Daedalus Raises $21M in Series A Funding
Summary
The round was led by NGP Capital, with further participation from its existing investors, including Addition and Khosla Ventures. The company further develop its proprietary Manufacturing AI Platform and scale its production facilities in Germany. Founded by CEO Jonas Schneider, Daedalus is on a mission to build factories for precision parts. Commenting on the news, Jonas Schneider said: “Imagine factories that possess the collective knowledge and expertise of all engineers and machinists who have ever worked in them, and can produce the most challenging parts with superhuman reliability and 10x efficiency. Daedalus is already making that vision real by revolutionizing how we build everything from microchips to critical medical components—unleashing the potential of numerous industries with our AI-powered factories that forge bespoke parts on demand.