BERKELEY, CA / ACCESSWIRE / July 17, 2024 / Solideon, a pioneering robotics-enabled manufacturing company in the aerospace and defense industries, has oversubscribed its pre-seed round. Within 18 months of being incorporated and graduating from Techstars Space, the company surpassed its initial $5,000,000 goal.
Solideon's pre-seed round included notable defense-tech and dual-use investors. The round saw participation from investors including 8090 Industries, 1517 Fund, Stellar Ventures, Boost VC, 10X Founders, Pathbreaker Ventures, AIN Ventures, Tiny VC, MD One Ventures, Reinforced Ventures, Techstars Space, Capital Factory, Vibe Capital, Gaingels, and other strategic investors.
This significant influx of capital marks a pivotal moment for Solideon, enabling the company to accelerate its growth and advance its mission of revolutionizing manufacturing. The funds will be allocated to scaling production in Solideon's 20k sq. ft. manufacturing facility, building additional manufacturing cells, and developing a forward-deployable robotic system. These advancements are crucial for achieving Solideon's vision of scalable and versatile production capabilities, including in-space manufacturing.
Several factors contributed to the success of Solideon's fundraising efforts. The recent release of Congress's budget with initiatives like the replicator program enables companies like Solideon, who are building a flexible manufacturing solution that can be forward deployed. Over the past six months, Solideon has honed its vision and strategic focus under the leadership of Oluseun Taiwo, the company's founder.
"The real work starts NOW. We are on a mission to Rebuild America's Industrial base first and eventually humanity's industrial base throughout the solar system. We have an amazing support system in the way of our venture partners, and are blessed to be able to work with them to execute on our ambitious vision," said Taiwo.
The company's commitment to revitalizing U.S. manufacturing resonated strongly with many investors and customers, highlighting a vision of systematically reindustrializing the United States in a time of bubbling tensions and international conflicts. Additionally, Solideon's innovative use of advanced robotics, in addition to both additive and subtractive manufacturing capabilities, solves global manufacturing challenges and supply chain constraints that have been exposed for years.
With the new funding, Solideon has already achieved key milestones, including securing a state-of-the-art manufacturing facility and building out its manufacturing cell. Future goals include scaling production, advancing technological development, and initiating in-space manufacturing trials. The development of forward-deployable robotic systems is a critical step towards achieving Solideon's vision of operating anywhere.
About Solideon:
Solideon is revolutionizing aerospace manufacturing, leveraging advanced technologies like artificial intelligence, robotics, and additive manufacturing. With a commitment to sustainability and cutting-edge engineering, Solideon aims to surpass traditional manufacturing limitations, designing and manufacturing components with unprecedented efficiency and adaptability. Their innovative approach minimizes material waste and energy consumption, setting new standards for environmentally conscious aerospace exploration. Through collaborative robotic systems and AI-powered design optimization, Solideon is redefining aerospace manufacturing, ensuring rapid, cost-effective production of entire vehicles while fostering a culture of innovation and collaboration. To learn more, visit solideon.com.
Contact Information:
Company: Solideon
Address: Berkeley, CA
Email: info@solideon.com
Website: solideon.com
SOURCE: Solideon
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