A major software and robotics company in San Francisco called Bright Machines has raised $106 million in a Series C funding round. Big names in the industry, like Nvidia and Microsoft, put money into this round. Venture capital company Eclipse Ventures, robotics maker Jabil, and asset management firm BlackRock also put money in. Also, Bright Machines got $20 million in debt financing from J.P. Morgan, the company said on Tuesday.
Bright Machines plans to speed up its engineering work on robots, computer vision, and other automation technologies now that it has more money. CEO Lior Susan stressed how important these funds are for improving the company’s platform. They want to release “a faster and better version” that uses AI and machine learning to handle different industrial chores.
One well-known use of Bright Machines’ technology is putting together AI computer gear for businesses like Nvidia. Bright Machines wants to make it possible to make these systems much faster by combining robots and smart software. This could cut the production cycle by weeks or even months. “If I can give Nvidia a month faster way to introduce a new product, it’s worth billions of dollars in the AI space,” Susan said.
The company dreams of a time when engineers can create goods inside Bright Machines and start production without any problems using robotic systems that are based far away. This idea shows how their technology could change the way things are made by reducing the need for human work and increasing speed.