A new generation of manufacturing startups is reshaping the industrial world with innovation, automation, and intelligence. Armed with $ 100 M+ in funding, these companies are building cutting-edge solutions—from smart factories and robotics to sustainable production and advanced materials. They’re not just upgrading processes—they’re reinventing how things are made.
20 Smart Manufacturing Startups Leading the Industry’s Next Leap
With major backing and bold ideas, these 20 startups are leading the charge toward a faster, smarter, and greener future for manufacturing.
Let’s take a closer look at the trailblazers transforming the industry.
| Company | Founded | Location | Employees | Last Funding (Date) | Last Amount | Total Funding |
|---|---|---|---|---|---|---|
| Revelyst | 2023 | Anoka, MN, USA | 1,001–5,000 | Sep 13, 2024 | $150M | $150M |
| GondolaBio | 2024 | Palo Alto, CA, USA | 11–50 | Aug 16, 2024 | $300M | $300M |
| Highland Materials | 2023 | Johnson City, TN, USA | 201–500 | Apr 19, 2024 | $255.6M | $255.6M |
| SM Toys | 2016 | Indore, India | 101–250 | Nov 26, 2024 | ₹1.1B | ₹1.1B |
| MediThinQ | 2018 | Seongnam, S. Korea | 11–50 | Mar 11, 2025 | ₩12.4B | ₩14.9B |
| Hannuo Medical | 2018 | Shenzhen, China | 51–100 | Jun 21, 2024 | CN¥100M | CN¥200M |
| Ferroglobe | 2015 | London, UK | 1,001–5,000 | Feb 5, 2024 | $147.6M | $147.6M |
| Vianode | 2020 | Oslo, Norway | 101–250 | Apr 14, 2025 | NOK400M | $171.5M |
| PXP | 2020 | Sagamihara, Japan | 11–50 | Dec 4, 2024 | ¥1.5B | ¥1.5B |
| EuroAPI | 2021 | Paris, France | 1,001–5,000 | Oct 10, 2024 | €755M | €755M |
| PanTera | 2022 | Mol, Belgium | 11–50 | Sep 11, 2024 | €100.2M | €134M |
| HyperAccel | 2023 | Seoul, S. Korea | 11–50 | Dec 18, 2024 | ₩55B | ₩55B |
| Atomgrid | 2023 | Bengaluru, India | 11–50 | May 8, 2024 | ₹100M | ₹100M |
| Scimplify | 2023 | Bangalore, India | 51–100 | Aug 1, 2024 | ₹590M | ₹590M |
| Green Flexibility | 2023 | Kempten, Germany | 11–50 | Jan 16, 2025 | €400M | €400M |
| HORSE | 2023 | Madrid, Spain | 5,001–10,000 | Jun 28, 2024 | €740M | €740M |
| Letara | 2020 | Sapporo, Japan | 11–50 | Nov 29, 2024 | ¥480M | ¥875M |
| Striemo | 2021 | Fuchu, Tokyo, Japan | 1–10 | Nov 28, 2024 | ¥500M | ¥500M |
| ElevationSpace | 2021 | Miyagi, Japan | 1–10 | Jul 12, 2024 | ¥1.4B | ¥1.74B |
| TopoLogic | 2021 | Tokyo, Japan | 11–50 | Feb 29, 2024 | ¥700M | ¥830M |
1. Revelyst
- Founded: 2023
- Location: Anoka, Minnesota, USA
- Industry: Manufacturing, Sporting Goods
- Number of Employees: 1,001–5,000
- Last Funding Amount: $150M (Latest Round: September 13, 2024)
- Total Funding Amount: $150M
Revelyst is a leading innovator in the sporting goods industry, delivering high-performance products that cater to outdoor enthusiasts and professional athletes alike. With a focus on precision manufacturing and cutting-edge design, Revelyst combines heritage craftsmanship with modern technology to redefine the standards of gear performance. The company’s mission is to enhance every outdoor experience through durable, reliable, and expertly engineered equipment.
2. GondolaBio
- Founded: 2024
- Location: Palo Alto, California, USA
- Industry: Manufacturing, Pharmaceutical
- Number of Employees: 11–50
- Last Funding Amount: $300M (Latest Round: August 16, 2024)
- Total Funding Amount: $300M
GondolaBio is a next-generation biomanufacturing company focused on transforming the pharmaceutical supply chain through advanced cell engineering and automation. By integrating cutting-edge biotechnology with scalable manufacturing processes, GondolaBio accelerates the development and production of life-saving therapies. The company’s platform is designed to improve efficiency, reduce costs, and ensure high-quality biologics reach patients faster and more reliably.
3. Highland Materials
- Founded: 2023
- Location: Johnson City, Tennessee, USA
- Industry: Manufacturing
- Number of Employees: 201–500
- Last Funding Amount: $255.6M (Latest Round: April 19, 2024)
- Total Funding Amount: $255.6M
Highland Materials is a cutting-edge manufacturing company focused on producing high-purity materials critical to the clean energy transition. Specializing in advanced processing techniques, the company supports the growing demand for sustainable energy solutions by supplying essential materials for next-generation batteries and semiconductors. Highland Materials is committed to driving innovation, supply chain resilience, and environmental responsibility in the industrial sector.
4. SM Toys
- Founded: 2016
- Location: Indore, Madhya Pradesh, India
- Industry: Manufacturing, Plastics and Rubber Manufacturing, Toys
- Number of Employees: 101–250
- Last Funding Amount: ₹1.1B (Latest Round: November 26, 2024)
- Total Funding Amount: ₹1.1B
SM Toys is a leading Indian manufacturer of high-quality plastic and rubber-based toys designed to inspire creativity and safe play for children. With a focus on innovation, sustainability, and international safety standards, SM Toys combines modern design with durable materials to create engaging, educational, and fun products. The company aims to expand globally while supporting local craftsmanship and eco-conscious production practices.
5. MediThinQ
- Founded: November 2018
- Location: Seongnam, Kyonggi-do, South Korea
- Industry: Manufacturing, Medical, Product Design
- Number of Employees: 11–50
- Last Funding Amount: ₩12.4B (Latest Round: March 11, 2025)
- Total Funding Amount: ₩14.9B
MediThinQ develops advanced wearable display solutions designed to enhance surgical precision and medical workflow efficiency. By integrating cutting-edge optics and real-time visualization technology, MediThinQ’s head-mounted displays provide medical professionals with critical information during procedures without disrupting focus. The company is dedicated to improving healthcare outcomes through ergonomic, intuitive, and high-performance design innovations.
6. Hannuo Medical
- Founded: 2018
- Location: Shenzhen, Guangdong, China
- Industry: Manufacturing, Medical, Medical Device
- Number of Employees: 51–100
- Last Funding Amount: CN¥100M (Latest Round: June 21, 2024)
- Total Funding Amount: CN¥200M
Hannuo Medical specializes in the development and manufacturing of advanced medical devices aimed at improving patient care and clinical outcomes. With a focus on innovation, precision, and safety, the company delivers high-quality diagnostic and therapeutic equipment used in hospitals and clinics worldwide. Hannuo Medical is committed to advancing healthcare through technology-driven solutions and rigorous quality standards.
7. Ferroglobe
- Founded: December 23, 2015
- Location: London, England, United Kingdom
- Industry: Manufacturing, Mining
- Number of Employees: 1,001–5,000
- Last Funding Amount: $147.6M (Latest Round: February 5, 2024)
- Total Funding Amount: $147.6M
Ferroglobe is a global leader in the production of silicon metal and specialty alloys used across a wide range of industrial applications, from automotive to renewable energy. With vertically integrated operations and access to high-quality raw materials, Ferroglobe ensures consistent supply and innovation in metallurgical solutions. The company is committed to sustainable mining practices and delivering essential materials for the world’s evolving infrastructure and technology needs.
8. Vianode
- Founded: 2020
- Location: Oslo, Oslo, Norway
- Industry: Manufacturing, Renewable Energy, Battery
- Number of Employees: 101–250
- Last Funding Amount: NOK400M (Latest Round: April 14, 2025)
- Total Funding Amount: $171.5M
Vianode is a sustainable materials company specializing in advanced battery-grade graphite solutions for electric vehicles and energy storage systems. With a focus on green production methods and high-performance materials, Vianode supports the global shift toward electrification and carbon neutrality. The company combines cutting-edge R&D with responsible sourcing to deliver scalable, low-emission graphite essential to the clean energy transition.
9. PXP
- Founded: July 4, 2020
- Location: Sagamihara, Kanagawa, Japan
- Industry: Manufacturing, Renewable Energy, GreenTech
- Number of Employees: 11–50
- Last Funding Amount: ¥1.5B (Latest Round: December 4, 2024)
- Total Funding Amount: ¥1.5B
PXP is a clean technology company focused on developing innovative renewable energy solutions tailored for urban and industrial applications. Leveraging advanced materials and energy-efficient systems, PXP designs scalable products that reduce carbon emissions and optimize power generation. With a strong commitment to sustainability and technological advancement, PXP is driving Japan’s green transition and contributing to global environmental goals.
10. EuroAPI
- Founded: 2021
- Location: Paris, Île-de-France, France
- Industry: Manufacturing, Health Care
- Number of Employees: 1,001–5,000
- Last Funding Amount: €755M (Latest Round: October 10, 2024)
- Total Funding Amount: €755M
EuroAPI is a leading manufacturer of active pharmaceutical ingredients (APIs), dedicated to strengthening Europe’s healthcare independence and supply chain resilience. With a broad portfolio of high-quality APIs and a commitment to sustainable production, EuroAPI supports global pharmaceutical companies in delivering safe, effective medicines. The company leverages decades of expertise, robust R&D capabilities, and cutting-edge facilities to meet growing health demands worldwide.
11. PanTera
- Founded: 2022
- Location: Mol, Antwerpen, Belgium
- Industry: Manufacturing, Pharmaceutical, Health Care
- Number of Employees: 11–50
- Last Funding Amount: €100.2M (Latest Round: September 11, 2024)
- Total Funding Amount: €134M
PanTera is a biopharmaceutical company focused on revolutionizing radiopharmaceutical production for cancer diagnostics and treatment. By combining innovative isotope technologies with scalable manufacturing processes, PanTera aims to meet the rising global demand for precision oncology solutions. The company is committed to advancing healthcare through sustainable practices and cutting-edge radiotherapy innovations that improve patient outcomes.
12. HyperAccel
- Founded: 2023
- Location: Seoul, Seoul-t’ukpyolsi, South Korea
- Industry: Manufacturing, Semiconductor, Hardware
- Number of Employees: 11–50
- Last Funding Amount: ₩55B (Latest Round: December 18, 2024)
- Total Funding Amount: ₩55B
HyperAccel is a next-generation semiconductor company focused on designing high-performance hardware accelerators for AI and data-intensive applications. With cutting-edge architecture and energy-efficient design, HyperAccel delivers powerful computing solutions that enhance speed, scalability, and sustainability. The company aims to redefine the semiconductor landscape by enabling faster innovation across industries like AI, cloud computing, and edge technology.
13. Atomgrid
- Founded: 2023
- Location: Bengaluru, Karnataka, India
- Industry: Manufacturing, Chemical
- Number of Employees: 11–50
- Last Funding Amount: ₹100M (Latest Round: May 8, 2024)
- Total Funding Amount: ₹100M
Atomgrid is an emerging chemical manufacturing startup focused on delivering high-performance, sustainable chemical solutions for industrial applications. By leveraging advanced synthesis techniques and eco-friendly practices, Atomgrid aims to transform traditional chemical supply chains. The company is committed to innovation, quality, and environmental stewardship, supporting industries with reliable and scalable chemical products tailored for modern needs.
14. Scimplify
- Founded: 2023
- Location: Bangalore, Karnataka, India
- Industry: Manufacturing, Chemical
- Number of Employees: 51–100
- Last Funding Amount: ₹590M (Latest Round: August 1, 2024)
- Total Funding Amount: ₹590M
Scimplify is a tech-driven chemical manufacturing company revolutionizing how specialty chemicals are sourced and supplied. With a focus on transparency, speed, and customization, Scimplify combines digital platforms with robust manufacturing capabilities to serve industries like pharmaceuticals, agriculture, and materials science. The company is dedicated to making chemical procurement more efficient, sustainable, and responsive to dynamic market demands.
15. Green Flexibility
- Founded: 2023
- Location: Kempten, Bayern, Germany
- Industry: Manufacturing, Battery
- Number of Employees: 11–50
- Last Funding Amount: €400M (Latest Round: January 16, 2025)
- Total Funding Amount: €400M
Green Flexibility is a battery technology company focused on developing next-generation energy storage solutions for grid, industrial, and mobility applications. By leveraging innovative materials and scalable manufacturing, the company aims to enhance energy density, safety, and sustainability. Green Flexibility is committed to accelerating the transition to a low-carbon future through cutting-edge battery systems tailored for Europe’s evolving clean energy landscape.
16. HORSE
- Founded: 2023
- Location: Alcobendas, Madrid, Spain
- Industry: Manufacturing, Automotive
- Number of Employees: 5,001–10,000
- Last Funding Amount: €740M (Latest Round: June 28, 2024)
- Total Funding Amount: €740M
HORSE is a global automotive manufacturer specializing in advanced powertrain systems designed to drive the future of hybrid and low-emission vehicles. With a strong focus on innovation, scalability, and sustainability, HORSE develops next-generation engines and propulsion technologies that meet evolving global emissions standards. The company combines deep engineering expertise with large-scale manufacturing to support the automotive industry’s transition toward cleaner mobility solutions.
17. Letara
- Founded: June 23, 2020
- Location: Sapporo, Hokkaido, Japan
- Industry: Manufacturing, Aerospace
- Number of Employees: 11–50
- Last Funding Amount: ¥480M (Latest Round: November 29, 2024)
- Total Funding Amount: ¥875M
Letara is an aerospace startup focused on developing innovative small satellite systems and next-generation space technologies. With expertise in lightweight materials, propulsion, and orbital deployment, Letara aims to make space more accessible for research, communication, and defense applications. The company is committed to advancing Japan’s presence in the global space industry through high-performance, cost-effective aerospace solutions.
18. Striemo
- Founded: August 2021
- Location: Fuchu, Tokyo, Japan
- Industry: Manufacturing, Electric Vehicle
- Number of Employees: 1–10
- Last Funding Amount: ¥500M (Latest Round: November 28, 2024)
- Total Funding Amount: ¥500M
Striemo is a mobility startup developing compact, self-balancing electric vehicles designed for urban transportation. By combining innovative engineering with user-centric design, Striemo offers a safe, stable, and intuitive riding experience ideal for short-distance travel. With a vision to reshape micro-mobility, the company is focused on delivering efficient, eco-friendly alternatives to conventional urban transport.
19. ElevationSpace
- Founded: February 3, 2021
- Location: Miyagi, Hokkaido, Japan
- Industry: Manufacturing, Industrial
- Number of Employees: 1–10
- Last Funding Amount: ¥1.4B (Latest Round: July 12, 2024)
- Total Funding Amount: ¥1.74B
ElevationSpace is a pioneering space-tech company developing re-entry-capable satellites for in-orbit experiments and material return missions. Focused on enabling sustainable space utilization, the company provides platforms for microgravity research, component testing, and on-demand return of space-manufactured products. ElevationSpace aims to expand access to space-based innovation while supporting scientific and commercial advancements across industries.
20. TopoLogic
- Founded: July 15, 2021
- Location: Tokyo, Tokyo, Japan
- Industry: Manufacturing, Semiconductor, Electronics
- Number of Employees: 11–50
- Last Funding Amount: ¥700M (Latest Round: February 29, 2024)
- Total Funding Amount: ¥830M
TopoLogic is a semiconductor startup specializing in topological materials and quantum-inspired electronics for next-generation computing applications. By harnessing the unique properties of advanced materials, the company designs ultra-efficient chips that enable higher processing speeds, lower power consumption, and enhanced stability. TopoLogic is at the forefront of redefining the limits of modern electronics, aiming to accelerate breakthroughs in AI, communications, and quantum technologies.
Conclusion
Armed with over $100M each, these 20 manufacturing startups are rewriting the rules of industrial innovation. From autonomous factories and advanced robotics to AI-driven supply chains and eco-efficient production, they’re building the blueprint for the next industrial revolution. Their transformative technologies are driving scalability, sustainability, and precision at an unprecedented global scale.
FAQs
Q. Why are these manufacturing startups raising over $100M?
A. They’re tackling high-impact challenges in global production, automation, and sustainability—areas that demand both capital and scale to innovate.
Q. What industries are they transforming?
A. From automotive and aerospace to electronics, consumer goods, and heavy industry, their tech is reshaping core manufacturing sectors.
Q. What technologies do they use?
A. AI, machine vision, predictive analytics, edge computing, autonomous robotics, additive manufacturing, and clean energy systems.