Daedalus, a German startup based in Karlsruhe and led by a former OpenAI executive, has successfully raised $21 million in a Series A funding round. The investment was led by NGP Capital, a venture capital firm backed by Nokia. Daedalus, known for its advanced factories that produce precision parts, is recognized for its significant role in markets such as semiconductor, energy, and defense, which collectively represent a $600 billion annual opportunity. The company, which participated in Y Combinator's W20 batch, is leveraging software and AI to set new standards in the manufacturing of precision components.
Daedalus nabs $21M for its AI-powered precision manufacturing facility https://t.co/u73Xc8JEFv
Congrats to the team at @robotfactories on their $21M Series A! Daedalus (YC W20) is using software and AI to build the world's most advanced factories for precision parts β a $600B/year market companies in semiconductor, energy, and defense rely on. https://t.co/FbYu4JjTJX
German startup Daedalus, which uses AI to help manufacture precision parts in its Karlsruhe factory, raised a $21M Series A led by Nokia-funded NGP Capital (@psawers / TechCrunch) https://t.co/ifqVaYRAIR π« Subscribe: https://t.co/OyWeKSRpIM https://t.co/mVodiZ4TnW
Former OpenAI lead's startup Daedalus secures $21M in NGP Capital-led round https://t.co/lE3EEa8J33 https://t.co/HEQBFj6eAF
Daedalus, which is building precision-manufacturing factories powered by AI, raises $21M: https://t.co/phuqpPsoD3 by TechCrunch #infosec #cybersecurity #technology #news
Daedalus, which is building precision-manufacturing factories powered by AI, raises $21M https://t.co/2GlIp4UdXq