Company Name: Daedalus
Sector: Manufacturing AI Platform for Precision Parts
Funding Details: Received funding led by NGP Capital, with participation from existing investors, including Addition and Khosla Ventures. The investment will be used to further develop its proprietary Manufacturing AI Platform and scale its production facilities in Germany.
Purpose of Investment: To expand the development of the Manufacturing AI Platform, scale production facilities in Germany, and meet the growing demand for precision parts across various industries.
Leadership: Jonas Schneider, CEO
Product: Daedalus operates software-controlled and automated production facilities that utilize AI to automate manual tasks involved in production. This approach allows for the efficient production of new parts with minimal human intervention, enabling superhuman precision, reliability, and speed in manufacturing.
About Company: Daedalus is pioneering a new era of manufacturing for precision parts. With its first 50,000 sqft factory already operational in Germany, the company serves critical sectors such as semiconductor, defense, energy, e-mobility, and medical industries. Daedalus's AI-powered factories aim to revolutionize manufacturing by producing bespoke parts on demand with unparalleled efficiency.