Bright Machines Raises $132M in New Funding to Expand Intelligent Automation in Manufacturing
Latest funding round will drive adoption of industry-transforming technology to significantly improve the flexibility, resiliency, and sustainability of manufacturing
“We founded Bright Machines with a singular mission to enable our customers to transform the way they have historically approached product assembly. We are excited to partner with the industry in creating a more streamlined ‘design-to-make’ process in which every product can be manufactured closer to the end consumer. In today’s unpredictable, global environment, this mission is more important than ever,” said
In addition to refining and extending the capabilities of its flagship product, the Bright Machines Microfactory, the company plans to use the funds to accelerate its Brightware software roadmap, expand its service offerings, strengthen its partner network, and grow its installed base of customers. It will also unveil an Integration Hub in
“By offering an intelligent automation platform that is fast, flexible, and cost-effective enough to scale with their customers’ businesses, Bright Machines is uniquely positioned to address a critical gap that has persisted in manufacturing for several decades,” said
Strong company performance supports investor confidence
Since the company’s founding in 2018, Bright Machines has made significant advancements to its technology and impact on the industry, including:
- Launching the Bright Machines Microfactory to intelligently automate the final assembly of electronic products.
- Introducing the Brightware Platform to power Bright Machines Microfactories and give operators the ability to run, monitor and control assembly lines.
- Serving more than 40 global manufacturing companies through both direct OEM customer relationships as well as EMS and ODM partners.
- Deploying over 100 microfactories in 13 countries for projects across high-growth industry verticals, and doubling bookings year-over-year (2021-22).
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Helping customers achieve key success metrics, including up to
75% more units per hour and65% fewer defects per production run. -
Being recognized as a leading manufacturing company whose technology has the potential to reduce carbon intensity by
51% per unit or 5.5 MMtCO2 per year, the equivalent of planting 6.5M trees annually. - Receiving multiple industry awards, including Inc. Best in Business: Manufacturing; Forbes America’s Most Promising AI Companies; and American Business Awards Tech Startup of the Year: Software; as well as being recognized as a BloombergNEF Partner and World Economic Forum Technology Pioneer.
This latest funding round comes at an important inflection point for the company as it continues to reshape the
About Bright Machines
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