Machina Labs today announced the completion of an investment by Lockheed
Martin Ventures (LMV), the venture arm of Lockheed Martin Corporation (NYSE:
LMT), a global security and aerospace company. Machina Labs combines AI and
robotics to rapidly manufacture advanced sheet metal products. This latest
funding brings the total raised by Machina Labs to $21.8M.

The investment will be used to accelerate company growth to meet customer
demand, and to expand R&D into additional processes and metallurgical
offerings.

“At Machina Labs, we are creating the factory of the future; one where a
variety of designs and physical products can be produced on-demand and at
scale,” according to Edward Mehr, CEO and Co-Founder of Machina Labs. “With
Lockheed Martin’s investment, we can accelerate development of our sheet metal
Roboforming to better serve the need of the defense sector and give the United
States a competitive advantage in speed of development for national security
and defense products.”

“We aim to operationalize and scale solutions with speed and effectiveness so
the U.S. and our allies can stay ahead of emerging threats,” said Chris Moran,
vice president and general manager of Lockheed Martin Ventures. “We are
excited to work with Machina Labs in bringing their advanced and agile
manufacturing platform to our customers.”

Machina Labs uses robots the way a blacksmith uses a hammer creatively to
manufacture different designs and material, introducing unseen flexibility and
agility to the manufacturing industry. The companies’ manufacturing platform
combines the latest advances in robotics and AI so great ideas can quickly and
affordably turn to reality and businesses can benefit from rapid iteration to
bring more innovative products to market, faster.

Machina Labs combines the latest advances in AI and robotics to deliver
finished metal products in days – not months or years – and gives customers
unprecedented time to market and competitive advantage.

Robotic sheet forming is the first process enabled by Machina’s patented
manufacturing platform. Using material- and geometry-agnostic technology, the
platform outperforms traditional sheet forming methods that rely on custom
molds or dies.