The Series A is for the company's robotics and artificial intelligence-based manufacturing. The Los Angeles firm has received $16.3 million in funding to date.
The company is coming out of stealth, following pilots with NASA and the United States Air Force. Government contracts have been an important part of the early stages of robotic platforms, and Machina Labs doesn't appear to be unique in that respect.
We are launching a newsletter. As soon as the first issue hits, please sign up to get Actuator in your inbox. For free!
As it looks toward more growth, it is beginning to accept commercial partners. The timing is right, with U.S.-based manufacturing hamstrung by the Pandemic that has halted much of the global supply chain.
The image is from Machina Labs.
The initial play of Machina is focused on sheet metal manipulation, which it has used to design tank parts, while exploring the potential for in-space manufacturing for NASA. The factory in Los Angeles is currently offering on-demand manufacturing-as-a-service.
Edward Mehr said that manufacturing must be reinvented to keep up with the pace of change. The manufacturing platform of Machina Labs combines the latest advances in robotic and artificial intelligence to make it easier for anyone with a great idea to make parts quickly, efficiently and cost-effectively. We are thrilled to have our investors on board to help us get to these facilities.
The funding will go toward increasing the company's headcount in LA and additional R&D for its platform.
