Bright Machines raises $126 million in equity and venture debt
The June 2024 Series C combined $106 million of equity with a $20 million debt component.
Bright Machines announced the financing on 25 June 2024. Funds and accounts managed by BlackRock led the equity investment, with NVIDIA, Microsoft, Eclipse, Jabil and Shinhan Securities participating. J.P. Morgan provided the venture debt.
The company planned to expand its manufacturing software, launch products and develop strategic partnerships.
Use of funds
Launch manufacturing innovations
Expand assembly software
Develop ecosystem partnerships