# Other Machine Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/other-machine

- Industry: Hardware
- Headquarters: Berkeley, US
- Website: www.othermachine.co
- Total disclosed funding: $5.7M
- Latest round: Series A (May 11, 2015)
- Investors on record: 7

## About

Other Machine Co. develops advanced hardware and software solutions that facilitate precision manufacturing, enabling companies to optimize operations and reduce waste across various industrial sectors.Founded in 2013 in Berkeley, US, Other Machine Co. specializes in manufacturing automation tools. The firm has executed 4 deals, with the most recent acquisition occurring on May 22, 2017, by Bre Pettis. The company raised a total of USD 2.68 mn, with the latest funding round being a Series A led by The Perkins Fund, resulting in a current valuation of USD 16.526 mn.Other Machine Co. offers sophisticated hardware and software solutions aimed at enhancing precision manufacturing processes. Their primary products consist of automated machining tools that integrate with existing production lines to improve efficiency and minimize waste. The tools cater to small to medium-sized manufacturers across aerospace, automotive, and electronics, addressing operational challenges and production costs. These offerings have recently gained traction in North America and Western Europe, contributing to improved client productivity and quality.The company's revenue is primarily derived from a B2B model, focusing on direct engagements with manufacturers and industrial firms. Transactions usually involve multi-year subscription agreements for software licenses complemented by hardware sales, establishing a recurring revenue stream. Partnerships often include service agreements for maintenance and support, which ensure ongoing operational efficiency. Pricing strategies are customized based on client needs, with flagship products priced at a premium due to their advanced features and integration capabilities, fostering long-term client relationships.Looking ahead, Other Machine Co. plans to introduce new products designed to further enhance manufacturing efficiency, with potential launches slated for late 2023. The company is also targeting expansion into the Asian markets, specifically Japan and South Korea, by 2024. The funds from the most recent Series A round will be allocated toward product development and market entry initiatives to support these strategic goals.

## Funding rounds

- Series A, May 11, 2015, $2.7M — The Perkins Fund
- Series A, Jun 18, 2014, $3M — Tuesday Capital, Slow, VTF Capital, Fyrfly Venture Partners, Core Ventures Group, Broadway Angels

## Investors

- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Series A
- Slow (https://capitalatlas.ai/funds/slow) — Series A
- VTF Capital (https://capitalatlas.ai/funds/vtf-capital) — Series A
- Fyrfly Venture Partners (https://capitalatlas.ai/funds/fyrfly-venture-partners) — Series A
- Core Ventures Group (https://capitalatlas.ai/funds/core-ventures-group) — Series A
- Broadway Angels (https://capitalatlas.ai/funds/broadway-angels) — Series A
- The Perkins Fund (https://capitalatlas.ai/funds/the-perkins-fund) — Series A