Arda Industries secures $232 million for factory AI software

First reported by The Next Web at · Updated · 2 sources

Founded by former OpenAI research chief Bob McGrew, the company makes software that turns product designs into working assembly lines, according to The Next Web. The publisher reports that the funding includes a $160 million Series A valuing Arda at $1.5 billion, co-led by Altimeter, Accel and Khosla.

  • SiliconANGLE also lists Founders Fund, XYZ Venture Capital, 8VC, SVAngel and Felicis among investors.

Covered by 2 publishers within 4 hours of the first report.

Reporting2

The Next Web Ex-OpenAI research chief Bob McGrew’s Arda raises $232M for US factories · Cristian Dina
SiliconANGLE Arda Industries raises $232M to make production lines more adaptable · Maria Deutscher

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Topics OpenAI