Launchpad.build Secures Strategic Investment From Lockheed Martin Ventures

IRWINDALE, Calif.--(BUSINESS WIRE)-- Launchpad.build, a cutting edge U.S.-based technology company using AI to deliver next-generation capabilities in robotics and automation, has closed a strategic funding round with an investment from Lockheed Martin Ventures, the venture arm of Lockheed Martin.

Launchpad.build is a developer of AI-powered assembly planning software and autonomous assembly systems. Typical assembly methods require a high labor component or expensive, rigid automation infrastructure that requires high-rate, repeatable production to justify financially. Launchpad.build offers a “one-manufacturing-line-for-all” future with low-cost, small-batch systems that are assembled on demand. Agile and adaptive manufacturing processes and equipment that allow for design agility and economic efficiency will be critical for U.S.-based manufacturing to stay competitive in the global market.

“At Lockheed Martin, we want to stabilize our national security industrial base with an anti-fragility approach,” said Chris Moran, vice president and general manager of Lockheed Martin Ventures. “Launchpad’s vision in developing groundbreaking automated, yet highly variable and scalable, solutions aligns with our vision of agile and responsive manufacturing.”

Launchpad.build's cutting-edge technologies and forward-thinking approach have positioned the company as a frontrunner in automation with the unique ability to deliver solutions that are both cost effective, but also align with the flexibility and adaptability necessary to compete in the world of tomorrow. The investment from Lockheed Martin Ventures will help enable the company to take its innovative projects to the next level.

Yoav Zingher, Founder and CEO of Launchpad.build, expressed enthusiasm about the investment, stating, "We are honored to receive this investment from Lockheed Martin Ventures, and couldn’t imagine a better resource to have as we scale."

For more information about Launchpad.build, please visit http://Launchpad.build.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231115542100/en/

Jon Quick
CFO
[email protected]
650 255 6662

Source: Launchpad.build

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