Machina Labs Raises $124M to Build the Factory of the Future
Are you feeling the reindustrialize vibes yet? Well, you should be, because investors certainly are.
Yesterday, advanced manufacturing startup Machina Labs closed a $124M Series C to build its first large-scale “intelligent factory.” The idea is to use AI-powered robots to rethink how everything from car parts to drone and missile airframes are made.
The robo-dojo: You might be thinking, is metal really a thing that needs to be revamped? To California-based Machina Labs, the answer is a resounding yes.
“The problem with traditional manufacturing is that every time you have to build a product, you have to build a factory for it,” Machine Labs CEO Ed Mehr told Tectonic. “Software has grown like crazy in the past couple of decades, but hardware still moves at a pretty stale pace.”