Former Autodesk CEO Carl Bass and former interim co-CEO Amar Hanspal have joined forces to establish an autonomous manufacturing startup called AutoLab AI, which has already raised $133 million, with an anticipated $200 million in total funding, according to Engineering.com. Per a U.S. Securities and Exchange Commission (SEC) regulatory filing, Hanspal will be president and CEO of the new venture with Bass serving as the director.
According to an Axios article, AutoLab "was spun out of Flex around 10 months ago, and already has around 400 employees and 'tens of millions of dollars in recognized revenue.' "
However, according to the SEC document, AutoLab was officially founded in March of this year in Delaware. The company currently lists its offices at the same address of venture capital firm, Eclipse Ventures. AutoLab is not yet named to the firm's portfolio.
Bass was the company's president and CEO from 2006 until 2017. After his departure, Haspal and Andrew Anagnost served as co-CEOs from February 2017 until June 2017, when Anagnost took over the role full-time.
This is a developing story.
