Business2 sources
Arda Industries, founded by ex-OpenAI chief, raises $232M for US factories
- Arda Industries, founded by Bob McGrew, raised $232M in funding.
- The company's AI software converts new product designs into working assembly lines.
- The funding includes a $160M Series A at a $1.5B valuation.
- Investors include Altimeter, Accel, and Khosla Ventures.
- Arda aims to revive U.S. manufacturing using AI technology.