Daedalus, a leading technology company based in Karlsruhe, Germany, announced the successful closure of a $21 million Series A funding round led by NGP Capital, with continued support from existing investors Addition and Khosla Ventures.
Daedalus, under the leadership of Founder and CEO Jonas Schneider, is dedicated to building the world’s most advanced factories using AI. The recent funding will be utilized to enhance Daedalus’ proprietary Manufacturing AI Platform and expand production facilities in Germany.
The Manufacturing AI Platform automates the entire manufacturing process, focusing on high-precision and high-mix parts, from quoting to delivery. By employing a software-defined approach, Daedalus minimizes human intervention, achieving unparalleled efficiency in producing new parts.
Schneider envisions the future of manufacturing as factories with collective knowledge, creating intricate parts with superhuman reliability and efficiency. Daedalus is actively realizing this vision, revolutionizing manufacturing from microchips to critical medical components with AI-powered factories that customize parts on demand.
Highlighting challenges in precision manufacturing, Schneider noted, “While our software-driven factory has already addressed significant pain points, we are only scratching the surface of our journey.”
Daedalus is positioned as “Europe’s most modern contract manufacturer,” providing end-to-end automation and instant reconfigurability. Capabilities extend to various sectors, including semiconductors, energy, mobility, and pharmaceuticals.
In addition to NGP Capital’s lead, Daedalus’ Series A funding received continued support from existing investors Addition and Khosla Ventures.