https://techcrunch.com/2021/05/17/industrial-automation-startup-bright-machines-hauls-in-435m-by-going-public-via-spac/

Bright Machines is going public via a SPAC-led combination, it announced this morning. The transaction will see the 3-year-old company merge with SCVX, raising gross cash proceeds of $435 million in the process.

After the transaction is consummated, the startup will sport an anticipated equity valuation of $1.6 billion.