Breaking the Bottleneck | Issue 08
[01/2023 Recap] Continuous Manufacturing Technology Market Map
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 email@example.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🏭🗞️🔬
Mitigating Cyber Security in Contract Manufacturing [Manufacturing Dive]
Major Factory Construction Projects [Manufacturing Dive]
Realtime Data & AI in Manufacturing [VentureBeat]
Tata Looks to Get Involved in Apples Indian Manufacturing Push [Bloomberg]
Detecting Additive Manufacturing Defects in Real-Time [Science Magazine]
Complications of Concentrating Global Trade [McKinsey]
Workforce Development for High-Tech Manufacturing [Brookings Institute]
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