Bright Machines, a San Francisco, CA-based provider of a software-defined manufacturing solutions, raised $132M in debt and Series B funding.
The round was led – for its portion of $100M – by Eclipse Ventures. The debt portion of the funding, worth $32M, was led by Silicon Valley Bank (NASDAQ: SIVB) and Hercules Capital, Inc.(NYSE: HTGC). This round of funding brings the total raised to $330M since founding in 2018.
The company intends to use the funds to accelerate growth, which includes continued expansion into high-demand industry verticals, and the development of new software and service offerings to complement its existing portfolio of products.
Led by CEO Lior Susan, Bright Machines is a technology company that offers an approach to intelligent, software-defined manufacturing automation. 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 Guadalajara, Mexico, later this year and a U.S. based Customer Experience Center in San Francisco in early 2023.
The company, which operates R&D and Field Operation Centers in San Francisco, Tel Aviv and Guadalajara, with additional support in North America, Asia and Europe, serves more than 40 global manufacturing companies through both direct OEM customer relationships as well as EMS and ODM partners.
FinSMEs
31/10/2022