{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAoMPIwZEKDA","lastupdate":"2024-05-28T00:00:00.000Z","update_date":"2024-05-28T00:00:00.000Z","lastModified":"Jun 30, 2024","active":1,"confidence_score":61,"confidence_score_reason":"funding stage, product stage, sector, business model, video or image, markets, not claimed","urlname":"bright-machines","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":"7KVi9S7qqUtO0WCsFclwqBEZluejfNYqWC1Uhx0tPHtDxtvxPPaCPH","hide_reason_data":{"reason":"No longer active","visible":0},"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$3NBE6xD0oyBiIiHBJnLixecjRyk8MAijjnLTzlOdMfoSGv65EivPQ1","name":"Bright Machines","oneliner":"Software and Programming","registrar":"515822005","website":"https://www.brightmachines.com","careerspage":"","founded_month":3,"founded_year":2018,"formernames":["AutoLabs AI"],"sociallinks":{"twitter":"https://twitter.com/bright_machines","youtube":"","facebook":"https://www.facebook.com/brightmachines","linkedin":"https://www.linkedin.com/company/33457528","instagram":""},"social":["https://twitter.com/bright_machines","https://www.facebook.com/brightmachines","https://www.linkedin.com/company/33457528"],"flattenedsociallinks":"https://twitter.com/bright_machines|https://www.facebook.com/brightmachines|https://www.linkedin.com/company/33457528","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":null,"employees":"51-200","employees_exact":86,"patent":null,"raised":0,"stage":"Pre-Funding","public_stage":"Pre-Funding","primary_sector_key":null,"primary_sector":"","alternativenames":null,"about":"Bright Machines is a manufacturing startup that aims to eliminate manual labor from manufacturing electronic devices by combining robots and new software. 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Eight of the employees will be relocated to the companys center in San Francisco. The companys Israeli CEO and founder, Lior Susan, stated that the move is aimed at improving efficiency and speed, and to develop closer to their overseas customers. Bright Machines, established in May 2018, develops software-based autonomous production lines for industry. The company had previously planned to go public via a SPAC merger at a $1.6 billion valuation in 2021, but the deal fell through due to market conditions.","partners":"Not mentioned","customers":"Not mentioned","investors":"Eclipse Ventures","confidence":"9","key_topics":["Layoffs","Relocation","Efficiency","Customer Proximity","Failed SPAC"],"date_of_event":"Not mentioned","valuation_amount":"$1.6 billion","impact_on_company":"Growth-Negative","investment_amount":"Not mentioned","structured_issues":["Layoffs","Management Changes"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Layoffs  #Management Changes","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"Growth-Negative","analysisId":"LP0WPCmLZUG5P0EYgCXu6agcRp5A0CGz0gzwI7J6CGiBCaKqrOiIRJ","news_summary":"Bright Machines closing Israel R&D center | CTech","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"I1Wi9SVAgEz5aiQN6tPpnUNUjjiiFRp3BeDTV9a7Bd1R6vMiM3xfPE","date":"Oct 31, 2022","link":"https://techcrunch.com/2022/10/31/manufacturing-firm-bright-machines-raises-132m-after-unfulfilled-spac-deal/","source":"techcrunch.com","visible":1,"analysis":{"tags":"fundraising","company":"Bright Machines","layoffs":null,"summary":"Bright Machines, a Bay Area-based manufacturing firm, has raised $132 million in a funding round led by Eclipse Ventures. 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The investment comes as the U.S. government is focusing on reinvigorating domestic manufacturing, and companies like Intel are investing in geographic semiconductor production.","partners":null,"customers":null,"investors":"Eclipse Ventures, Silicon Valley Bank, Hercules Capital","confidence":9,"key_topics":["SPAC","fundraising","manufacturing","micro factories","automation"],"date_of_event":"May 2021","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$132 million","structured_issues":["Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"G411uuTZz2b6eALpHPjARLTtF6XhFryUhYqryCKpuJ5Oj5qO62Xrbj","news_summary":"Manufacturing firm Bright Machines raises $132M after unfulfilled SPAC deal","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"9978b09d-f019-41d6-96bc-aac66de23acc","date":"Jun 28, 2022","link":"https://www.calcalistech.com/ctechnews/article/b1fwyl009c","source":"www.calcalistech.com","visible":1,"analysis":{"tags":"layoffs","company":"Bright Machines","layoffs":30,"summary":"Bright Machines, a technology company, has laid off 30 employees at its R&D center in Israel, which accounts for around 8% of its workforce. The company, which develops software-defined autonomous manufacturing lines, has raised a total of $280 million in funding and has orders from Fortune 500 clients. Bright Machines is streamlining its operations and adjusting its structure to meet the markets needs. The company currently employs 400 people worldwide, with 120 of them in Israel.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["Layoffs","R&D center","Company structure","Autonomous manufacturing","Market growth"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-negative","investment_amount":null,"structured_issues":["Layoffs"],"acquisition_amount":null,"structuredIssuesShow":"#Layoffs","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"growth-negative","analysisId":"0MVpy5OUX8TP4w982c8xZmao4rrmosARav5qslUvff9eXzs3PFowz7","news_summary":"Bright Machines lays off 30 employees in Israel  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