The news
Foundry Robotics, which runs an AI-driven robotic assembly plant in Emeryville, California, raised $100 million in a Series A round led by Marlinspike Partners. The funding will expand the 130,000-square-foot plant, put more of its AI models into production and grow its research, engineering and factory teams.
Khosla Ventures, Red Glass Ventures, SE Ventures, Wing VC and Axiom Ventures also invested.
“Our mission is to revitalize US manufacturing,” said Adarsh Kulkarni, Foundry's founder and CEO.
The details
Foundry sells manufacturing as a service, running the factory so customers can build products without setting up their own production lines. Its robotic cells use AI models trained on the basic building blocks of assembly.
Foundry focuses on complex electromechanical products. Its work includes drones, autonomous vehicle subassemblies, wire harnesses, underwater vehicles, rugged computers and satellites.
Its customers span defense and commercial industries.
Telecom and data center infrastructure are also on its list of applications.
What’s next
Foundry plans to use the new funding to expand its Emeryville factory, deploy more AI models in production and hire across its research, engineering and factory teams.
(Photo: Salvador Escalante / Unsplash)
