# Tempo Automation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tempo-automation

- Industry: Electronics
- Headquarters: San Francisco, US
- Website: www.tempoautomation.com
- Total disclosed funding: $75M
- Latest round: Series C (Apr 11, 2019)
- Investors on record: 15

## About

Founded in 2013 and based in California, US, Tempo Automation Inc. operates as a software-accelerated electronics manufacturing company. As of 2021, Joy Weiss is the CEO and President of the company. In 2020, Tempo Automation raised an undisclosed amount of venture funding from new investor Tuesday Capital. In October 2021, Tempo Automation, Inc. raised USD 79 million in venture debt funding from new investors ACE Equity Partners, SQN Venture Partners, and Structural Capital.

The company is a manufacturer of prototype printed circuit board assembly (PCBA) designs. The company uses a platform that helps to improve the manufacturing process by enabling the early upload of CAD and allows clients to track the progress of their orders. Its platform learns from every order, part, and process step using machine learning and its expanding datasets. It then applies those lessons to all future builds, reducing cost and time to market for Tempo's clients.

Tempo Automation, Inc. plans to use the funding to complete the acquisitions of Advanced Circuits and Whizz concurrently with the closing of the business combination of Tempo with ACE. Following the business combination (merger), the combined entity will be renamed "Tempo Automation Holdings, Inc." and will start trading on Nasdaq under the ticker symbol "TMPO".

## Funding rounds

- Series C, Apr 11, 2019, $45M — Lux Capital, Lockheed Martin, Golden Seeds, Uncork Capital, Cendana Capital, Alumni Ventures Group, Point72 Asset Management
- Series B, Apr 15, 2018, $20M — Industry Ventures, Lux Capital, Uncork Capital, Cendana Capital, AME Ventures, Dolby Family Ventures, Point72 Asset Management
- Series B, Aug 15, 2017 — Draper
- Series A, Jun 29, 2016, $8M — Lux Capital, Uncork Capital, AME Ventures, Bolt
- Seed, Jan 1, 2015, $1.6M — Uncork Capital, Draper, Haystack, Bolt, Awaken Capital, Lena Street

## Investors

- Uncork Capital (https://capitalatlas.ai/funds/uncork-capital) — Seed, Series A, Series B, Series C
- Draper (https://capitalatlas.ai/funds/draper) — Seed, Series B
- Haystack (https://capitalatlas.ai/funds/haystack) — Seed
- Bolt (https://capitalatlas.ai/funds/bolt) — Seed, Series A
- Awaken Capital (https://capitalatlas.ai/funds/awaken-capital) — Seed
- Lena Street — Seed
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Series A, Series B, Series C
- AME Ventures (https://capitalatlas.ai/funds/ame-ventures) — Series A, Series B
- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series B
- Cendana Capital (https://capitalatlas.ai/funds/cendana-capital) — Series B, Series C
- Dolby Family Ventures (https://capitalatlas.ai/funds/dolby-family-ventures) — Series B
- Point72 Asset Management — Series B, Series C
- Lockheed Martin — Series C
- Golden Seeds (https://capitalatlas.ai/funds/golden-seeds) — Series C
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series C