Bright Machines Overview

  • Year Founded
  • 2018

Year Founded

  • Status
  • Private

  • Employees
  • 276

Employees

  • Latest Deal Type
  • Series C

  • Latest Deal Amount
  • $126M

  • Investors
  • 14

Bright Machines General Information

Description

Developer of automation software designed to assist businesses to meet the growing demands of manufacturing. The company's software leverages artificial intelligence, machine learning, and production data to develop robots that are sensor-rich, have computer vision, and are adaptable, enabling clients to have improved yields at lower costs.

Contact Information

Formerly Known As
Autolab AI
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 939 Harrison Street
  • San Francisco, CA 94107
  • United States
+1 (650)
Primary Industry
Business/Productivity Software
Other Industries
Machinery (B2B)
Automation/Workflow Software
Vertical(s)
Advanced Manufacturing, Robotics and Drones, Artificial Intelligence & Machine Learning
Corporate Office
  • 939 Harrison Street
  • San Francisco, CA 94107
  • United States
+1 (650)

Bright Machines Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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Bright Machines Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
9. Later Stage VC (Series C) 25-Jun-2024 $126M Completed Generating Revenue
8. Debt - General 19-Apr-2024 Completed Generating Revenue
7. Early Stage VC (Series B) 31-Oct-2022 Completed Generating Revenue
6. PIPE 17-May-2021 Cancelled Generating Revenue
5. Reverse Merger 17-May-2021 Cancelled Generating Revenue
4. Debt - General 08-Nov-2021 Completed Generating Revenue
3. Accelerator/Incubator 01-Jan-2019 Completed Startup
2. Early Stage VC (Series A) 23-Oct-2018 $179M $229M Completed Startup
1. Seed Round 16-Mar-2018 $50M $50M Completed Startup
To view Bright Machines’s complete valuation and funding history, request access »

Bright Machines Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series B
Series B NV
Series A
Seed 3
Seed 2 35,574,220 $0.000100 8% $1.12 $1.12 1x $1.26 20.05%
Seed 1 20,000,000 $0.000100 8% $0.5 $0.5 1x $0.56 11.27%
To view Bright Machines’s complete cap table history, request access »

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Opportunity Score

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Exit Type

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Bright Machines Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of automation software designed to assist businesses to meet the growing demands of manufacturing. The company
Business/Productivity Software
San Francisco, CA
276 As of 2024

New York, NY
 

Boston, MA
 
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Bright Machines Competitors (20)

One of Bright Machines’s 20 competitors is Dataiku, a Venture Capital-Backed company based in New York, NY.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Dataiku Venture Capital-Backed New York, NY
DataRobot Venture Capital-Backed Boston, MA
Avathon Venture Capital-Backed Pleasanton, CA
Sight Machine Private Equity-Backed San Francisco, CA
CognitiveScale Formerly VC-backed Austin, TX
You’re viewing 5 of 20 competitors. Get the full list »

Bright Machines Patents

Bright Machines Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240353816-A1 Vision-based programless assembly Pending 21-Apr-2023
US-20240260246-A1 Robotic disassembly system Pending 27-Jan-2023
US-20230015238-A1 Method and apparatus for vision-based tool localization Pending 16-Jul-2021
CA-3226486-A1 Method and apparatus for vision-based tool localization Pending 16-Jul-2021
EP-4371072-A1 Method and apparatus for vision-based tool localization Pending 16-Jul-2021 B25J9/1697
To view Bright Machines’s complete patent history, request access »

Bright Machines Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Bright Machines Investors (14)

Investor Name Investor Type Holding Investor Since Participating Rounds
BlackRock Asset Manager Minority
Jabil Corporation Minority
Microsoft Corporation Minority
Nvidia Corporation Minority
Reference Capital Venture Capital Minority
You’re viewing 5 of 14 investors. Get the full list »

Bright Machines Acquisitions (1)

Bright Machines’s most recent deal was a Merger/Acquisition with FlexTronics International USA (Automation Design Business). The deal was made on 02-May-2018.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
FlexTronics International USA (Automation Design Business) 02-May-2018 Merger/Acquisition Automotive
To view Bright Machines’s complete acquisitions history, request access »

Bright Machines FAQs

  • When was Bright Machines founded?

    Bright Machines was founded in 2018.

  • Where is Bright Machines headquartered?

    Bright Machines is headquartered in San Francisco, CA.

  • What is the size of Bright Machines?

    Bright Machines has 276 total employees.

  • What industry is Bright Machines in?

    Bright Machines’s primary industry is Business/Productivity Software.

  • Is Bright Machines a private or public company?

    Bright Machines is a Private company.

  • What is Bright Machines’s current revenue?

    The current revenue for Bright Machines is .

  • How much funding has Bright Machines raised over time?

    Bright Machines has raised $502M.

  • Who are Bright Machines’s investors?

    BlackRock, Jabil, Microsoft, Nvidia, and Reference Capital are 5 of 14 investors who have invested in Bright Machines.

  • Who are Bright Machines’s competitors?

    Dataiku, DataRobot, Avathon, Sight Machine, and CognitiveScale are some of the 20 competitors of Bright Machines.

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