Los Angeles-based, Machina Labs is a robotic company that uses AI to advance products raised $32 million co-led by NVentures, and Innovation Endeavors in a Series B round.
The round was actively backed by previous and new investors. After this round, the total funds raised by Machina Labs to date is $45 million.
Los Angeles-Based Machina Labs AI $32M Series B
CEO of Machina Labs, Edward Mehr said that the raised funds will enable them for R&D, expansion, and accelerated growth. This investment also speeds up their development process to fulfill customers’ demands and services.
Machina Labs is focused on developing a next-generation robotics model that can be changed with software and eliminates the dependence on dies and hardware tools.
Moreover, Machina Labs patents a robotic sheet-forming platform that brings flexibility to the manufacturing industry.
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