# Bright Machines

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bright-machines

- Industry: Software
- Headquarters: US
- Website: www.brightmachines.com
- Total disclosed funding: $369M
- Latest round: Series C (Jun 25, 2024)
- Investors on record: 10

## About

Founded in 2018 by Lior Susan, and Chris Stori (CEO), based in California, US, Bright Machines, Inc., previously known as AutoLab AI, Inc. - a spin-out company from Flex Ltd offers a full-stack solution for industrial automation ranging from reshoring production, creating a more distributed manufacturing network, or speeding up the innovation process. The company has R&D centers across the US and Israel and field operations across 8 locations including the US, Mexico, China, and Poland. Bright Machines possess a portfolio of 36 patent filings and serve 25 global blue-chip customers that span essential industries including network infrastructure, data centers, automotive, consumer products, medical devices, and industrial equipments. In June 2024, Bright Machines, Inc. raised 20 million in venture debt funding from JP Morgan Asset Management. The round was part of a larger USD 126 million series C and venture debt funding.

Bright Machine uses computer vision, cloud and edge computing, robotics, and artificial intelligence to solve industrial problems, aiming to speed up operations, improve quality and bring flexibility to the market. Bright Machine’s product portfolio includes Microfactories that offer intelligent software and adaptive hardware to automate repetitive assemblies and inspection tasks. Brightware automates three steps from the assembly of the circuit board: label application, DIMM insertion, and Screwdriving.  Additionally, the company’s solutions offer automation to other tasks such as fastening, welding, dispensing, pressing, labeling, vision, and testing. Bright Machines enable 50% faster deployment than the traditional way, that is, analyze, configure, and deploy.

The company plans to use the 2024 funding to launch product innovations, expand its software stack for increased assembly flexibility, and grow strategic relationships with ecosystem partners.

## Funding rounds

- Series C, Jun 25, 2024, $106M — Microsoft, Jabil Circuit, NVIDIA Corporation, BlackRock, Shinhan Securities, Eclipse Ventures
- Series B, Oct 31, 2022, $100M — Eclipse Ventures
- Series A, May 15, 2018, $113M — Lux Capital, Flex Ltd., Geodesic Capital, Eclipse Ventures, BAM Elevate
- Seed, May 2, 2018, $40M — Lux Capital, Flex Ltd.
- Seed, Mar 16, 2018, $10M — Flex Ltd., Eclipse Ventures

## Investors

- Flex Ltd. — Seed, Series A
- Eclipse Ventures (https://capitalatlas.ai/funds/eclipse-ventures) — Seed, Series A, Series B, Series C
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Seed, Series A
- Geodesic Capital (https://capitalatlas.ai/funds/geodesic-capital) — Series A
- BAM Elevate (https://capitalatlas.ai/funds/bam-elevate) — Series A
- Microsoft — Series C
- Jabil Circuit — Series C
- NVIDIA Corporation — Series C
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series C
- Shinhan Securities (https://capitalatlas.ai/funds/shinhan-securities) — Series C