Robotic sheet forming is the first process enabled by Machina’s patented manufacturing platform. PHOTO courtesy Machina Labs.
Los Angeles, Calif-based Machina Labs, which combines AI and robotics to rapidly manufacture advanced composite and metal products, 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 used to meet accelerating customer demand, to further intensify research initiatives, and to continue delivering innovative solutions that exceed 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,” says Edward Mehr, CEO and co-founder of Machina Labs. “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. Machina Labs combines the advances in AI and robotics to deliver finished metal products in days, the company states in a release.
Robotic sheet forming is the first process enabled by Machina’s patented manufacturing platform. Using material- and geometry-agnostic technology, the platform outperforms traditional sheet forming methods that rely on custom molds or dies, the company claims.