LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Corrected: Autodesk, Flex veterans raise $179 mln for manufacturing startup

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Wed, Oct 24, 2018
11:45 pm
Reuters
RELATED NEWS
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21
Budget 2021: HDFC Bank, other banks hail FM Sitharaman for these reasons; check details Budget 2021: HDFC Bank, other banks hail FM Sitharaman for these reasons; check details

A group of former executives from Autodesk Inc and Flex Ltd has raised $179 million in venture capital for a manufacturing startup that aims to use a combination of robots and new software to remove much of the manual labor from manufacturing electronic devices.

San Francisco-based Bright Machines focuses on two areas. One is "micro-factories" made up of its software and robot cells it says its customers are using in half a dozen countries to replace the people who assemble and inspect electronics. The other area is new software tools to make the manufacturing process more efficient.

Bright Machines did not name its customers, but said they use its micro-factories to make hundreds of thousands of products that can be found "in your driveway, in your pocket or in a hospital," Chief Executive Officer Amar Hanspal told Reuters.

Hanspal was the co-CEO of software maker Autodesk along with Carl Bass, who sits on the new startup`s board. Also on the Bright Machines board is former Flex executive Lior Susan, founder of Eclipse Ventures, which led the funding round, and Flex CEO Mike McNamara.

Among them, the executives have seen the manufacturing process end to end. Autodesk`s flagship software, AutoCAD, is used to design items like circuit boards. And Flex is the world`s third largest contract manufacturer, having made gadgets for Fitbit Inc in the past, among others.

Robots can take months to set up and train and then are good at only one task. Bright Machines wants to make its robots adaptable, on the fly, to make many kinds of "electronics in a box" such as a smart phone or networking devices for data centers.

Hanspal thinks Bright Machines can plug software gaps. For example, when engineers design parts, the design files contain information about the shape and size of the parts. But the information never tends to make it to the factory to help train the robots, which run on a separate software system.

The goal is a machine on which gadget designers can upload a design file and have raw material fed in one end of the machine and a gadget spit out the other. And the machines could just as easily be in California as in China.

"One customer we`re working with explicitly wants to make their products in the U.S.," Hanspal said. "It`s not a political thing. They want to make their products where their company is."

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21
Budget 2021: HDFC Bank, other banks hail FM Sitharaman for these reasons; check details Budget 2021: HDFC Bank, other banks hail FM Sitharaman for these reasons; check details

LATEST NEWS

Telangana school reopening news - Check latest update here

Asian Paints Share price: Edelweiss maintain buy rating with target price of Rs 3140

Attention NEET 2021 candidates! Check expected exam date

Anil Singhvi decodes Bitcoin status as just one tweet by Elon Musk breaks cryptocurrency by a massive $8000

Gujarat Municipal Election FINAL Result: PM Narendra Modi says Thank You Gujarat for big BJP victory in civic local body polls - Check corporation wise seat details here

7th Pay Commission latest news: Central government employees alert! Your DA, PF, Gratuity, other allowance may change next fiscal

Massive Update! PUBG Mobile 2 may launch next week | Check availability, download link and more NOW!

NTPC share price today: BIG JUMP! 62-week high achieved; make more money from it, check strategy now

RRB NTPC 5th phase exam date ANNOUNCED; do not miss, check now

SolarWinds, Microsoft, FireEye, CrowdStrike defend actions in major hack - U.S. Senate hearing

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved