● Covered by 1 source · 1 reportMedium impact1 neutral
Re:Build, manufacturing accelerator, raises $2.1 billion in funding round
Key points
- Re:Build raised $2.1 billion in funding.
- General Catalyst and JPMorganChase led the investment.
- Funds will expand manufacturing capacity and launch new industrial startups.
- Re:Build focuses on US-based manufacturing and supply chains.
Funding Announcement
Re:Build, a Massachusetts-based manufacturing accelerator, announced it has raised $2.1 billion. This funding round was led by General Catalyst and JPMorganChase’s Strategic Investment Group, with other investors undisclosed.
Strategic Use of Capital
The company stated the new capital will be used to expand its capacity for manufacturing hard tech products and to launch new industrial startups. This initiative aims to support the production of innovative products within the United States.
Focus on US Manufacturing
This investment aligns with a broader trend of increased attention and capital directed towards strengthening manufacturing and supply chains in the United States. Re:Build co-founder Jeff Wilke emphasized the company's mission to address the deindustrialization of America, viewing it as an economic failure and national security risk.
General Catalyst CEO Hemant Taneja echoed these sentiments, highlighting the importance of rebuilding American industrial capacity for economic and national security, particularly in competition with China.
Company Background and Operations
Founded in 2020, Re:Build describes itself as "America’s answer to Shenzhen." The company has ties to Amazon, with co-founder Jeff Wilke being Amazon’s former commercial CEO and Wei Gao, a former Amazon VP, serving as Re:Build’s chief digital and product officer. Other executives also have Amazon backgrounds.
Re:Build operates by partnering with industrial companies to design, engineer, and manufacture products across various sectors, including aerospace and defense. It also incubates startups in critical, underserved markets. The company claims to have launched hundreds of products and production systems and employs over 2,100 people in the U.S. across its network of companies.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Re:Build, a manufacturing accelerator that spun out EV startup Slate Auto, secured $2.1 billion in funding. The capital will expand Re:Build's capacity for manufacturing hard tech products and launching new industrial startups in the US.