Bright Machines SPAC Merger Bolsters Shift to Software Defined Manufacturing

Subscribe To Read This Insight

By Ryan Martin | 2Q 2021 | IN-6166

 

Software Defined Manufacturing

NEWS


California-based Bright Machines has entered into a definitive agreement to become a public company through a merger with SCVX, a special purpose acquisition company (SPAC). Bright Machines provides a combination of proprietary software and adaptive hardware that automate repetitive tasks to enable manufacturers to quickly deploy flexible, autonomous production lines that can be scaled based on market demand. The transaction is set to close in the second half of 2021 and represents the building momentum behind the nascent yet critical arena for software-defined manufacturing solutions.

Inception to $1+ billion in Three Years

IMPACT


Bright Machines has grown to more than 500 employees, including about 150 software engineers, and counts 25 global, blue-chip customers that span industries such as network infrastructure, data centers, automotive, consumer products, medical devices, and industrial equipment. Bright Machines has doubled revenue each year since its inception in 2018 and projects a 5-year CAGR of 84% from 2020 to 2025. The tra…

You must be a subscriber to view this ABI Insight.
To find out more about subscribing contact a representative about purchasing options.