Company One-Liner: Machina Labs is uniquely leveraging artificial intelligence, machine learning, robotics, and material science to materially change the $234B formative manufacturing / sheet metal forming sector for the first time since Henry Ford introduced the assembly line.
Company Mission: Build the factories of the future by developing core technology innovation in robotics and AI, unlocking an unprecedented combination of agility, precision, automation, and scale in formative manufacturing.
Opportunity Overview: Despite this round’s investor syndicate being one of the most impressive I’ve ever seen, the valuation is extremely reasonable given their revenue traction, blue-chip commercial and government customers, and recently being awarded a +/- $75M contract from the DoD.
Given the size of the market and how little innovation there has been in formative manufacturing / sheet metal forming in the last 100 years, Machina Labs is an asymmetric upside bet on American ingenuity driving a software-first industrial revolution.
Round Dynamics:
Round Size & stage: $25M Series B
Round Valuation: $63M pre-money valuation
Lead Investor(s): NVIDIA ($1T+ market cap) & Innovation Endeavors (Eric Schmidt’s {former Google CEO} VC fund)
Co-Investors: Sequoia, Index Ventures, Lightspeed Venture Partners, Lockheed Martin, and Yamaha Ventures.
Update: AngelList’s Access Fund and Private Capital Network (PCN) are participating.