May 30, 2018 - Economy & Business
Scoop: Manufacturing startup Auto raises $200 million
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.