Bright Machines Secures $126M in Series C Funding

Key Highlights:

  • $126M Series C funding led by BlackRock, with contributions from NVIDIA, Microsoft, and others.

  • $106M in equity and $20M in venture debt from J.P. Morgan.

  • Focus on product innovations and expanding software for increased assembly flexibility.

  • Enhanced ecosystem relationships to drive manufacturing transformation.

Source (PR Newswire)

Notable Quotes:

"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 standards across the value chain."

Lior Susan, CEO and Executive Chairman at Bright Machines

"The demand for AI is catalyzing a transformation in electronics manufacturing. Supply chains and manufacturing and assembly processes are being redesigned to drive faster product innovation and time to market."

Matt Singer, Managing Director at BlackRock

"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."

Rev Lebaredian, VP of Omniverse and Simulation Technology at NVIDIA

"There is a fundamental shift in the way electronics manufacturing must adapt to enable the rapid progress and adoption of AI. Bright Machines' full-stack solution changes the status quo by providing flexible automation across all stages of the manufacturing life cycle from product design to assembly to disassembly."

Marc Stoll, Partner at Eclipse

"It is imperative for manufacturers to keep up with the pace of technology innovation across the full spectrum of markets such as AI tech, renewables and carbon reduction, or life-saving medical devices. Bright Machines significantly reduces the time it takes to go from design to production helping companies manufacture the products of tomorrow today."

Matt Crowley, EVP Global Business Units at Jabil

"There is a global need for manufacturing transformation if we are going to reap the benefits of AI innovation. Bright Machines delivers reliable access to more AI hardware and transforms its manufacturing, ensuring the ecosystem can take advantage of all that AI has to offer."

Damian Kang, Executive Director Global Equity Team at Shinhan Securities

Our Take:

Bright Machines' latest funding round underscores a significant shift towards intelligent, software-defined manufacturing solutions. The infusion of $126M not only accelerates the company's innovative trajectory but also highlights the critical role of AI and automation in modernizing manufacturing processes. Collaborations with tech giants like NVIDIA and Microsoft further validate Bright Machines' approach to creating a flexible, data-driven manufacturing ecosystem. As the industry grapples with outdated systems and fragmented supply chains, Bright Machines' comprehensive solution promises to redefine manufacturing efficiency and resilience, positioning it as a leader in the next era of industrial automation.