Manufacturing automation is when technology is used to automate the production process; this can be through either equipment, or software. The industry is quite old, but increasingly every industry is using automation in order maximize their productivity.
From Chipotle to Tesla, is using automation to improve scale, efficiency, and reduce error. In fact, automation has become a top priority for venture-capital, and with labor shortages increasing, automation will only continue to grow globally.
Lux Capital is an early-stage venture capital fund, located in New York City. The company focuses on Series-A capital and looks to invest in startups that revolve around, ‘emerging technologies’ such as automation. The fund invests across industries including, 3D printing, AI, manufacturing, fintech, energy, etc. They invested in prominent automation technology firms including Tempo, and Formic technologies.