CircuitHub has raised $28 million in a round led by Plural to expand automated electronics factories across Europe and the US
The company has already delivered more than 2 million circuit boards and serves 20,000 engineers working on technologies, including satellites and self-driving cars
Its automated manufacturing platform cuts electronics production timelines from months to days, targeting a trillion-dollar manufacturing market
CircuitHub has announced new funding to accelerate a new era of electronics production. The company’s latest funding injection stands as a $28 million Series A round. The investment was spearheaded by Plural, an operator-led venture capital firm founded by an experienced team of European tech heavyweights, including Taavet Hinrikus, Sten Tamkivi, Ian Hogarth, and Khaled Helioui.
Founded by Andrew Seddon, Rehno Lindeque, and Jon Friedman in 2011, CircuitHub is building what it calls the world’s first hyper-scale, high-mix electronics manufacturing system. While its first production facility was launched in Massachusetts to stay close to domestic customers, the company’s research and development roots are in Cambridge, UK, with a growing team in London and plans for a wider European manufacturing footprint.
