Tempo is making printed circuit boards in San Francisco. Photo: Tempo Automation.

Manufacturing printed circuit boards in San Francisco sounds crazy given the high cost of labor and real estate, but Tempo Automation has raised $20 million to do just that.

The bottom line: Tempo isn't building production runs like one would get from Shenzhen. Instead, it is focused on getting quick prototypes to Bay Area tech firms looking to rapidly iterate on a design.

The latest: The new $20 million in funding is designed to help fund a 42,000-square-foot factory — Tempo's second — in San Francisco's SOMA neighborhood. It's already running at capacity at its current 8,000-square-foot facility. The money should allow the company to nearly double its current staff of around 60.

The round was led by P72 Ventures with participation from existing investors Lux Capital, Uncork Capital and AME, and new investors Dolby Ventures, Industry Ventures and Cendana.

What it's up to: CEO Jeff McAlvay says he can't give client names, but says his factory has cranked out parts for phones, robots and even rockets and autonomous cars.

“One of the things I enjoy is the range of products that we get to play a small part in bringing to market," McAlvay told Axios.

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Why it matters: This is the group's biggest election cycle effort yet, part of a larger $45 million investment ahead of November's election, and provides a glimpse of how Democrats are trying to take down President Trump on women's health issues while boosting Joe Biden as the alternative.

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Updated 21 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5 a.m. ET: 12,910,357 — Total deaths: 569,128 — Total recoveries — 7,116,957Map.
  2. U.S.: Total confirmed cases as of 5 a.m. ET: 3,304,942— Total deaths: 135,205 — Total recoveries: 1,006,326 — Total tested: 40,282,176Map.
  3. States: Florida smashes single-day record for new cases with over 15,000 — NYC reports zero deaths for first time since pandemic hit.
  4. Public health: Ex-FDA chief projects "apex" of South's curve in 2-3 weeks — Testing czar: Lockdowns in hotspots "should be on the table"
  5. Education: Betsy DeVos says schools that don't reopen shouldn't get federal funds — Pelosi accuses Trump of "messing with the health of our children."