June 25 (Reuters) - Software and robotics startup Bright
Machines raised $106 million in a Series C funding round that
included Nvidia ( NVDA ) and Microsoft ( MSFT ) as investors,
the company said on Tuesday.
The San Francisco-based company makes equipment and software
that helps automate a range of manufacturing tasks through the
use of artificial intelligence and machine learning.
Other investors in the Series C funding round included
venture capital firm Eclipse Ventures, robotics maker Jabil ( JBL )
and BlackRock ( BLK ). Bright Machines raised $20
million in debt from J.P. Morgan as well.
Bright Machines plans to deploy nearly all of the cash it
raised toward its engineering effort, which is working on
robotics, computer vision and other automation problems, CEO
Lior Susan said in an interview.
The cash will help introduce "a faster and better version of
our platform," Susan said.
The company's goal is to eventually allow an engineer to
design a product inside of the Bright Machines environment and
"press a button" to have a robotic system thousands of miles
away manufacture the object, Susan said.
One of the significant use cases is constructing AI server
hardware made by the likes of Nvidia ( NVDA ). Bright Machines tools can
help make the manufacturing process of the assembled system more
efficient, potentially shaving off weeks or months from the
build time, by replacing manual labor with robots and software.
"If I can give Nvidia ( NVDA ) a month faster (way) to introduce a
new product ... it's worth - in this AI background - so many
billions of dollars," Susan said.
Building AI servers is a fast-growing market for Bright
Machines, with the company seeing "an insane amount of demand,"
Susan said.
The company's tools can also build a range of other
electronics such as mobile phones.