Ideas, an electronics manufacturer, plans to increase manufacturing capacity through a new Internet factory and corporate headquarters in downtown San Francisco. Combined with its factory software, its overall capacity will increase 10 times in the next few years.
It is reported that hardware companies can use ideas’ service to prototype quick turn PCB assembly design and speed up its launch. Ideas are the world’s fastest manufacturer of printed circuit boards. The company’s advantage lies in networked manufacturing, so customers’ design data will directly interact with the robot in the factory, so there is no need to set up the program manually, and the manufacturing process is significantly accelerated.
For engineers, it also means that they can focus more on engineering than on project management. Engineers only need to upload CAD design. They can get a real-time quotation, and manufacturing design feedback, track orders in each process, and fully assembled circuit boards will be sent directly to their desks.
Ideas’ networking factory creates a complete digital thread, so every step of the process, from design data to machines, material suppliers, and technicians, is interrelated, which increases the iteration speed of customers by five times.
From rockets to medical devices to self-driving, leading companies today are scrambling to bring their ideas and concepts to market, says Jeff y, chief executive of ideas. However, the tools for designing and manufacturing hardware have not improved for decades. When developing new software, you have to wait for weeks and exchanged dozens of phone calls and emails to determine if the code is valid.
Tempo automation has recently completed a round B financing of US $20 million. This round of financing is led by p72 ventures, with existing investors including lux capital, uncork capital, and AME, as well as new investors, industry ventures, Dolby ventures, and Cendana.
This round of financing highlights the recent achievements of ideas, including the revenue growth of more than 500% in 2017; the plan to increase the number of employees from 60 to more than 100, especially the nearly 200 paying customers from the world’s leading technology companies; and the significant increase in the number of customers in key vertical fields such as aerospace, automobile, commercial hardware, consumer electronics, Internet of things (IoT) and medical equipment。