Share story
Products Capital Infrastructure

Re:Build raises $2.1 billion to expand manufacturing and industrial startups

Re:Build raises $2.1 billion to expand manufacturing and industrial startups Image: Primary
Re:Build has raised $2.1 billion in a round led by General Catalyst and JPMorganChase's Strategic Investment Group. The Massachusetts manufacturing accelerator said Tuesday that it will use the money to expand its capacity to manufacture hard tech products and launch industrial startups. The company partners with industrial businesses to design, engineer and manufacture products, including in aerospace and defense, while also incubating startups. Re:Build says its network employs more than 2,100 people in the United States and has more than 2.4 million square feet of manufacturing capacity. It spun out electric-vehicle startup Slate Auto in 2023; other investors in the new round were not disclosed.
Sources
Startups | TechCrunch
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Startups | TechCrunch and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Capital
Capital

Former Benchmark investors raise $1.252 billion for Diffusion ONE

Former Benchmark investors Victor Lazarte and Kris Fredrickson have raised $1.252 billion for their debut AI fund, Diffusion ONE, TechCrunch reported from SEC filings. The total exceeds the $800 million target Forbes reported in M...

Venture Capital News | TechCrunch
Infrastructure Products
Infrastructure Products

ASM raises 2027 revenue forecast to more than €5.7B

ASM International raised its 2027 revenue forecast to more than €5.7B from above €4.6B forecast in July, as memory and advanced AI chipmakers expand production. The chip-equipment maker said the revised outlook would reach its 203...

The Next Web
Capital AI
Capital AI

Anthropic acquires Mithril Medicine and starts its own drug research

Anthropic says it has acquired Mithril Medicine, a one-person company developing treatments for two rare forms of muscular dystrophy, and begun running drug discovery programs itself. Founder Cody Tranbarger is continuing the rese...

anthropic.com
Capital AI
Capital AI

Avante raises $30M Series A for employee benefits platform

Avante raised a $30M Series A for its AI platform that helps companies manage employee healthcare and other benefits, GeekWire reported. The financing follows a $10M seed round in 2024 and adds capital to the employee benefits sof...

Techmeme
Robotics Capital
Robotics Capital

London robotics startup Machenta raises $40M seed round

London-based Machenta has raised a $40M seed round, Business Insider reports. The robotics startup is developing an AI model intended to teach robots new physical tasks after seeing them performed once, pursuing an approach that s...

Techmeme