Massachusetts-based manufacturing accelerator Re:Build has secured $2.1 billion in a funding round led by General Catalyst and the Strategic Investment Group of JPMorganChase. The company plans to utilize these funds to increase its manufacturing capacity for hard tech products and to launch new industrial startups.
Founded in 2020 by former Amazon commercial CEO Jeff Wilke and Miles Arnone, Re:Build focuses on domestic industrial production. The company currently employs over 2,100 people across the United States and maintains more than 2.4 million square feet of manufacturing space.
The firm operates by partnering with industrial companies to design and manufacture products for sectors such as aerospace and defense, while also incubating startups in underserved markets. Over the past six years, the company reports having launched hundreds of products and production systems.
Re:Build previously spun out the EV startup Slate Auto in 2023. Since its inception, Slate Auto has raised at least $1.4 billion, including investment from the family office of Jeff Bezos, to develop a customizable, low-cost pickup truck.
