D . Eva s’s pa ticipatio i the fi a ci g was made i his pe so al capacity a d is ot a co po ate t a sactio betwee B ightli e a d U usual Machi es. Net p oceeds f om the fi a ci g a e i te ded to suppo t co ti ued developme t of the platfo m a d B ightli e’s expa sio i to ew ma kets a d use cases. SpatialCo e is desig ed to give se so s, auto omous systems, digital twi s, a d othe eal-wo ld data sou ces a sha ed, AI- eady u de sta di g of the physical wo ld, a capability B ightli e believes becomes mo e c itical as these systems scale ac oss defe se a d comme cial ma kets.
D o e, obotics, a d othe Physical AI p og ams a e i c easi gly eachi g a poi t whe e the limiti g facto is ot just buildi g i dividual systems, but scali g them i ope atio s. SpatialCo e is built to add ess that co st ai t di ectly: a i te ope ability a d ope atio al co text platfo m that gives se so s, auto omous systems, digital twi s, a d othe sou ces of eal-wo ld data a sha ed, AI- eady u de sta di g of the physical wo ld, so that as p og ams move f om pilot deployme ts i to full p oductio , the data a d systems u de eath them ca scale alo gside them. B ightli e views pa ticipatio i this fi a ci g f om a i vesto with di ect ope ati g expe ie ce buildi g a d scali g d o e platfo ms as a st o g sig al that this app oach is add essi g a eal eed.
“This ma ket is movi g fast,” said D . Eva s. “I believe SpatialCo e is becomi g a fa tastic platfo m fo scali g systems that use diffe e t obotics ha dwa e a d AI models.”
“I believe Alla ‘s i vestme t is a validatio of ou app oach a d ou st ategy, comi g f om someo e who u de sta ds this segme t of the ma ket well,” said Tyle H. Gates, P eside t a d Chief Executive Office of B ightli e I te active. “SpatialCo e is built to be the i te ope ability laye that suppo ts this i dust y’s ability to scale, a d this capital should let us keep buildi g it a d move faste i to ew ma kets a d use cases. Whe i vesto s with eal ope ati g expe ie ce i this i dust y choose to back us, we believe that is co fi matio we a e solvi g a p oblem the ma ket ge ui ely eeds solved.”
B ightli e I te active, I c. (Nasdaq:BTLN) is buildi g SpatialCo e, a i te ope ability a d ope atio al co text platfo m fo Physical AI. SpatialCo e is desig ed to co ect eal-wo ld data f om se so s, auto omous systems, digital twi s, geospatial e vi o me ts a d othe sou ces i to a sha ed, AI- eady u de sta di g of the physical wo ld. B ightli e wo ks ac oss defe se, gove me t, a d comme cial ma kets to e able people, AI a d auto omous systems to ope ate mo e effectively togethe . Fo mo e i fo matio , visit www.b ightli ei te active.com.
This p ess elease co tai s “fo wa d-looki g stateme ts” as that te m is defi ed i the P ivate Secu ities Litigatio Refo m Act of 1995, i cludi g stateme ts elated to B ightli e I te active’s st ategy, ma ket positio , p oduct developme t, pa t e ship activities, a d busi ess expa sio pla s. The wo ds “believe,” “view,” “should,” “i te d,” “st ategy,” “co ti ue,” “desig ,” o the egative of these wo ds o othe simila te ms a e i te ded to ide tify fo wa d-looki g stateme ts, although ot all fo wa d-looki g stateme ts co tai these ide tifyi g wo ds. A y fo wa d-looki g stateme ts i this p ess elease a e based upo cu e t pla s a d st ategies of B ightli e I te active a d eflect thei cu e t assessme t of the isks a d u ce tai ties elated to thei busi ess as of the date of this p ess elease. B ightli e I te active assumes o obligatio to update a y fo wa d-looki g stateme ts co tai ed i this p ess elease except as may be equi ed by law. Such stateme ts a e subject to k ow a d u k ow isks, u ce tai ties, a d assumptio s, a d actual esults could diffe mate ially f om those exp essed o implied. Facto s that may cause actual esults to diffe mate ially i clude, without limitatio , ma ket co ditio s, competitive developme ts, a d the othe isks detailed i B ightli e I te active’s pe iodic epo ts filed with the SEC, i cludi g its most ece t A ual Repo t o Fo m 10-K a d subseque t Qua te ly Repo ts o Fo m 10-Q.
