Bright Machines, a pioneer in software-defined manufacturing, announced $132 million in debt and Series B equity fundraising today. Eclipse Ventures led the $100 million equity part of the investment. Silicon Valley Bank (NASDAQ: SIVB) and Hercules Capital, Inc. led the $32 million debt part of the investment (NYSE: HTGC).
Bright Machines plans to utilize the money to accelerate the company’s growth, which will involve continuing expansion into high-demand industry verticals as well as the development of additional software and service solutions to supplement its existing product line. Bright Machines has already secured $330 million in total investment since its inception in 2018.
Bright Machines, whose micro-factories automate electronics production lines using robotics powered by intelligent software, is valued at $938 million in the latest investment.
Headquartered in San Francisco, Bright Machines is an industry-leading technology company that offers an innovative approach to intelligent, software-defined manufacturing. It leverages computer vision, machine learning, 3D simulation, and adaptive robotics to fundamentally change the flexibility, scalability, and economics of production.