Foundry raises $100M to build automated factories around AI robots
Foundry has raised a $100 million Series A to build automated factories, according to The Information, which cited the company. Marlinspike Partners led the round, and Khosla Ventures, which led Foundry’s seed round, also participated. Foundry is designing factories around AI-powered robots organized into task-focused work cells for activities such as cabling, fastening and precise placement, rather than inserting robots into existing production lines.
The reports describe Foundry as a manufacturing-as-a-service startup whose factories are designed around robots powered by physical-AI models, representing a different approach from adding robots to existing production lines.
This source provides an excerpt. Continue reading on the original site.