Breaking the Bottleneck

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Breaking the Bottleneck | Issue 08

breakingthebottleneck.substack.com

Breaking the Bottleneck | Issue 08

[01/2023 Recap] Continuous Manufacturing Technology Market Map

Aditya Raghupathy
Feb 22, 2023
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Breaking the Bottleneck | Issue 08

breakingthebottleneck.substack.com

Breaking the Bottleneck is a monthly manufacturing technology newsletter with perspectives, interviews, news, funding announcements, and a startup database! If you know any founders, executives, or experts in the space, I would love to chat either via email at aditya@schematicventures.com or on Twitter @araghupathy_!


Manufacturing Tech Market Map 💭🎙️

Following last month’s post, below is a market map on continuous manufacturing. Continuous or Process Manufacturing involves the continuous flow of material through various processing equipment. Once a continuous process is operating in a steady state, the goal is to produce a consistent product no matter how long the operation may run. Pharmaceutical companies like GlaxoSmithKline, chemical companies like Dow, food & beverage companies like Kraft, and oil companies like Exxon Mobil are all examples of continuous process manufacturing companies.

If you think I missed something, I would love to hear from you! The future of manufacturing is bright, and I am excited to see the continued transformation in the coming years.


What I Enjoyed Reading This Month🏭🗞️🔬

News:

  • Mitigating Cyber Security in Contract Manufacturing [Manufacturing Dive]

  • Megatrends Driving Manufacturing Automation [Forbes]

  • Major Factory Construction Projects [Manufacturing Dive]

  • Realtime Data & AI in Manufacturing [VentureBeat]

  • Decarbonizing the Chemical Industry [MIT]

  • Additive Manufacturing for Batteries? [Forbes]

  • Tata Looks to Get Involved in Apples Indian Manufacturing Push [Bloomberg]

  • Inside Relativity Space’s Factory [CNBC]

Research:

  • Detecting Additive Manufacturing Defects in Real-Time [Science Magazine]

  • Complications of Concentrating Global Trade [McKinsey]

  • Workforce Development for High-Tech Manufacturing [Brookings Institute]

  • Energy Technology Perspectives 2023 [IEA]

  • Trade in Transition 2023 [Economist]

  • Industrial Automation to Industrial Autonomy [Yokogawa]


December’s Manufacturing Deals 💰

Aerones - A Latvian based robot-enabled wind turbine maintenance and inspections startup

  • $30 million [Series A] - Co-Led by Lightrock and Haniel, and joined by Blume Equity, Change Ventures, Mantas Mikuckas, Metaplanet, Pace Ventures, and Future Positive Capital.

Boston Metal - A decarbonized steel production company generating steel without releasing carbon dioxide emissions

  • $120 million [Series C] - Led by ArcelorMittal and joined by Microsoft's Climate Innovation Fund, Breakthrough Energy Ventures, and SiteGround Capital.

MacroFab - A cloud manufacturing platform with a network of 100 North American factories for building electronics from prototype to production

  • $41 million [Series C] - Led by Foundry Group and joined by BMW iVentures, Edison Partners, and ATX Venture Partners

MemFault- An IoT reliability platform that gives developers a more scalable process to build & operate devices

  • $24 million [Series B] - Led by Stripes and joined by 5G Open Innovation Lab, Partech Partners, and Uncork Capital

Raise Robotics - A San Francisco based robotic building company

  • $2.2 million [Pre-Seed] - Led by Cyberntetix Ventures, Union Labs VC, and Zacua Ventures

Snaptrude - A startup giving customers more modern design and broader sets of buildig information modeling features

  • $6.6 million [Seed] - Co-led by Accel and Foundamental VC

Worlds - A Dallas-based 4D infrastructure company for the industrial metaverse

  • $21 million [Series A1] - Led by Moneta Ventures and joined by Align Capital, Green Park & Golf Ventures, Chevron Technology Ventures, Piva Capital, Perot Jain, and Capital Factory

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Breaking the Bottleneck | Issue 08

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