Bright Machines

Bright Machines is a private company that provides software and robotics solutions for the manufacturing industry. It was founded in 2018 and has raised $330 million in funding from investors such as Eclipse Ventures, Lux Capital, and BMW i Ventures. However, in May 2021, the company announced plans for an initial public offering through a SPAC merger with SCVX Corp, which valued the company at $1.6 billion and was expected to generate approximately $435 million in cash. The merger was supposed to occur in the second half of 2021, but it was terminated in December 2021 due to market conditions. Automation in factories has been progressing for years, even decades, but Bright Machines is working to push it a quantum leap forward. Based in San Francisco, the AI company is leveraging advances in robotics like machine learning and facial recognition to create an AI platform for digital manufacturing. Its solutions can accomplish any number of fine-grain tasks that might previously have required the exactitude of a skilled human.