In a significant move towards transforming the landscape of manufacturing, Machina Labs, a pioneering company amalgamating AI and robotics for the production of advanced composite and metal products, announced the successful closure of a Series B investment round, amassing a substantial $32 million. The funding was co-led by NVentures, NVIDIA’s venture capital arm, and Innovation Endeavors, an existing investor. This latest funding brings Machina Labs’ total funding to an impressive $45 million.
The infusion of capital is earmarked to cater to the rapidly escalating customer demand, intensify research initiatives, and fuel the ongoing development of innovative solutions that surpass customer expectations.
Edward Mehr, CEO, and co-founder of Machina Labs expressed enthusiasm about the partnership with NVentures, stating, “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.” Mehr continued, “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.”
Machina Labs’ groundbreaking approach liberates factories from the constraints of specific products, allowing them to be configured via software for on-demand manufacturing, thus unlocking innovation in the manufacturing sector. The company integrates the latest advancements in AI and robotics to deliver finished metal products within days, offering a dramatic reduction in production time compared to traditional methods that often span months or years. This approach provides customers with unparalleled time-to-market advantages and competitive edges.
Sam Smith-Eppsteiner, Partner at Innovation Endeavors, emphasized the company’s commitment to Machina Labs based on their impressive track record, saying, “We are thrilled to double down on our investment in Machina on the back of demonstrated execution, technology gains, and commercial traction.” He further noted Machina Labs’ potential to influence key industrial trends in the coming decade, including domestic re-industrialization, defense innovation, electrification, and commercial space ventures.
Mohamed “Sid” Siddeek, Corporate Vice President and Head of NVentures, underlined the significance of AI in manufacturing and applauded Machina Labs for their work in advancing the industry. He stated, “Machina Labs’s work to apply advanced computing and robotics to sheet metal formation enables companies to operate manufacturing facilities with substantially improved efficiency and broadened capabilities.”
Machina Labs operates on a unique premise, likening robots to a blacksmith’s hammer, creatively shaping various designs and materials. This approach introduces unparalleled flexibility and agility to the manufacturing industry, enabling swift and affordable realization of innovative ideas. Machina’s patented manufacturing platform, focusing on robotic sheet forming, outperforms traditional methods by offering material- and geometry-agnostic technology, eliminating the need for custom molds or dies.
The Series B funding not only validates Machina Labs’ innovative approach but also positions the company at the forefront of the AI-driven manufacturing revolution, promising groundbreaking advancements in the sector.
