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We are excited to announce a $260m Series C led by Founders Fund, Lux Capital, and Morgan Stanley for Factory Expansion financing. We're also welcoming new investors Altimeter and investments from existing investors Andreessen Horowitz, Construct Capital, 137 Ventures and many others. Lastly, but far from least, Delian Asparouhov led our original seed round, now leads our Series C, and is joining the Board of Directors as we scale out capabilities and facilities for the national mission. This capital will be deployed to help our customers and the DOD manufacture faster, at scale, and onshore with us - creating millions of new, advanced manufacturing jobs over the coming decade. We're also announcing: Factory 3 (4x the scale of Factory 2 for machining) in Arizona, online by Christmas 2025; Factories as a Service for parts, assemblies and products driven by DOD and Customer demand, and our entry into Welding, Casting, Additive and other manufacturing domains. Dedicated divisions for Maritime and Munitions to meet the scale and speed needed to reclaim our birthright as the industrial superpower of the world; And... 500k sqft of new R&D and HQ Space to enable rapid capability expansion. Grateful to our team, investors, partners and customers who believe in this mission. We’re just getting started.
