Foundry Robotics Raises $100 Million To Build America’s First AI-Powered Assembly Factory
Building thousands of drones at a fast rate in America has been a major problem. Foundry Robotics raises $100 million to fix exactly that. The Emeryville, California startup announced the The post Foundry Robotics Raises $100 Million To Build America’s First AI-Powered Assembly Factory appeared first on Ventureburn .
Foundry Robotics, a California-based startup, has secured $100 million in funding to construct the nation's inaugural AI-powered assembly factory. The Emeryville-based company, headed by CEO Adarsh Kulkarni, announced the Series A funding round on Wednesday, with Marlinspike Partners leading the oversubscribed investment. The funds will be utilized to construct a fully autonomous factory, bolster AI model deployment, and expand the robotics, engineering, and operations teams.
Kulkarni, a robotics expert with previous experience at Ghost Robotics and Scale AI, joined forces with co-founder Emmanuel Lamacchia, who boasts factory expertise from his time at Tesla. The team also includes former Tesla software leader Anup Karmakar and military veterans with backgrounds at Raytheon and Northrop Grumman.
Unlike traditional robotics startups that sell robots or software, Foundry owns and operates its factories under a manufacturing-as-a-service model. The company builds AI-powered robotic cells on its premises and integrates them into its FoundryOS system, which connects the robots, factory, and cloud. This seamless integration allows for swift and uniform production, with production runs feeding data back into the models to continuously improve the system.
Foundry is particularly focused on complex electromechanical components such as drones, satellites, wire harnesses, and underwater vehicles, as well as autonomous vehicle subassemblies, ground robots, and data centre hardware. The newly constructed 130,000-square-foot facility in Emeryville will significantly increase the company's manufacturing capacity.
The round of funding follows $14 million in previous investments and includes participation from established venture capital firms such as Khosla Ventures, Red Glass Ventures, SE Ventures, Wing VC, and Axiom Ventures. The funding round is among the top 3% of US deep-tech Series A rounds, highlighting the potential of Foundry Robotics in addressing the capacity constraints in US manufacturing.
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