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Custom metal parts manufacturer SendCutSend has completed a Series B funding round led by Spark at a $2.1 billion valuation, with participation from CRV, MHS, Sequoia and Paradigm. The company, founded in Reno, Nevada, in 2018, was previously valued at $1.1 billion in a Sequoia-led Series A in the spring, and its customers include Waymo, Anduril and 60% of Fortune 500 companies. Co-founder Jim Belosic said he would rather put VC money directly into payroll, to hire people, buy buildings and expand production. There are no subsequent developments as of yet.
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Oct 20
Fortune Tech
SendCutSend closes funding at a $2.1 billion valuation: turning VC money into American metal manufacturing jobs
Custom metal parts manufacturer SendCutSend has closed a Series B round led by Spark at a $2.1 billion valuation, with participation from CRV, MHS, Sequoia and Paradigm. The company, founded in Reno, Nevada, in 2018, was previously valued at $1.1 billion in a Sequoia-led Series A in the spring, and its customers include Waymo, Anduril and 60% of Fortune 500 companies. Co-founder Jim Belosic said he would rather put VC money directly into payroll, to hire people, buy buildings and expand production.