en.Wedoany.com Reported - US custom manufacturer SendCutSend has completed a $110 million funding round, reaching a valuation of $1.01 billion. Investors include Sequoia, Paradigm, and Stripe co-founders Patrick Collison and John Collison.
Headquartered in Reno, Nevada, the company plans to use the funds to launch a five-year initiative aimed at strengthening the US industrial base, which includes investing $1 billion in creating new American manufacturing jobs and sourcing domestic raw materials. The company has also allocated over $250 million to expand existing facilities and establish new manufacturing centers across the United States.
SendCutSend offers laser cutting, CNC machining, and finishing services by combining a software-first logic with high-speed domestic production, supporting instant purchasing. The company aims to become America's "universal factory," promising part delivery in as fast as 24 hours. Over the past eight years, it has been developing a model that allows users to get instant quotes and quickly initiate production.
The company stated that it previously operated primarily on self-funding, with its main source of capital being $6 million from friends and family. Founder Jim Belosic believes that now is the right time to accept investment to meet the speed and capacity required for the rapid re-industrialization of the US economy.
The funds are being used to acquire advanced equipment and new facilities, bringing the company closer to new capabilities, a broader product selection, lower prices, and faster production cycles. To date, SendCutSend has shipped over 30 million parts to approximately 300,000 customers, covering key enterprises in sectors such as aerospace, automotive, defense, data centers, robotics, automation, and transportation. Products include flight-ready hardware for commercial space projects and physical infrastructure for data centers.
Belosic stated that the influx of external capital has not changed the company. He mentioned on social media that he still controls the company, can continue to make bold bets and set direction and vision, and now has significant capital to deploy for customers. He encouraged competitors to copy his business model, stating that while building a manufacturing company in the US is difficult, if he can do it, others can too.
Belosic mentioned that he started the company using credit cards, savings, PayPal loans, and bank-owned machines, but these experiences made him stronger. He believes that America's re-industrialization needs to be achieved by building actual companies, buying actual machines, hiring actual people, and delivering actual products. He concluded by suggesting putting a "buy now" button on the website.
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