Bright Machines Funding, Investors & Competitors

Bright Machines has raised $385M across 3 funding rounds, most recently a $106M Series C in June 2024.

Last Bright Machines funding round

$106M

Series C · Jun 2024

Cumulative funding Bright Machines raised

$385M

across 3 funding rounds

Key investors in Bright Machines

Bright Machines Overview

About Bright Machines

Bright Machines is a robotics company headquartered in San Francisco, California. It builds software-defined automation platforms that assemble electronic devices using modular robots and AI vision systems. The platform enables flexible production lines for consumer electronics and automotive parts, reducing setup times from weeks to hours. Founded in 2018, Bright Machines serves clients like Foxconn and Johnson & Johnson from facilities in the U.S. and Mexico. The company raised $179 million in Series B funding in 2021 to expand its Layered Process Platform.


Founded

2018

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Subscription

Bright Machines Funding History

Bright Machines has raised a total of $385M across 3 funding rounds.

Bright Machines' first fundraising round was a $179M Series A in October 2018. The most recent completed round was a $106M Series C in June 2024.

Bright Machines funding rounds

Bright Machines funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2024Series CBlackRock (lead); Reference Capital SA (lead); NVIDIA; Eclipse Ventures; Microsoft; Jabil; Shinhan Investment$106MBright Machines is an industry-leading software and robotics company offering a full-stack automation solution for intelligent, software-defined manufacturing, specializing in flexible automated assembly for AI hardware infrastructure like servers and batteries using computer vision, machine learning, and robotics. On June 25, 2024, it raised $126M in Series C funding, comprising $106M equity led by BlackRock (noted as Blackrock Enhanced/funds managed by BlackRock) with participation from NVIDIA, Microsoft, Eclipse Ventures, Jabil, and Shinhan Securities/Investment, plus $20M venture debt from J.P. Morgan, bringing total funding over $400M (or $558M/$608M per trackers). The proceeds fund product innovations, software stack expansion for assembly flexibility, engineering in robotics and computer vision, partner ecosystem growth, and commercialization to meet surging AI hardware demand. The company's Microfactories provide centralized data visibility, traceability, performance benchmarking, and adaptable robotic systems that automate design, assembly, disassembly, and troubleshooting, claiming 50 servers per hour at 99% yield. Design for Automated Assembly (DFAA) tool offers virtual design recommendations to shorten time-to-market. With over 200 employees in San Francisco, Bright Machines addresses outdated manual electronics manufacturing amid AI-driven compute power needs, positioning as a bottleneck solver for fragmented supply chains. Bright Machines has earned accolades like 'Best AI-based Solution for Manufacturing' by AI Breakthrough, 'Technology Pioneer' by World Economic Forum, and Forbes' 'America's Most Promising Artificial Intelligence Companies.' CEO Lior Susan highlighted potential billion-dollar value in accelerating NVIDIA product launches by a month. Post-round, it pursues scaling, reshoring, and standards like OpenUSD with NVIDIA and others.
Apr 2022Series BEclipse Ventures (lead)$100MBright Machines is a software-defined manufacturing company founded in 2018 by Lior Susan that develops intelligent automation platforms and robotics for electronics assembly. The company's core offering includes Microfactories—software-driven production lines powered by the Brightware Platform—designed to provide flexible, cost-effective automation that complements traditional high-volume manufacturing. Bright Machines deployed approximately 100 microfactories across 13 countries as of late 2022 and served more than 40 global manufacturing companies through OEM customer relationships as well as EMS and ODM partners. The capital was intended to accelerate growth across high-demand verticals and fund development of new software and service offerings. By June 2024, Bright Machines had raised over $400M total across multiple rounds, with its Series C featuring $106M in equity led by BlackRock and participation from NVIDIA, Microsoft, Eclipse, Jabil, and Shinhan Securities, plus $20M in venture debt from J.P. Morgan. The company has been recognized as an AI Breakthrough award winner, World Economic Forum Technology Pioneer, and one of Forbes' most promising AI companies.
Oct 2018Series AEclipse Ventures (lead); Flex; Balyasny Asset Management; Lux Capital; Geodesic Capital; BAM Elevate$179MBright Machines emerged from stealth in October 2018 with a $179 million Series A funding round led by Eclipse Ventures, establishing itself as an innovator in software-defined manufacturing and intelligent automation. The company was founded in 2018 and is headquartered in San Francisco, California, with a focus on developing flexible automation solutions that combine robotics and artificial intelligence to transform manufacturing processes. The Series A round reflected early investor confidence in the company's vision to reshape the manufacturing industry through software-driven approaches and intelligent microfactories. The company later raised additional capital including a $132 million Series B in October 2022 (combining $100M equity and $32M debt) and a $126 million Series C in June 2024 ($106M equity and $20M venture debt), bringing total capital raised to over $400 million by mid-2024.

Who has invested in Bright Machines?

12 investors have backed Bright Machines across its funding rounds, including Eclipse Ventures, Lux Capital, BlackRock, NVIDIA, Microsoft and Geodesic Capital.

Lead investors include BlackRock, Reference Capital SA and Eclipse Ventures.


Bright Machines Investors

Investors in Bright Machines by funding rounds participated
InvestorHQRoundsRoleFirst check
Eclipse VenturesUnited StatesSan Francisco, CA3LeadOct 2018
NVIDIAUnited StatesSan Jose, CA1ParticipantJun 2024
MicrosoftUnited StatesSeattle, WA1ParticipantJun 2024
FlexJapanTokyo1ParticipantOct 2018
Balyasny Asset ManagementUnited StatesChicago, IL1ParticipantOct 2018
Lux CapitalUnited StatesNew York City, NY1ParticipantOct 2018
Geodesic CapitalUnited StatesSan Francisco, CA1ParticipantOct 2018
BlackRockUnited StatesUnited States1LeadJun 2024
BAM ElevateUnited StatesNew York City, NY1ParticipantOct 2018
JabilUnited StatesUnited States1ParticipantJun 2024

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Bright Machines Competitors

Bright Machines competitors include listed companies like Cadence Design Systems and Autodesk, and private ones like Quicktron Robotics, Exotec, Vecna Robotics and Semitech.

Public and private companies comparable to Bright Machines
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Quicktron RoboticsChinaShanghaiPrivate--$2.3B-
ExotecFranceLillePrivate$100M-$2B20.0x
Vecna RoboticsUnited StatesBoston, MAPrivate--$900M-
SemitechChinaShanghaiPrivate--$870M-
Cadence Design SystemsUnited StatesUnited StatesPublicly listed$5.3B$1.8B$77B13.0x
AutodeskUnited StatesUnited StatesPublicly listed$7.2B$1.8B$46B5.7x

Bright Machines Public Comps

Bright Machines is still privately-owned, but its public comps include Siemens, Schneider Electric, ABB, Hitachi, Mitsubishi, Delta Electronics (Thailand), Johnson Controls, Emerson Electric, Cadence Design Systems and Honeywell.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Siemens$91B$15B3.0x2.9x18.1x15.7x
Schneider Electric$46B$9.5B4.3x3.9x21.0x18.4x
ABB$33B$6.9B5.4x4.9x25.9x22.6x
Hitachi$68B$11B2.2x2.2x13.8x13.5x
Mitsubishi$122B$8.7B1.2x1.2x17.2x21.8x
Delta Electronics (Thailand)$5.9B$1.1B15.0x11.4x80.8x64.9x
Johnson Controls$24B$3B4.0x3.7x31.0x20.0x
Emerson Electric$18B$4.7B5.2x5.0x19.9x17.1x

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Common questions about Bright Machines

When was Bright Machines founded?Bright Machines was founded in 2018.
Where is Bright Machines headquartered?Bright Machines is headquartered in San Francisco, CA, United States.
Is Bright Machines publicly listed?No, Bright Machines is a private, VC-backed company.
How much funding has Bright Machines raised?Bright Machines has raised $385M across 3 funding rounds.
What was Bright Machines' last funding round?Bright Machines' last funding round was a $106M Series C in June 2024, led by BlackRock and Reference Capital SA.
Who are Bright Machines' investors?Bright Machines' investors include Eclipse Ventures, NVIDIA, Microsoft, Flex, Balyasny Asset Management, Lux Capital, Geodesic Capital, BlackRock, BAM Elevate, Jabil and 2 others.
Which companies are comparable to Bright Machines?Companies comparable to Bright Machines include Quicktron Robotics, Exotec, Vecna Robotics, Semitech, Cadence Design Systems and Autodesk.

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