Bright Machines Raises 126m Series C Funding To Propel Manufacturing

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Currently, electronics manufacturing is outdated and manual with isolated, inefficient processes that drive up costs.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.” 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." In 2013, my role at Flextronics involved spending a copious amount of time on the factory floor. I was stunned by how many electronic products were built manually. Here we were building some of the most advanced products in the world — from iPhones to GPUs — all by hand. As products evolved with advanced technology, employees had to adapt quickly in order to build new, complex designs.

This laborious and taxing work equated to fewer people being up for the challenge, resulting in a struggle to fill these factory roles. The result? A perfect storm for an industry in desperate need for digital transformation. Then came a bold thought. What if we could automate our factories to produce physical goods, with limited human oversight? And so, in 2018 Bright Machines was born.

Today, Bright Machines announced our $126M Series C with $106M in equity led by investment from funds and accounts managed by BlackRock and participation from NVIDIA, Microsoft, Eclipse, Jabil and Shinhan Securities, and with... Morgan. This brings the company’s total amount raised to more than $400M. This investment, along with our network of partners, investors, and employees, will enable Bright Machines to further execute on our mission to revolutionize software-defined electronics manufacturing by bringing intelligence to the factory in order... Six years since the company’s inception, it is even more urgent to solve the issue of manufacturing automation. Electronics manufacturing is still outdated and manual, with isolated, inefficient processes that drive up costs.

In fact, manufacturing waste is $8T annually, including rework, downtime, mistakes, and experiments. The industry continues to face challenges – everything from skilled labor shortages to outdated infrastructure, fragmented supply chains, and inconsistent standards across the entire value chain. The rise of geopolitical tensions and security concerns only add fuel to the fire, as the U.S. cannot outsource manufacturing as effectively as it could 50 years ago. At the same time, with manufacturing and its supply chain still centralized overseas, the building and scaling process has dramatically slowed down for U.S.-based manufacturers. These issues, in tandem with the rapid progress of AI, have led to skyrocketing demand for compute power and new technology innovation.

Hyperscalers are racing to deliver more compute, data storage, and related network capabilities and the demand is still far outpacing the supply. The industry faces bottlenecks across dozens of fragmented vendors, resulting in a supply chain traffic jam. While there are many factors challenging the manufacturing industry, with the right investment and approach to ecosystem-wide, software-defined manufacturing processes, there are promising indicators that the industry can transform — and soon. Our funding news comes on the heels of a Microsoft partnership announced in May — an integration that allows Bright Machines to deliver accessible, efficient, and data-driven manufacturing processes for electronics manufacturer customers that... By partnering with technology leaders, like Microsoft and NVIDIA, Bright Machines will further our ability to deliver flexible, integrated, and intelligent manufacturing solutions to customers, starting with Design for Automation Assembly (DFAA), and continuing... With this investment, we’re empowering the industry to make the shift towards software-defined electronics manufacturing and take a digital approach from start to finish.

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... Home » Latest News » Bright Machines Drives Intelligent Manufacturing Innovation With $126M Series C Funding Bright Machines secures $126M in Series C funding to enhance its software-defined manufacturing solutions, aimed at optimizing AI hardware production through advanced automation and strategic partnerships with industry leaders like NVIDIA and Microsoft. The funding will support product innovations, expand the software stack, and strengthen ecosystem relationships, addressing inefficiencies and promoting sustainable manufacturing practices. This investment positions Bright Machines to lead the next phase of industrial transformation by integrating AI and robotics into the manufacturing process. Bright Machines, an industry pioneer in software-defined manufacturing, is transforming the landscape of electronics production.

The company focuses on leveraging advanced software and robotics to streamline manufacturing processes, making them more efficient and data-driven. The introduction of intelligent systems marks a significant shift from traditional, manual methods to more integrated and automated approaches. The recent Series C funding round, which brought in $126M, underscores the growing importance of these innovations. This substantial investment will propel Bright Machines further into the forefront of manufacturing technology, enabling it to continue addressing critical industry challenges. The $126M Series C funding round, led by BlackRock with contributions from NVIDIA, Microsoft, Eclipse, Jabil, Shinhan Securities, and J.P. Morgan, highlights the confidence major investors have in Bright Machines.

This funding elevates the company’s total raised capital to over $400M, providing the financial backbone necessary for significant technological advancements. Bright Machines, a software-defined manufacturing, announced it has raised $126 millionin Series C funding, with $106 million in equity led by investment from funds and accounts managed by BlackRock and participation from NVIDIA, Microsoft,... Morgan. This brings the company’s total amount raised to more than $400 million. The funding will be used to launch product innovations, expand its software stack for increased assembly flexibility, and grow more strategic relationships with ecosystem partners. Electronics manufacturing is currently outdated and manual, with inefficient processes driving up costs.

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