Florida's advanced manufacturing industries are diverse and include sectors producing intermediate and finished products ranging from plastics and micro-electronics to tortillas and motor vehicles.
Xometry, an on-demand manufacturing marketplace, announced that it has completed an $75 million equity round, led by funds and accounts advised by T. Rowe Price Associates Inc. Durable Capital Partners LP and ArrowMark Partners.
An Israeli company has developed new artificial intelligence technology that promises to dramatically change how original equipment manufacturers and their suppliers conduct quality control inspections.
Medical manufacturing, like other industries, faces intensive demands for improved productivity. As a result, many manufacturers are focused on achieving greater efficiencies and precision in making small parts.
In March 2020, the World Health Organization (WHO) officially declared the novel coronavirus (COVID-19) outbreak a pandemic. Manufacturers are dealing with the fact that the virus has exposed the fact that many domestic (North American-based) brands rely significantly upon China for fulfilling some, part, or nearly all, of their supply chain.
Difficult materials and high-speed machining don’t just present problems for cutting tools. They can also push toolholders to their limits—and beyond. So manufacturers offer a variety of products designed to get the toolholding job done under extreme machining conditions.
Despite the challenges of COVID-19, research and expert analytics predict market growth in the near future for manufacturing in numerous industries, many of which rely on parts and components that require precision grinding.
Providing a full range of machines, automation, and software mirrors the important trends in the industry as well.
Vision AI software company Neurala announced a new strategic partnership with global manufacturing leader IMA Group.
CGTech, the developer of VERICUT software, and Makino Milling Machine Co. Ltd., a leader in CNC machine tools technology, have renewed their strategic corporate partnership to better serve the mutual customer base of the two companies.