By Stephen Nakrosis
The artificial intelligence and robotics company Machina Labs on Thursday said it closed a $32 million Series B funding round, which was led by a new investor, Nvidia’s venture capital arm NVentures, and existing investor Innovation Endeavors.
The latest funding brings the total raised by the company to $45 million.
Machina will use proceeds to meet accelerating customer demand and intensify research initiatives, among other purposes, it said.
The company said it “combines AI and robotics to rapidly manufacture advanced composite and metal products.”
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