Total amount raised
$48.3 Millions
Latest funding date
10/01/2023
Location
Machina Labs has successfully raised new funding through a Series B round, aimed at addressing increasing customer demands and boosting its research efforts. The company is backed by 11 investors, including Congruent Ventures and NVentures.
Keep reading to explore the intricacies of Machina Labs' fundraising journey and the investors backing this innovative platform.
What Is Machina Labs?
Machina Labs, founded in 2019 by Babak Raeisinia and Edward Mehr, is based in Chatsworth, California. The company specializes in automating metal forming and fabrication processes using AI and robotics. With a team of 51-100 employees, Machina Labs serves various industries, including aerospace, automotive, consumer, and defense.
How Much Funding Has Machina Labs Raised?
- Series B
- Amount Raised: $32M
- Date: October 2023
- Lead Investors: NVentures, Innovation Endeavors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To meet growing customer demand and intensify research initiatives, aiming to develop adaptable manufacturing floors through software modifications.
- Series A
- Amount Raised: $16.3M
- Date: November 2021
- Lead Investors: Innovation Endeavors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand business reach and support the development of innovative manufacturing solutions.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2023
- Lead Investors: Lockheed Martin Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development of advanced manufacturing technologies for defense applications.
- Series A
- Amount Raised: Not publicly disclosed
- Date: February 2023
- Lead Investors: Yamaha Motor Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid iteration and manufacturing of metallurgic products.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: February 2020
- Lead Investors: Embark Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial stages of their AI-driven manufacturing platform.
Total Amount Raised: $48.3M
Current Valuation: Not publicly disclosed
Key Investors
- Alumni Ventures
- Details: Alumni Ventures is a venture capital firm that invests in early-stage companies. They leverage a network of alumni from top universities to identify and support promising startups.
- Investment Focus Areas: Early-stage companies across various sectors.
- Notable Investments: Various early-stage companies across different sectors.
- Innovation Endeavors
- Details: Innovation Endeavors is a venture capital firm that focuses on transformative technologies. They aim to invest in companies that are creating new markets and solving significant problems.
- Investment Focus Areas: Transformative technologies, industrial trends, defense innovation, electrification, commercial space.
- Notable Investments: Uber, SoFi, Plenty.
- NVentures
- Details: NVentures is the venture capital arm of NVIDIA, a leading technology company known for its graphics processing units (GPUs) and AI technologies. They focus on investing in companies that leverage AI and high-performance computing.
- Investment Focus Areas: AI, high-performance computing, robotics.
- Notable Investments: Graphcore, Cerebras Systems, Machina Labs.
- Yamaha Motor Ventures
- Details: Yamaha Motor Ventures is the venture capital arm of Yamaha Motor Co., focusing on innovative technologies in mobility and robotics. They aim to support startups that align with Yamaha's strategic interests.
- Investment Focus Areas: Mobility, robotics, advanced manufacturing.
- Notable Investments: May Mobility, Robotics Plus, Machina Labs.
- Lockheed Martin Ventures
- Details: Lockheed Martin Ventures is the venture capital arm of Lockheed Martin, focusing on aerospace and defense technologies. They invest in companies that can enhance Lockheed Martin's capabilities and market position.
- Investment Focus Areas: Aerospace, defense technologies, advanced manufacturing.
- Notable Investments: Terran Orbital, ABL Space Systems, Machina Labs.
What's Next for Machina Labs?
Machina Labs stands at the cusp of a transformative era in manufacturing, driven by the increasing demand for AI and robotics integration. The company’s recent $32 million Series B funding will enable it to expand its business reach and intensify research initiatives, positioning it to revolutionize manufacturing floors with adaptable, software-driven processes. This opportunity is vast, as the shift towards on-demand manufacturing and the elimination of custom molds or dies can significantly reduce production times and costs.
Future fundraising opportunities appear promising, given the strong backing from high-profile investors like NVentures and Innovation Endeavors. As Machina Labs continues to innovate and scale its operations, additional funding rounds could further accelerate its growth and technological advancements. However, the company may face challenges such as keeping up with rapid technological advancements, scaling operations to meet increasing demand, and maintaining a competitive edge in a fast-evolving industry.
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