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Shinhan Investment Corp has invested $5 million in the U.S. smart factory company Bright Machines.

Business / Kim SangJin / 06/28/2024 03:07 AM

(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Sangjin] Shinhan Investment Corp. announced on the 27th that it has invested $5 million in Bright Machines, a U.S. company specializing in smart factory solutions for data center servers. 

 

Bright Machines focuses on factory automation and has demonstrated its technological capabilities through equipment deliveries to companies like Amazon and Dell. With the proliferation of AI technologies such as generative AI, its automation solutions are expected to address the global big tech sector's shortage in data center supply.

This investment round, totaling $126 million, also saw strategic participation from NVIDIA, Microsoft, and Zymergen. Major institutional investors such as BlackRock joined Shinhan Investment Corp. in providing financial support. With this funding, Bright Machines plans to develop cloud-based digital twin technologies and ramp up production of equipment for disassembling and reassembling data center servers.

 

 

 

AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)

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