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Auto, a stealthy manufacturing tech startup led by former Autodesk co-CEO Amar Hanspal, has raised around $200 million in funding, Axios has learned from a source close to the company.

Quiet growth: The source adds that Auto was spun out of Flex around 10 months ago, and already has around 400 employees and "tens of millions of dollars in recognized revenue."

Flex is a minority shareholder, while other backers include Eclipse Ventures (led by ex-Flex exec Lior Susan).

Directors include Susan, Flex CEO Michael McNamara, former Autodesk CEO Carl Bass and Seagate exec chairman Steve Luczo.

Scoop: Manufacturing startup Auto raises $200 million

It quietly spun out of Flex, and already has 400 employees.

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Auto, a stealthy manufacturing tech startup led by former Autodesk co-CEO Amar Hanspal, has raised around $200 million in funding, Axios has learned from a source close to the company.Quiet growth: The source adds that Auto was spun out of Flex around 10 months ago, and already has around 400 employees and &quot;tens of millions of dollars in recognized revenue.&quot;

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Scoop: Manufacturing startup Auto raises $200 million

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