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. The investment will be used to expand the company's research and development efforts, driving advancements in artificial intelligence and machine learning for the manufacturing sector. This latest round of funding demonstrates the confidence of investors in Shoals Manufacturing AI's vision and capabilities. The company's cutting-edge solutions have been gaining traction, offering manufacturers enhanced efficiency, productivity, and quality control through AI-driven insights and automation. Shoals Manufacturing AI plans to utilize the funds to enhance its product offerings, including the development of more sophisticated predictive maintenance tools and the integration of real-time data analytics. This expansion will enable the company to better serve its growing client base and further establish itself as a pioneer in the manufacturing AI landscape. The funding round was led by prominent venture capital firms, underscoring the potential for significant growth in the manufacturing technology sector. Shoals Manufacturing AI's success in securing this investment reflects its commitment to innovation and customer satisfaction. About Shoals Manufacturing AI: Shoals Manufacturing AI is a Florence, AL-based company specializing in AI solutions for the manufacturing industry, aiming to revolutionize production processes through technology.