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Robots-as-a-Service Provider Plans to Use Series A Financing to Bring Automation to More U.S. Manufacturers

Jul 31, 2024

Formic’s growing fleet of robotic equipment has reportedly completed 100,000 production hours at more than 99 percent uptime. CHICAGO—Formic, a provider of robots-as-a-service (RaaS) automation for U.S. manufacturers, said in a release that it raised another $27.4...

AFL Is Working to Expand its U.S. Fiber Optic Cable Manufacturing Operations

Jul 31, 2024

A $50 million-plus investment will enable the company to increase production capacity to meet rising demand for fiber optic cable. DUNCAN, S.C.—AFL, a manufacturer of fiber optic cables and connectivity products and equipment, reported in March an investment of more...

Los Angeles-Based Spacecraft Manufacturing Company Looks to Increase Production of U.S.-Made Satellite Buses

Jul 31, 2024

Fresh off a $95 million Series B funding round, Apex will use its productized platform to expand its family of satellite buses and manufacture them at scale. LOS ANGELES—A recent $95 million Series B funding round will help spacecraft manufacturing company Apex scale...

Heyco-Werk USA Breaks Ground on New Manufacturing Facility in North Carolina

Jul 31, 2024

The manufacturer will produce injection molded parts for automakers at the 65,000-square-foot facility in Gaston County. DALLAS, N.C.—Plastic injection molding supplier Heyco-Werk USA Inc., recently broke ground on its new manufacturing facility in Gaston County,...

Energy Technology Company Marks Milestones in U.S. Manufacturing Strategy

Jul 31, 2024

Manufacturing in the U.S. via prominent electronics contract manufacturers, SolarEdge recently shipped the first 20,000 domestic-content power optimizers from a facility in Florida. MILPITAS, Calif.—SolarEdge Technologies, Inc., a developer of smart energy technology,...
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