Launchpad.build secures investment from Lockheed Martin Ventures
November 22, 2023
Launchpad.build, a developer of AI-powered assembly planning software and autonomous assembly systems based in Irwindale, California, USA, has closed a strategic funding round with an investment from Lockheed Martin Ventures, the venture arm of Lockheed Martin.
“At Lockheed Martin, we want to stabilise our national security industrial base with an anti-fragility approach,” shared Chris Moran, vice president and general manager of Lockheed Martin Ventures. “Launchpad’s vision in developing groundbreaking automated, yet highly variable and scalable, solutions aligns with our vision of agile and responsive manufacturing.”
Traditional assembly methods often require either labour-intensive processes or costly, inflexible automation infrastructure that needs high-rate, repeatable production for financial justification. In contrast, Launchpad.build proposes a ‘one-manufacturing-line-for-all’ solution, including affordable, small-batch systems that are assembled on demand.
Launchpad.buid is said to offer agile and adaptive manufacturing processes and equipment, enabling design flexibility and economic efficiency which are considered essential for US-based manufacturing to stay competitive in the global market.
Yoav Zingher, Founder and CEO of Launchpad.build, stated, “We are honoured to receive this investment from Lockheed Martin Ventures, and couldn’t imagine a better resource to have as we scale.”
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