Assembly

Advanced manufacturing and distribution solutions (for China-based…

Employees
11–50
Founded
2014
Business Model
B2B
Website
asm.co
Total Funding
$2.9M
Last Round
$2.9M SeedNov 2014
Rounds
1

About

Crowdfunding has fueled an increase in innovative product companies turning to Chinese factories for production. Yet, Chinese factories seem undifferentiated because they all make the same, unverifiable claims of excellence. This results in competition centered on price. Factories are forced to under-bid contracts to win business, but often, they later surprise the customer with quality problems and delays. This process is broken. We install cameras and remote monitoring software on the assembly line, and this ensures compliance with test protocol, improves quality, reduces liability, and helps fight warranty fraud. We charge a nominal per-unit fee to the OEM and revenue share with the factory when they demonstrate compliance with quality standards (whether units pass or fail). It encourages better behavior from factories and rewards those who perform with an audit trail of good performance that helps them win new foreign business. On average, defect rate will fall 75% within 5 months of deploying Assembly at a factory.

Tech & App Stack

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Funding History

SeedNov 2014
$2.9M

Investors

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