Machina Labs, a Los Angeles, CA-based advanced manufacturing company, raised $32M in Series B funding.
The round, which brought the total amount to $45M, was led by NVentures, and existing investor Innovation Endeavors, with contributions from existing and other new investors.
The company intends to use the funds to expand its business reach, to further intensify research initiatives, and to continue delivering innovative solutions.
Led by CEO Edward Mehr, Machina Labs combines AI and robotics to manufacture advanced composite and metal products. With Machina Labs, factories no longer need to be tied to specific products, but can now be configured via software to power on-demand manufacturing, and unlock innovation in manufacturing. Machina Labs combines the latest advances in AI and robotics to deliver finished metal products in days and gives customers time to market and competitive advantage.
FinSMEs
06/10/2023