Bright Machines
San Francisco company that automates electronics assembly with software-defined robotic cells it calls microfactories, backed by BlackRock-managed funds, NVIDIA and Microsoft.
Bright Machines was founded in 2018 and is based in San Francisco; co-founder Lior Susan was named chief executive in its October 2022 funding release. The company pairs robotic assembly cells, sold as the Bright Machines Microfactory, with its Brightware software to automate electronics manufacturing. In October 2022 it said it had deployed more than 100 microfactories in 13 countries and served more than 40 global manufacturers, both directly and through contract and original-design manufacturers. That month it announced $132 million in new funding: a $100 million Series B equity portion led by Eclipse Ventures and $32 million of debt led by Silicon Valley Bank and Hercules Capital, and it put its total raised since founding at $330 million. In June 2024 it announced a $126 million Series C made up of $106 million in equity, led by funds and accounts managed by BlackRock with NVIDIA, Microsoft, Eclipse, Jabil and Shinhan Securities taking part, and $20 million in venture debt from J.P. Morgan, and said it had raised more than $400 million in total. The company announced a cloud collaboration with Microsoft Azure in May 2024.
- Latest funding
- $126M
- Total funding
- $258M
- Latest valuation
- —
- Founded
- 2018
- Country
- United States
- Jun 25, 2024Series C (equity and venture debt)$126M
- Oct 31, 2022Series B (equity and debt)$132M