Lockheed Martin Ventures Invests in On-Demand Manufacturing Pioneer Machina Labs
LOS ANGELES, January 26, 2023–(BUSINESS WIRE)–Machina Labs right now introduced the completion of an funding by Lockheed Martin Ventures (LMV), the enterprise arm of Lockheed Martin Company (NYSE: LMT), a worldwide safety and aerospace firm. Machina Labs combines AI and robotics to quickly manufacture superior sheet steel merchandise. This newest funding brings the entire raised by Machina Labs to $21.8M.
The funding shall be used to speed up firm development to satisfy buyer demand, and to increase R&D into further processes and metallurgical choices.
“At Machina Labs, we’re creating the manufacturing unit of the longer term; one the place quite a lot of designs and bodily merchandise could be produced on-demand and at scale,” based on Edward Mehr, CEO and Co-Founding father of Machina Labs. “With Lockheed Martin’s funding, we will speed up improvement of our sheet steel Roboforming to higher serve the necessity of the protection sector and provides america a aggressive benefit in pace of improvement for nationwide safety and protection merchandise.”
“We intention to operationalize and scale options with pace and effectiveness so the U.S. and our allies can keep forward of rising threats,” stated Chris Moran, vice chairman and normal supervisor of Lockheed Martin Ventures. “We’re excited to work with Machina Labs in bringing their superior and agile manufacturing platform to our prospects.”
Machina Labs makes use of robots the way in which a blacksmith makes use of a hammer creatively to fabricate completely different designs and materials, introducing unseen flexibility and agility to the manufacturing business. The businesses’ manufacturing platform combines the newest advances in robotics and AI so nice concepts can shortly and affordably flip to actuality and companies can profit from speedy iteration to convey extra revolutionary merchandise to market, quicker.
Machina Labs combines the newest advances in AI and robotics to ship completed steel merchandise in days – not months or years – and offers prospects unprecedented time to market and aggressive benefit.
Robotic sheet forming is the primary course of enabled by Machina’s patented manufacturing platform. Utilizing material- and geometry-agnostic know-how, the platform outperforms conventional sheet forming strategies that depend on customized molds or dies.
About Machina Labs
Based in 2019 by aerospace and automotive business veterans, Machina Labs is a sophisticated manufacturing firm primarily based in Los Angeles, California. Enabled by developments in synthetic intelligence and robotics, Machina Labs is growing Software program-Outlined Factories of the Future. The mission of the corporate is to develop modular manufacturing options that may be reconfigured to fabricate new merchandise just by altering the software program. For extra data, please go to https://www.machinalabs.ai/
About Lockheed Martin Ventures
Lockheed Martin Ventures makes strategic investments in corporations which can be growing leading edge applied sciences in core companies and new markets vital to Lockheed Martin. Greater than a supply of capital, Lockheed Martin Ventures gives portfolio corporations with entry to our world-class engineering expertise, state-of-the-art applied sciences, and analysis and entry to the corporate’s worldwide enterprise relationships and provide chain. For extra data go to: www.lockheedmartinventures.com
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin Company is a worldwide safety and aerospace firm that employs roughly 114,000 individuals worldwide and is principally engaged within the analysis, design, improvement, manufacture, integration and sustainment of superior know-how methods, services and products.
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Contacts
Tim Smith
Ingredient Public Relations, for Machina Labs
415-350-3019
[email protected]