Bright Machines, Inc.
| File:Bright Machines Logo.PNG | |
| Privately held company | |
| ISIN | 🆔 |
| Industry | Software, robotics, manufacturing |
| Founded 📆 | May 2018 Palo Alto, California, U.S. |
| Founders 👔 |
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| Headquarters 🏙️ | 2445 16th Street San Francisco, CA 94103 |
Area served 🗺️ | |
Key people |
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| Members | |
Number of employees | 200 (2024) |
| 🌐 Website | brightmachines |
| 📇 Address | |
| 📞 telephone | |
Bright Machines is a privately held company specializing in industrial automation through the integration of software and robotics.[1] Established in 2018 and headquartered in San Francisco, California, the company aims to modernize manufacturing processes by providing flexible automation solutions.[2]
History
Bright Machines was founded in May 2018 as a spin-off of Flex Ltd, initially operating under the stealth startup name AutoLabs AI. In October 2018, the company rebranded as Bright Machines and raised $179 million in a Series A funding round led by Eclipse Ventures.[3] In June 2019, Bright Machines introduced its first software-defined microfactory, designed to automate electronics assembly and inspection by integrating cloud-based software with modular robotic cells.[4] By mid-2020, the company had deployed over 100 microfactories globally, serving both original equipment manufacturers (OEMs) and contract manufacturers.[5] In October 2022, the company announced a $100 million Series B funding round led by Eclipse Ventures, along with an additional $32 million in debt financing led by Silicon Valley Bank and Hercules Capital.[6] In June 2024, the company raised $126 million in Series C funding, with $106 million in equity led by investments from funds and accounts managed by BlackRock, with participation from NVIDIA, Microsoft, Eclipse, Jabil, and Shinhan Securities, and $20 million in venture debt from J.P. Morgan.[7] In September 2024, the company announced Chris Stori as the new CEO.[8]
References
- ↑ Stewart, Rosalie Chan, Julie Bort, Ashley. "47 enterprise startups to bet your career on in 2020". Business Insider. Retrieved 2025-03-14.
- ↑ "Bright Machines". Technology Pioneers 2019. Retrieved 2025-03-14.
- ↑ "Bright Machines lands $179M to bring smarter robotics to manufacturing". techcrunch.com. Oath Tech Network. October 23, 2018. Retrieved October 23, 2018.
- ↑ Nellis, Stephen (June 26, 2019). "U.S. manufacturing veterans launch 'microfactories' to assemble electronics". Reuters.
- ↑ Wilshire, Michael (14 July 2020). "BNEF Pioneers 2020" (PDF).
- ↑ Heater, Brian (31 October 2022). "Manufacturing firm Bright Machines raises $132M after unfulfilled SPAC deal". TechCrunch. Retrieved November 2, 2022.
- ↑ Cherney, Max. "AI-focused manufacturing startup raises $106 million, from Nvidia and others". Reuters.
- ↑ Albergotti, Reed. "Nvidia-backed robotic manufacturing startup taps new CEO with an eye to AI".
- 2018 establishments in California
- Companies based in San Francisco
- Corporate spin-offs
- Software companies based in the San Francisco Bay Area
- Software companies established in 2018
- Manufacturing companies established in 2018
- American companies established in 2018
- Software companies of the United States
- Robotics companies of the United States
