Tempo Automation raises $45M Series C for its turnkey circuit board manufacturing solution
Beat Automation, a San Francisco-based startup that abbreviates the time from model to generation for gadgets producers, reported today that it has raised a $45 million Series C driven by returning financial specialist Point72 Ventures. The round additionally incorporates new financial specialist Lockheed Martin and existing speculators Lux Capital and Uncork Capital.
The organization's turnkey arrangement enables producers to transfer a CAD and have it transformed into a circuit board in as meager as three days. Established in 2013, Tempo Automation's administrations are custom-made for low-volume makers and incorporate clients in a wide scope of enterprises, including aviation, purchaser hardware, car and medicinal tech.
Rhythm's last financing round was $20 million Series B in 2018. In its most recent subsidizing declaration, the organization said its Series C will be utilized for employing and to create programming that will make its assembling procedure snappier and progressively precise.
"Rhythm is rehashing gadgets producing by putting programming mechanization at the focal point of what they do. Rhythm's interconnected savvy plant is modernizing the assembling procedure, which enables them to convey a far unrivaled client experience. We see extensive market open door for Tempo, and we are satisfied to help their proceeded with development," said Point72 accomplice and Tempo Automation board part Sri Chandrasekar in a press explanation.
The organization's turnkey arrangement enables producers to transfer a CAD and have it transformed into a circuit board in as meager as three days. Established in 2013, Tempo Automation's administrations are custom-made for low-volume makers and incorporate clients in a wide scope of enterprises, including aviation, purchaser hardware, car and medicinal tech.
Rhythm's last financing round was $20 million Series B in 2018. In its most recent subsidizing declaration, the organization said its Series C will be utilized for employing and to create programming that will make its assembling procedure snappier and progressively precise.
"Rhythm is rehashing gadgets producing by putting programming mechanization at the focal point of what they do. Rhythm's interconnected savvy plant is modernizing the assembling procedure, which enables them to convey a far unrivaled client experience. We see extensive market open door for Tempo, and we are satisfied to help their proceeded with development," said Point72 accomplice and Tempo Automation board part Sri Chandrasekar in a press explanation.
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