Even without the SPAC slowdown, it hasn’t exactly been the ideal economy for such a large deal.

The funding comes as the U.S. has taken an aggressive approach toward reinvigorating domestic manufacturing, in part due to economic incentive bills like the CHIPS act. Firms like Intel have been investing billions to help diversify geographic semiconductor production. Bright Machines’ own vision is built around the concept of “micro factories” — software-driven production lines that rely on robotics and automation.

The company says it has deployed some 100 such micro factories across 13 countries since its founding. The latest funding will go toward accelerating its roadmap.

Manufacturing firm Bright Machines raises $132M after unfulfilled SPAC deal by Brian Heater originally published on TechCrunch