2 days Ago By Yeon Choul-woong
Shinhan Securities announced on June 27th that they have invested $5 million in Bright Machines, a U.S.-based smart factory company specializing in assembly line automation for data center servers.
Bright Machines leads in assembly factory automation with AI technology, focusing on the data center server market. The company has proven its technological prowess and cost-efficiency by supplying related equipment to major players like Amazon, the top player in the data center industry, and Dell, the world's leading server manufacturer. Such automation solutions are expected to be attractive to global tech giants facing data center supply shortages due to the proliferation of technologies like generative AI.
In the Series C round of funding totaling $126 million, strategic investors such as NVIDIA, Microsoft, and Jabil, leading global companies in AI industries, participated alongside Shinhan Securities, with financial investors like Blackrock, the world's largest asset manager. With this investment, Bright Machines plans to develop cloud-based digital twin technology and produce equipment for data center server dismantling and reassembly as part of electronic waste recycling efforts. Shinhan Securities, as an executing member of the consortium, continues to seek investment opportunities in industries with proven growth potential due to the spread of new technologies.
In May, the company invested in the global electrolysis company Hysata, and it has also made investments in promi.
