First Resonance Raises New Round To Make Hardware Manufacturing Easier
/Los Angeles-based First Resonance closed a new funding round led by Blue Bear Capital as the company looks to help customers with their Industry 4.0 evolution.
No amount was given for the new round, but the company now has raised $5.3 million to date since being founded in 2018.
First Resonance has grown from zero customers at the beginning of last year to 17 now, and expects to at least double that number by the end of the year, said founder and CEO Karan Talati.
The company plans to use the new money to continue developing its ion manufacturing platform, which helps engineers through the design, manufacturing and product stages of hardware development. However, whereas the previous era of manufacturing focused on robotics and automation, First Resonance’s platform allows for the continuous innovation and updating now expected in the Industry 4.0 era, Talati said.