Daedalus, a Karlsruhe, Germany-based technology company building factories using AI, raised $21M in Series A funding.
The round was led by NGP Capital, with further participation from its existing investors, including Addition and Khosla Ventures.
The company further develop its proprietary Manufacturing AI Platform and scale its production facilities in Germany.
Founded by CEO Jonas Schneider, Daedalus is on a mission to build factories for precision parts. The company is ramping up its first 50,000 sqft factory in Germany, where it is already producing critical components for companies in the semiconductor, defense, energy, e-mobility and medical sectors. Its software-controlled and automated production facilities use software to control and holistically optimize the shop floor operation and AI to automate many of the manual tasks involved in production. This software-defined approach to manufacturing enables the production of any new part with minimal human intervention and allows team members with minimal training to take its customers’ mission-critical designs from CAD to finished parts with superhuman precision, reliability, and speed.
Its customers already include semiconductor, energy, e-mobility, defense, and pharmaceutical companies.
Commenting on the news, Jonas Schneider said: “Imagine factories that possess the collective knowledge and expertise of all engineers and machinists who have ever worked in them, and can produce the most challenging parts with superhuman reliability and 10x efficiency. Daedalus is already making that vision real by revolutionizing how we build everything from microchips to critical medical components—unleashing the potential of numerous industries with our AI-powered factories that forge bespoke parts on demand. Today’s funding will enable us to grow our production capacity to meet customer demand while investing in product development and hiring.“
FinSMEs
09/02/2024