Machina Labs announced the completion of an investment by Lockheed Martin Ventures (LMV), the venture arm of Lockheed Martin Corp., a global security and aerospace company. Machina Labs combines AI and robotics to rapidly manufacture advanced sheet metal products. This latest funding brings the total raised by Machina Labs to $21.8M.
The investment will be used to accelerate company growth to meet customer demand, and to expand R&D into additional processes and metallurgical offerings.
Machina Labs uses robots the way a blacksmith uses a hammer creatively to manufacture different designs and material, introducing unseen flexibility and agility to the manufacturing industry. The companies’ manufacturing platform combines the latest advances in robotics and AI so great ideas can quickly and affordably turn to reality and businesses can benefit from rapid iteration to bring more innovative products to market, faster.
Machina Labs combines the latest advances in AI and robotics to deliver finished metal products in days – not months or years – and gives customers unprecedented time to market and competitive advantage.
Robotic sheet forming is the first process enabled by Machina’s patented manufacturing platform. Using material- and geometry-agnostic technology, the platform outperforms traditional sheet forming methods that rely on custom molds or dies.
About Machina Labs
Founded in 2019 by aerospace and automotive industry veterans, Machina Labs is an advanced manufacturing company based in Los Angeles, CA. Enabled by advancements in artificial intelligence and robotics, Machina Labs is developing Software-Defined Factories of the Future. The mission of the company is to develop modular manufacturing solutions that can be reconfigured to manufacture new products simply by changing the software.
For more information, please visit www.machinalabs.ai.
About Lockheed Martin Ventures
Lockheed Martin Ventures makes strategic investments in companies that are developing cutting edge technologies in core businesses and new markets important to Lockheed Martin. More than a source of capital, Lockheed Martin Ventures provides portfolio companies with access to our world-class engineering talent, state-of-the-art technologies, and research and access to the company’s international business relationships and supply chain.
For more information, visit www.lockheedmartinventures.com.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin Corp. is a global security and aerospace company that employs approximately 114,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.