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7 advanced manufacturing start-ups focusing on factories of the future

7 advanced manufacturing start-ups focusing on factories of the future
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Box details the behind the scenes fight with Starboard Value - Silicon Valley Business Journal

Box details the behind the scenes fight with Starboard Value - Silicon Valley Business Journal
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Dyndrite Awarded as Technology Pioneer by World Economic Forum

Dyndrite Awarded as Technology Pioneer by World Economic Forum
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Bright Machines to Become a Public Company via Merger with SCVX

Search Sponsored By Cookie Consent This site uses cookies to store information on your computer. Without consent certain enhanced features will not be available and future visits may require repeated consent, so it is recommended to accept the use of cookies. Visit the Automation.com Privacy Policy for more information. Bright Machines to Become a Public Company via Merger with SCVX May 19, 2021 Summary Bright Machines, an industry leader in intelligent, software-defined manufacturing, and SCVX (NYSE: SCVX), a special purpose acquisition company, announced that they have entered into a definitive merger agreement that will result in Bright Machines becoming a publicly listed company.

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Industrial automation startup Bright Machines hauls in $435M by going public via SPAC – TechCrunch

After the transaction is consummated, the startup will sport an anticipated equity valuation of $1.6 billion. The Bright Machines news indicates that the great SPAC chill was not a deep freeze. And the transaction itself, in conjunction with the previously announced Desktop Metal blank-check deal, implies that there is space in the market for hardware startup liquidity via SPACs. Perhaps that will unlock more late-stage capital for hardware-focused upstarts. Today we’re first looking at what Bright Machines does, and then the financial details that it shared as part of its news. What’s Bright Machines? Bright Machines is trying to solve a hard problem related to industrial automation by creating microfactories. This involves a complex mix of hardware, software and artificial intelligence. While robotics has been around in one form or another since the 1970s, for the most part, it has lacked real intelligence. Bright Machines wants to change that.

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