Machina Labs Exits from Stealth with Series A, Bringing Total Raised to $16.3 Million
Machina Labs, a pioneer in advanced manufacturing through robotics and artificial intelligence (AI), today emerged from stealth and announced it has closed a Series A round of financing, bringing the total raised to $16.3 million. Innovation Endeavors led the round with participation from Congruent Ventures and Embark Ventures. The funds will be used to significantly grow Machina’s team in Los Angeles and to expand its R&D and manufacturing capacity to meet rapidly increasing customer demand.
“Manufacturing must be reinvented to keep up with the pace of change in this highly competitive market,” said Edward Mehr, Machina Labs CEO and co-founder. “We’re excited to finally reveal Machina Labs’ manufacturing platform, which combines the latest advances in robotics and AI to democratize access to rapid manufacturing so that anyone with a great idea can manufacture parts quickly, efficiently and cost-effectively. These software-defined, robotic facilities are the factories of the future, and we’re thrilled to have our investors on board to help us get there.”