Tempo Automation is a US-based startup that is revolutionizing the process of innovation and product development in the electronic industry. The company's slogan "Tempo Automation is transforming the way companies innovate and bring new electronic products to market" encapsulates its mission to bring about a paradigm shift in the industry. Tempo Automation's breakthrough software-automated PCBA manufacturing platform is designed to deliver unmatched speed, quality, and transparency. This is particularly crucial during the critical stages of a product’s lifecycle, from prototype through new product introduction, where rapid iteration and time to market are paramount. The company's client base comprises leading innovators in various industries including aerospace, medical technology, semiconductor, industrial technology, and automotive. These clients rely on Tempo Automation for the strategic advantage it provides in accelerating their time to market. The startup, founded in 2013, operates in a wide range of industries such as Automation, Consumer Electronics, Government and Military, Industrial, IoT, Manufacturing, Semiconductor, and Automotive. In its most recent funding round on 23 November 2022, Tempo Automation secured a significant $79.00M Post-IPO Debt investment. The investors in this round included Structural Capital, SQN Venture Partners, and Ace Equity Partners. The influx of funds suggests confidence from investors in the potential and growth prospects of Tempo Automation. As the company continues to establish itself as a disruptive force in the electronic manufacturing industry, its ability to attract substantial investments will play a pivotal role in its future trajectory.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Post-IPO Debt | $79.00M | 3 | 23 Nov 2022 | |
Post-IPO Equity | Unknown | 4 | Point72 Ventures | 23 Nov 2022 |
Convertible Note | $200.00M | 1 | 19 Jan 2022 | |
Series C | $45.00M | 6 | Point72 Ventures, Alumni Ventures | 14 May 2019 |
Series B | $20.00M | 7 | Point72 Ventures | 04 Aug 2017 |
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