Event

Foundry Robotics Completes $100 Million Series A Funding

3 reports · 3 sources

Foundry Robotics announced the completion of a $100 million Series A funding round, led by Marlinspike Partners, with participation from new and existing investors including Khosla Ventures and Red Glass Ventures; subsequent reporting stated that the round was oversubscribed. The company said it has built a 130,000-square-foot factory in Emeryville, California, expanding its manufacturing footprint by roughly twenty times, and has already delivered products to paying customers in the energy, telecommunications, autonomous driving, and defense sectors. The new funding will be used to expand the factory, accelerate the deployment of AI models in manufacturing scenarios, and grow its robotics research, engineering, and factory operations teams. The two reports differ in their descriptions of the customer scope: the company said its customers span energy, telecommunications, autonomous driving, and defense, while subsequent reporting stated that it currently serves the defense and commercial industries, focusing on high-value, complex electromechanical products.