Re:Build Raises $2.1 Billion to Expand U.S. Manufacturing Capacity
Manufacturing accelerator Re:Build has secured $2.1 billion in a funding round led by General Catalyst and JPMorganChase’s Strategic Investment Group. The Massachusetts-based company aims to utilize the capital to expand its hard tech manufacturing capabilities and launch new industrial startups, positioning itself as a domestic alternative to Chinese manufacturing hubs. Founded in 2020 by former Amazon executives, Re:Build operates through industrial partnerships and startup incubation, focusing on sectors like aerospace and defense. The company currently manages over 2.4 million square feet of manufacturing capacity and employs more than 2,100 people across its network. This massive capital injection underscores a growing trend of reinvesting in American industrial supply chains to mitigate national security risks.
Topics: Industrial Technology Manufacturing Supply Chain Venture Capital