Karlsruhe, Germany-based Daedalus, a expertise firm constructing the world’s most superior factories utilizing AI, introduced on Thursday that it has secured $21M (roughly €19.4M) in a Collection A spherical of funding.
The funding spherical was led by NGP Capital, with additional participation from its current traders, together with Addition and Khosla Ventures.
The German firm will use the funds to develop its proprietary Manufacturing AI Platform and scale its manufacturing amenities in Germany.
Daedalus: Redefining manufacturing with AI
Based by former OpenAI Technical Lead Jonas Schneider, Daedalus goals to construct the world’s first autonomous and immediately reconfigurable factories.
The corporate makes use of its proprietary Manufacturing AI Platform to automate your complete manufacturing course of, from quoting to supply, for high-precision and high-mix elements.
Daedalus’ manufacturing amenities utilise software program to regulate and holistically optimise store ground operations. Moreover, AI automates guide duties concerned in manufacturing.
This software-defined strategy makes it potential to supply any new half with minimal human intervention, claims the corporate.
It additionally permits group members with minimal coaching to remodel the mission-critical designs of their prospects, from CAD to completed elements, with exceptional precision, reliability, and pace.
Jonas Schneider, Founder and CEO of Daedalus, feedback, “Think about factories that possess the collective information and experience of all engineers and machinists who’ve ever labored in, and may produce essentially the most difficult elements with superhuman reliability and 10x effectivity. Daedalus is already making that imaginative and prescient actual by revolutionizing how we construct the whole lot from microchips to crucial medical parts—unleashing the potential of quite a few industries with our AI-powered factories that forge bespoke elements on demand.”
At the moment, the corporate’s prospects embrace main semiconductor, power, e-mobility, protection, and pharmaceutical firms, which depend on precision manufacturing for his or her mission-critical, high-value bespoke parts.
Schneider explains, “The conversations we’ve got with our prospects paint a surprising image of the state of precision manufacturing. Our software-driven manufacturing facility has already alleviated some main ache factors, however we’re nonetheless solely starting our journey. Whereas we’ve got already outscored greater than 50,000 incumbents, there may be nonetheless $100B in annual demand we’ve got not but touched in Germany alone, and we’re seeing demand from our current prospects exceed our capability a number of occasions over. On the identical time, we see many software program options we will construct to enhance buyer expertise and inner effectivity additional. To handle each of those alternatives, we’ve got determined to lift this extra capital and are pleased to have discovered an incredible new associate in NGP Capital, with robust help from our current traders, Addition and Khosla.”
The corporate is ramping up its first 50,000 sqft manufacturing facility in Germany, the place it’s already producing crucial parts for main firms within the semiconductor, protection, power, e-mobility, and medical sectors.