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Dive Brief:
The Advanced Manufacturing Company of America has raised $300 million in a series B funding round, bringing the startup’s value to $1 billion, according to a press release on Wednesday.
The funds will allow Amca to “create” and acquire more factories across the country and expand its artificial intelligence-powered platform, Rapid, across its manufacturing network, in a bid to ramp up deliveries of components that are “most essential” to being combat-ready and to fulfill tasks.
