vendors that causes a supply chain traffic jam. Bright Machines was founded in 2018 by industry veterans who saw a unique opportunity to solve this problem and bring an unprecedented, data-focused approach to electronics manufacturing. Bright Machines’ full stack solution provides centralized data visibility, traceability, performance benchmarking, and flexible automation. In Bright Machines’ digital ecosystem, valuable data is constantly generated and communicated to a central hub, thus creating a powerful engine for continual optimization. Leveraging this robust data network, Bright Machines’ Design for Automated Assembly (DFAA) tool provides virtual design recommendations to shorten products’ time to market.

The company’s robotics utilize machine learning algorithms to help ensure quality control and traceability during assembly inspection. And once products reach their end of life, Bright Machines’ flexible disassembly capabilities help harvest and recycle components – achieving full circular manufacturing. By uniting this data network with agile robotics, modeling and simulation, Bright Machines provides a robust, modern factory that far exceeds what traditional factories can achieve. “Adopting ecosystem-wide, software-defined manufacturing processes will ease the mounting burden from the industry’s biggest challenges, including a lack of skilled workforce; aging, rigid systems; disparate and fragmented supply chains; and an overall lack of... “By collaborating with technology leaders such as NVIDIA and Microsoft, Bright Machines can deliver flexible, integrated, and intelligent manufacturing solutions to our customers, starting with Design for Automated Assembly (DFAA) and continuing – with... As optimized manufacturing systems are faster, more resilient, and more efficient than their manual counterparts, our customers are more competitive in terms of cost, their products’ time-to-market, and customer delight.

And in a world where we can now use AI and software to teach robotics systems how to build electronics, the opportunity to redefine how we will design and build electronics is unlimited.” Bright Machines was founded with the goal to transform manufacturing. With lead investor Eclipse Capital, we closed our Series A round to build our vision of deploying software-driven robotics. We deployed our first automated assembly line with modular BRCs (Bright Robotic Cells) to the factory floor. We developed and integrated our Brightware Platform operating system to power the flexible automation behind our Microfactories. With lead investor Eclipse Capital, we secured our Series B round to scale the growth of our customer base across key industries.

Bright Machines was founded in 2018 by industry veterans who saw a unique opportunity to pioneer an innovative approach to intelligent, software-defined automation. It has a growing roster of enterprise OEM and contract manufacturing customers in high-growth end markets, including computing and communications, automotive, sensing and controls, and diversified industrials. With more than 350 employees worldwide, Bright Machines operates R&D centers in the U.S. and Israel, with additional delivery and sales operations in Mexico, Poland, and China. The Company’s flagship product, the Bright Machines® Microfactory, is a pre-integrated, programmable assembly line that can be easily deployed into both existing and greenfield production facilities. Running on the Company’s proprietary Brightware® software platform, it is a scalable, future-proofed solution that allows manufacturers to create a more resilient supply chain and relocate or rebalance capacity in tandem with market demand.

Bright Machines’ platform approach, coupled with their full-stack microfactory solution, is enabling the world’s largest manufacturers to fundamentally change the flexibility, scalability, and economics of production. With intelligent automation, they can build closer to where they sell and ultimately, transform the way their products are made. Bright Machines, which automates electronics manufacturing with flexible software-defined automation, reduces per unit carbon intensity by ~7% and has the potential to reduce more than 1.4 MMtCO2e annually by 2040. 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, the new round will help Bright Machines meet skyrocketing demand as pressure builds to support AI hardware production SAN FRANCISCO, June 25, 2024 /PRNewswire/ -- Bright Machines, an innovator in intelligent, software-defined manufacturing, announced today it has raised $126M in Series C funding, with $106M in equity led by investment from funds...

Morgan. This brings the company's total amount raised to more than $400M. The capital will be used to launch product innovations, expand its software stack for increased assembly flexibility, and grow strategic relationships with ecosystem partners. Currently, electronics manufacturing is outdated and manual with isolated, inefficient processes that drive up costs. With the proliferation of AI driving up demand for compute power and subsequently, AI hardware, the industry faces a bottleneck across dozens of fragmented vendors that causes a supply chain traffic jam. Bright Machines was founded in 2018 by industry veterans who saw a unique opportunity to solve this problem and bring an unprecedented, data-focused approach to electronics manufacturing.

Bright Machines' full stack solution provides centralized data visibility, traceability, performance benchmarking, and flexible automation. In Bright Machines' digital ecosystem, valuable data is constantly generated and communicated to a central hub, thus creating a powerful engine for continual optimization. Leveraging this robust data network, Bright Machines' Design for Automated Assembly (DFAA) tool provides virtual design recommendations to shorten products' time to market. The company's robotics utilize machine learning algorithms to help ensure quality control and traceability during assembly inspection. And once products reach their end of life, Bright Machines' flexible disassembly capabilities help harvest and recycle components – achieving full circular manufacturing. By uniting this data network with agile robotics, modeling and simulation, Bright Machines provides a robust, modern factory that far exceeds what traditional factories can achieve.

"Adopting ecosystem-wide, software-defined manufacturing processes will ease the mounting burden from the industry's biggest challenges, including a lack of skilled workforce; aging, rigid systems; disparate and fragmented supply chains; and an overall lack of... "By collaborating with technology leaders such as NVIDIA and Microsoft, Bright Machines can deliver flexible, integrated, and intelligent manufacturing solutions to our customers, starting with Design for Automated Assembly (DFAA) and continuing – with... As optimized manufacturing systems are faster, more resilient, and more efficient than their manual counterparts, our customers are more competitive in terms of cost, their products' time-to-market, and customer delight. And in a world where we can now use AI and software to teach robotics systems how to build electronics, the opportunity to redefine how we will design and build electronics is unlimited." SAN FRANCISCO — Bright Machines, an innovator in intelligent, software-defined manufacturing and robotics, has raised $126 million in Series C funding, with $106 million in equity led by investment from funds and accounts managed... Morgan.

This brings the company’s total amount raised to more than $400 million. The capital will be used to launch product innovations, expand its software stack for increased assembly flexibility, and grow strategic relationships with ecosystem partners. Currently, electronics manufacturing is outdated and manual with isolated, inefficient processes that drive up costs. With the proliferation of AI driving up demand for compute power and subsequently, AI hardware, the industry faces a bottleneck across dozens of fragmented vendors that causes a supply chain traffic jam. Bright Machines was founded in 2018 by industry veterans who saw a unique opportunity to solve this problem and bring an unprecedented, data-focused approach to electronics manufacturing. Bright Machines’ full stack solution provides centralized data visibility, traceability, performance benchmarking, and flexible automation.

In Bright Machines’ digital ecosystem, valuable data is constantly generated and communicated to a central hub, thus creating a powerful engine for continual optimization. Leveraging this robust data network, Bright Machines’ Design for Automated Assembly (DFAA) tool provides virtual design recommendations to shorten products’ time to market. The company’s robotics utilize machine learning algorithms to help ensure quality control and traceability during assembly inspection. And once products reach their end of life, Bright Machines’ flexible disassembly capabilities help harvest and recycle components – achieving full circular manufacturing. By uniting this data network with agile robotics, modeling and simulation, Bright Machines provides a robust, modern factory that far exceeds what traditional factories can achieve. “Adopting ecosystem-wide, software-defined manufacturing processes will ease the mounting burden from the industry’s biggest challenges, including a lack of skilled workforce; aging, rigid systems; disparate and fragmented supply chains; and an overall lack of...

“By collaborating with technology leaders such as NVIDIA and Microsoft, Bright Machines can deliver flexible, integrated, and intelligent manufacturing solutions to our customers, starting with Design for Automated Assembly (DFAA) and continuing – with... As optimized manufacturing systems are faster, more resilient, and more efficient than their manual counterparts, our customers are more competitive in terms of cost, their products’ time-to-market, and customer delight. And in a world where we can now use AI and software to teach robotics systems how to build electronics, the opportunity to redefine how we will design and build electronics is unlimited.” “Physical AI is powering the next wave of digitalization applications. Bright Machines, powered by NVIDIA Omniverse core technologies, will help accelerate a new era of AI-enabled industrial digital twins — from design to operation and optimization,” said Rev Lebaredian, VP of Omniverse and Simulation... Bright Machines has raised a total funding of $279M over 6 rounds.

Its first funding round was on Oct 23, 2018. Its latest funding round was a Venture Debt round on Jun 25, 2024 for $20M. 1 investor participated in its latest round, which include Hercules Capital, BlackRock, J P Morgan and EDBI. Bright Machines has 16 institutional investors including Eclipse, Microsoft and Nvidia. Bright Machines Raises $132M in New Funding to Expand Intelligent Automation in Manufacturing Latest funding round will drive adoption of industry-transforming technology to significantly improve the flexibility, resiliency, and sustainability of manufacturing

SAN FRANCISCO--(BUSINESS WIRE)--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). Bright Machines intends to use the funds to accelerate the company’s growth, which includes continued expansion into high-demand industry verticals, and the development of new software and service offerings to complement its existing portfolio... This round of funding brings the total raised by Bright Machines to $330M since the company’s founding in 2018.

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