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Machina Labs raises $32M

Machina Labs has closed a Series B investment round of $32 million. The investment was co-led by NVentures, the venture capital subsidiary of Nvidia, and existing investor Innovation Endeavors.

The funding will be used to address increasing customer demand, invest in research, and continue delivering manufacturing solutions, according to the company.

Machina Labs’s technology allows factories to adapt to on-demand manufacturing, removing the need for fixed production lines and reducing time to market for new products. Their platform combines AI and robotics to create finished metal products in shorter timespans, according to the company.

Machina Labs has raised $45 million to date.

[Image courtesy: Machina Labs]

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