Launchpad.build, an Irwindale, CA-based U.S.-based technology company specializing in AI-driven robotics and automation, has closed a strategic funding round.
SaaS Investors
The investment was from Lockheed Martin Ventures.
Founded in 2007, Lockheed Martin Ventures is the corporate venture capital investment arm of Lockheed Martin based in Bethesda, Maryland. The firm prefers to invest in artificial intelligence, autonomy & robotics, cybersecurity, human potential, materials & manufacturing, next-gen electronics, power & propulsion, quantum technologies, sensor technologies, signals & communication tech, space technologies, and synthetic biology.
Launchpad.build Use of Funds
The company will use the funding to support its goal of creating groundbreaking, automated, and scalable solutions for agile and responsive manufacturing.
About Launchpad.build
Founded in 2020 by Yoav Zingher, Ofer Ricklis and Bill Gross, Launchpad.build is a developer of AI-powered assembly planning software and autonomous assembly systems. It offers a “one-manufacturing-line-for-all” future with low-cost, small-batch systems that are assembled on demand. The company is on a mission to enable the future of manufacturing by increasing automation and improving utilization
Funding Details
Company: Launchpad Build, Inc.
Raised: Undisclosed
Round: Strategic Funding
Funding Month: November 2023
Lead Investors: Lockheed Martin Ventures
Additional Investors:
Company Website: https://www.launchpad.build/
Software Category: Manufacturing Software
Source: https://www.businesswire.com/news/home/20231115542100/en/