
Assembly
Assembly is a logistics company in South San Francisco, United States, founded in 2014. It has raised $2.9M across 1 round, most recently a $2.9M Seed in November 2014.
Advanced manufacturing and distribution solutions (for China-based…
- Headquarters
- South San Francisco, California
- Employees
- 11–50
- Founded
- 2014
- Business Model
- B2B
- Website
- asm.co
- Total Funding
- $2.9M
- Last Round
- $2.9M SeedNov 2014
- Rounds
- 1
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 1 funding round and 2 investors for this company. The full record is or through the API.
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.
Summary
It lists 11–50 employees. It has raised $2.9M in total across 1 round, most recently a $2.9M Seed round in Nov 2014. Investors include Menlo Ventures and Y Combinator.
Tech & App Stack
4 technologies & apps tracked
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Funding History
Nov 2014
Investors
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