FLORENCE, AL — March 10, 2023 — Shoals Manufacturing AI, a leading innovator in manufacturing technology, announced today that it has raised $9 million in new funding. This investment will enable the company to further develop its artificial intelligence-powered manufacturing solutions. The funding round was led by prominent venture capital firms and individual investors, who recognize the vast potential of AI in transforming the manufacturing industry. Shoals Manufacturing AI will utilize the funds to expand its research and development team, enhance its product offerings, and explore new market opportunities. The company's cutting-edge technology has already gained significant traction, with several major manufacturers adopting its solutions to improve efficiency and reduce costs. With this new funding, Shoals Manufacturing AI is poised to accelerate its growth and solidify its position as a pioneer in the manufacturing AI sector. Shoals Manufacturing AI's innovative approach has garnered attention from industry leaders and investors alike, demonstrating the company's potential for long-term success. The company's commitment to delivering exceptional solutions and services has earned it a reputation as a trusted partner in the manufacturing industry. The funding is a testament to the company's progress and the confidence of its investors in its ability to drive innovation and growth in the manufacturing sector. About Shoals Manufacturing AI: Shoals Manufacturing AI is a technology company that develops and implements AI-powered solutions for the manufacturing industry, enhancing efficiency, productivity, and competitiveness.