Whether they are building products from rockets to medical devices to autonomous cars, engineers at today’s leading companies are racing to get their ideas and concepts to market faster. Yet, the tools to design and manufacture hardware have not improved in decades—until Tempo’s connected factory.
We are excited to share that Tempo has closed a $20 million Series B to bring rapid PCBA prototyping to many more engineers in the coming months and beyond. The round was led by P72 Ventures with participation from existing investors Lux Capital, Uncork Capital, Draper Associates, Golden Seeds, and AME, as well as new investors Industry Ventures, Dolby Ventures, and Cendana. This financing means that we will be scaling up by building a new, advanced connected factory and hiring across the company—from software engineering to sales to manufacturing. Be sure to check our Join Us page regularly!
We have some exciting product announcements to share in the coming months—but for now, some details on the factory:
- The new factory is based in SOMA and is currently in build-out, with an expected move-in this summer. This will be Tempo’s new headquarters
- At over 42,000 sq. ft., Tempo’s capacity will expand to handle up to 5 full production lines
- Our software-driven automation and the new factory will increase overall manufacturing capacity by 10X over the next few years
- We plan to nearly double staff from 60 to over 100, specifically in key roles across engineering, sales, and manufacturing by the end of 2018
Tempo’s growing team in the current factory in Dogpatch, San Francisco
At Tempo, our purpose is to make it possible for engineers to explore and realize bigger ideas further and faster. When developing new software, it would be unimaginable to have to wait weeks and trade tens of phone calls and emails just to see if your code works or not. Yet, that’s the daily experience of many electrical engineers today. What if this cycle of iteration was faster? We believe unimaginable breakthroughs for human progress are possible when we can explore ideas by cycling rapidly between conception and realization. Our goal is to accelerate this cycle of iteration to faster and faster speeds.
Over the last few years, we’ve built software and a manufacturing process that enables engineers to prototype up to 5X faster for a single design. This is enabled by an unbroken digital thread, which means that software directly connects the design data that our customers upload to the robots on our factory floor. This eliminates manual setup and drastically speeds up the manufacturing process. We use computational geometry and machine learning to build this digital thread from design to delivery—to be able to configure the connected factory for a new, custom design instantaneously.
For engineers, this also means they can focus more on engineering, and less project management. Engineers simply upload a CAD design, get a real-time quote and Design for Manufacturing (DFM) feedback, track the order through each process, and get fully assembled boards straight to their desk.
A rendering of Tempo’s new connected factory in SOMA
With our new financing, we are excited to have Sri Chandrasekar from P72 join our board. Having experienced the frustrations of electronics development firsthand, he shares our mission to create a new electronics manufacturing paradigm by building an unbroken digital thread from design to delivery.
Some more details on what we’ve been up to:
- Growth in revenue of over 500% in 2017 alone
- Accelerating enterprise traction, counting nearly 200 customers from the world’s leading technology enterprises across aerospace, automotive, commercial hardware, consumer electronics, internet of things (IoT), and medical devices
- To date, Tempo has raised nearly $30 million in funding from investors including P72 Ventures, Lux Capital, AME, Bolt, Cendana, Dolby Ventures, Draper Associates, Golden Seeds, Incite Ventures, Industry Ventures, OS Fund, and Uncork Capital
If you (or anyone you know) are an electrical engineer interested in getting your product to market faster, we would love to help.
If you (or anyone you know) are excited about joining our team to help electrical engineers bring exceptional products to market, we would love to hear from you.