The digitisation of how we manufacture goods, via the automation of information and data exchange, is known to industry experts as the transition to industry 4.0. What does that mean and what was industry 3.0? In 1970, computers were introduced to the manufacturing process, speeding up the planning, design, and building process for all. Just 5 short decades later, we’ve arrived at the next stage, version 4.0, of industry. Enter: Full Speed Automation which enables production agility with its intelligent automation software.
We’re excited to join Full Speed Automation on their journey in a $3.2m seed round led by our friends at HCVC (Hardware Club), with participation from Catapult Ventures, Serena Capital, Kima Ventures, Diaspora Ventures, and angel investors entrenched in the manufacturing industry. When we met Luc Leroy, Founder & CEO of Full Speed Automation, it was immediately clear to us that he knew the in and outs of this industry. After all, Luc was the man who drove the Core Automation Engineering team at Tesla to solve the Model 3 “automation hell”, helping make production profitable. While at Tesla, he also developed the team and set up the new controls and software architectures for Gigafactory Shanghai, battery cells, and Model Y production lines. In our minds, there is no one better placed to tackle this issue and accelerate the transition to industry 4.0.
Full Speed’s first product, VITESSE, is the world’s first no-code automated manufacturing platform, allowing fast production bring-ups and rapid iterations (Read more...)