Manufacturing is entering a new era of innovation, and these 20 startups are driving the change. With $5M–$10M in recent funding, they’re developing smarter, faster, and more sustainable production technologies. From automation and AI to advanced materials and robotics, they’re redefining how the world builds and produces.
The Future of Manufacturing | 20 Startups Leading Industrial Innovation
Backed by strong investor confidence, these startups are streamlining operations, boosting efficiency, and setting new standards for modern manufacturing.
Let’s explore the companies shaping the future of industry.
| Company Name | Founded | Location | Employees | Last Funding Amount | Last Funding Date | Total Funding |
|---|---|---|---|---|---|---|
| Materic | 2018 | Baltimore, Maryland | 11-50 | $10M | Mar 13, 2024 | $10M |
| Trident IoT | 2023 | Carlsbad, California | 11-50 | $10M | Apr 11, 2024 | $10M |
| Purchaser | 2024 | Lexington, Kentucky | 1-10 | $4M | Sep 23, 2024 | $5.3M |
| PuffPaw | 2024 | Los Angeles, California | 11-50 | $6M | Sep 5, 2024 | $6M |
| Fabri | 2022 | Boston, Massachusetts | 1-10 | $5.2M | Dec 5, 2024 | $5.2M |
| Planys Technologies | 2015 | Chennai, Tamil Nadu, India | 11-50 | ₹430M | Apr 3, 2024 | $9.2M |
| Q5D Technology | 2018 | Portishead, North Somerset, UK | 1-10 | £2M | Dec 3, 2024 | $6.06M |
| Dive | 2018 | Berlin, Berlin, Germany | 11-50 | $10M | Jun 5, 2024 | $10M |
| Diamfab | 2019 | Grenoble, Rhone-Alpes, France | 11-50 | €8.7M | Mar 28, 2024 | €8.7M |
| Novelplast | 2017 | Navan, Meath, Ireland | 101-250 | €10M | Apr 12, 2024 | €10M |
| Arksen | 2017 | London, England, UK | 11-50 | £6M | Feb 22, 2024 | £6M |
| RDG Collective | 2018 | Lusaka, NA – Zambia | 101-250 | $1.25M | Sep 19, 2024 | $9.3M |
| Lightyears Solar | 2018 | Auckland, Auckland, New Zealand | 1-10 | $6M | Mar 27, 2024 | $6M |
| Aquark Technologies | 2020 | Southampton, Southampton, UK | 11-50 | €5M | Sep 19, 2024 | €5M |
| Refoxy Pharma | 2020 | Berlin, Berlin, Germany | 1-10 | €9.1M | Dec 4, 2024 | €9.1M |
| Lightium | 2023 | Zürich, Zurich, Switzerland | 1-10 | $7M | Sep 18, 2024 | $9.95M |
| Vamo | 2022 | Berlin, Berlin, Germany | 11-50 | €7M | Oct 28, 2024 | €10M |
| Convergence Medical Robotics | 2022 | Brisbane, Queensland, Australia | 1-10 | $5M | Jan 15, 2025 | $5M |
| Embodied Storm | 2023 | Zhuhai, Guangdong, China | 11-50 | CN¥10M | Dec 11, 2024 | CN¥10M |
| Kusa Technology | 2023 | Suzhou, Jiangsu, China | 11-50 | CN¥8M | Oct 8, 2024 | CN¥8M |
1. Materic
- Founded: 2018
- Location: Baltimore, Maryland
- Industry: Manufacturing
- Number of Employees: 11-50
- Last Funding Amount: $10M (Latest Round: March 13, 2024)
- Total Funding Amount: $10M
Materic specializes in advanced materials innovation, developing high-performance materials for industries such as aerospace, healthcare, and sustainable manufacturing. The company focuses on custom-engineered solutions, including nanofiber technology, specialty coatings, and 3D printing materials. By leveraging cutting-edge research and state-of-the-art production techniques, Materic aims to push the boundaries of material science, providing businesses with novel solutions that enhance durability, functionality, and sustainability.
2. Trident IoT
- Founded: 2023
- Location: Carlsbad, California
- Industry: Manufacturing
- Number of Employees: 11-50
- Last Funding Amount: $10M (Latest Round: April 11, 2024)
- Total Funding Amount: $10M
Trident IoT is a cutting-edge provider of integrated IoT solutions, specializing in secure and scalable wireless communication technologies. The company focuses on developing advanced semiconductor chips, firmware, and cloud connectivity solutions to enhance smart device interoperability. By leveraging innovative RF engineering and robust cybersecurity measures, Trident IoT enables businesses to deploy reliable and efficient IoT ecosystems across industries such as home automation, industrial manufacturing, and smart infrastructure.
3. Purchaser
- Founded: March 1, 2024
- Location: Lexington, Kentucky
- Industry: Manufacturing
- Number of Employees: 1-10
- Last Funding Amount: $4M (Latest Round: September 23, 2024)
- Total Funding Amount: $5.3M
Purchaser is an innovative procurement automation platform designed to streamline purchasing operations for manufacturers. By integrating AI-driven analytics and supplier management tools, the Purchaser optimizes sourcing, reduces costs, and enhances supply chain efficiency. The platform provides real-time insights into vendor performance, automates procurement workflows, and ensures compliance with industry standards. With a focus on efficiency and cost savings, Purchaser helps businesses scale operations while maintaining high-quality standards in manufacturing procurement.
4. PuffPaw
- Founded: 2024
- Location: Los Angeles, California
- Industry: Manufacturing
- Number of Employees: 11-50
- Last Funding Amount: $6M (Latest Round: September 5, 2024)
- Total Funding Amount: $6M
PuffPaw specializes in the manufacturing of premium pet care products, combining innovation with high-quality materials to enhance the well-being of pets. With a focus on sustainability and ergonomic design, PuffPaw develops pet accessories, smart feeding solutions, and comfort-enhancing products tailored for modern pet owners. Leveraging advanced manufacturing techniques and data-driven insights, the company aims to revolutionize the pet care industry with durable, stylish, and functional products.
5. Fabri
- Founded: 2022
- Location: Boston, Massachusetts
- Industry: Manufacturing
- Number of Employees: 1-10
- Last Funding Amount: $5.2M (Latest Round: December 5, 2024)
- Total Funding Amount: $5.2M
Fabri is a next-generation manufacturing company focused on revolutionizing textile production through cutting-edge automation and sustainable materials. By integrating AI-driven quality control and precision engineering, Fabri enhances efficiency and reduces waste in the textile industry. The company’s proprietary technology enables on-demand fabric customization, catering to fashion, medical, and industrial applications. With an emphasis on eco-friendly production, Fabri aims to redefine how fabrics are designed, manufactured, and distributed globally.
6. Planys Technologies
- Founded: June 11, 2015
- Location: Chennai, Tamil Nadu, India
- Industry: Manufacturing
- Number of Employees: 11-50
- Last Funding Amount: ₹430M (Latest Round: April 3, 2024)
- Total Funding Amount: $9.2M
Planys Technologies specializes in underwater robotics and advanced non-destructive testing (NDT) solutions for critical infrastructure inspection. The company develops AI-powered submersible drones designed to assess the structural integrity of offshore and industrial assets, including bridges, pipelines, and ship hulls. Planys’ proprietary technology enables real-time data acquisition and analysis, improving safety and efficiency in underwater inspections. With a strong focus on automation and machine learning, Planys Technologies is revolutionizing the maritime and energy sectors by providing cost-effective, high-precision inspection solutions.
7. Q5D Technology
- Founded: September 6, 2018
- Location: Portishead, North Somerset, United Kingdom
- Industry: Manufacturing
- Number of Employees: 1-10
- Last Funding Amount: £2M (Latest Round: December 3, 2024)
- Total Funding Amount: $6.06M
Q5D Technology is pioneering the automation of wiring and electronics integration in complex 3D structures. The company develops advanced robotic manufacturing solutions that embed wiring, sensors, and electronics directly into curved and nonplanar surfaces, eliminating traditional assembly constraints. Q5D’s technology is transforming industries such as aerospace, automotive, and consumer electronics by reducing labor costs, improving reliability, and enabling innovative product designs. With a focus on precision automation, the company aims to revolutionize the future of electromechanical manufacturing.
8. Dive
- Founded: June 2018
- Location: Berlin, Berlin, Germany
- Industry: Manufacturing
- Number of Employees: 11-50
- Last Funding Amount: $10M (Latest Round: June 5, 2024)
- Total Funding Amount: $10M
Dive is revolutionizing the manufacturing industry with its innovative approach to industrial data analytics. By combining IoT technology, AI-driven insights, and real-time data processing, Dive enables manufacturers to optimize production lines, improve operational efficiency, and predict maintenance needs. Their platform connects to machinery and sensors to track performance, detect issues before they become critical, and provide actionable insights for process improvements. Dive’s solutions empower manufacturers to enhance productivity, reduce downtime, and lower operational costs.
9. Diamfab
- Founded: 2019
- Location: Grenoble, Rhone-Alpes, France
- Industry: Manufacturing
- Number of Employees: 11-50
- Last Funding Amount: €8.7M (Latest Round: March 28, 2024)
- Total Funding Amount: €8.7M
Diamfab specializes in the production of cutting-edge, diamond-based materials for advanced manufacturing applications. By leveraging its proprietary diamond fabrication technology, Diamfab creates highly durable and efficient materials used in a wide range of industries, from electronics to automotive. Their innovative solutions provide enhanced performance, reduced wear, and increased precision for various manufacturing processes. With the latest round of funding, Diamfab aims to scale up production and expand its reach to international markets, offering high-quality materials that support next-generation manufacturing technologies.
10. Novelplast
- Founded: 2017
- Location: Navan, Meath, Ireland
- Industry: Manufacturing
- Number of Employees: 101-250
- Last Funding Amount: €10M (Latest Round: April 12, 2024)
- Total Funding Amount: €10M
Novelplast is a leading manufacturer of innovative plastic materials, specializing in sustainable and environmentally friendly solutions for various industries. The company has built a strong reputation for producing high-quality, recyclable plastics used in packaging, construction, and automotive sectors. Their commitment to reducing the environmental impact of plastic products has positioned them as a key player in the global push for sustainability. With the latest round of funding, Novelplast is set to expand its production capabilities and accelerate the development of cutting-edge, eco-friendly materials.
11. Arksen
- Founded: 2017
- Location: London, England, United Kingdom
- Industry: Manufacturing
- Number of Employees: 11-50
- Last Funding Amount: £6M (Latest Round: February 22, 2024)
- Total Funding Amount: £6M
Arksen is a trailblazer in the development of high-performance, sustainable products for the outdoor adventure and exploration markets. The company is renowned for designing and manufacturing robust, eco-conscious vehicles and equipment tailored for extreme environments. With a focus on reducing environmental impact, Arksen integrates cutting-edge technologies and sustainable materials into its products. The recent funding will help the company scale its operations and bring innovative solutions to markets globally, furthering its mission to promote adventure without compromising environmental responsibility.
12. RDG Collective
- Founded: April 2018
- Location: Lusaka, NA – Zambia
- Industry: Manufacturing
- Number of Employees: 101-250
- Last Funding Amount: $1.25M (Latest Round: September 19, 2024)
- Total Funding Amount: $9.3M
RDG Collective is an innovative manufacturing company based in Zambia, specializing in the production of sustainable building materials. The company uses eco-friendly methods and locally sourced materials to create products that contribute to the growth of the African infrastructure sector. RDG Collective is committed to improving the quality of construction while reducing environmental impact. The latest funding will help expand its operations, enhance production capacity, and further promote sustainability across the continent. The company aims to be a leader in sustainable manufacturing in Africa, transforming the construction landscape.
13. Lightyears Solar
- Founded: 2018
- Location: Auckland, Auckland, New Zealand
- Industry: Manufacturing
- Number of Employees: 1-10
- Last Funding Amount: $6M (Latest Round: March 27, 2024)
- Total Funding Amount: $6M
Lightyears Solar is an innovative manufacturing company based in New Zealand that specializes in solar technology solutions. The company designs and manufactures high-efficiency solar panels aimed at reducing energy costs and promoting sustainability. With a focus on renewable energy, Lightyears Solar is committed to making clean energy more accessible and affordable. The latest round of funding will help the company scale production, improve its product offerings, and expand its market presence in the global solar energy industry.
14. Aquark Technologies
- Founded: 2020
- Location: Southampton, Southampton, United Kingdom
- Industry: Manufacturing
- Number of Employees: 11-50
- Last Funding Amount: €5M (Latest Round: September 19, 2024)
- Total Funding Amount: €5M
Aquark Technologies is a UK-based manufacturing company specializing in advanced water treatment and purification systems. The company develops innovative solutions aimed at improving water quality, efficiency, and sustainability for both industrial and commercial sectors. Aquark Technologies leverages cutting-edge technology to create eco-friendly solutions that reduce water consumption and minimize waste. The latest funding round will be used to expand research and development, scale production capabilities, and enhance their product offerings to meet the growing demand for sustainable water management solutions worldwide.
15. Refoxy Pharma
- Founded: 2020
- Location: Berlin, Berlin, Germany
- Industry: Manufacturing
- Number of Employees: 1-10
- Last Funding Amount: €9.1M (Latest Round: December 4, 2024)
- Total Funding Amount: €9.1M
Refoxy Pharma is a German-based pharmaceutical manufacturing company specializing in the development and production of high-quality pharmaceutical products. The company focuses on creating innovative and sustainable solutions for medical treatments in various therapeutic areas. With a small but highly skilled team, Refoxy Pharma leverages advanced manufacturing techniques to ensure the production of safe, effective, and cost-efficient medicines. The recent funding will support the company’s continued research, expansion of production facilities, and efforts to introduce new pharmaceutical products into the market.
16. Lightium
- Founded: September 11, 2023
- Location: Zürich, Zurich, Switzerland
- Industry: Manufacturing
- Number of Employees: 1-10
- Last Funding Amount: $7M (Latest Round: September 18, 2024)
- Total Funding Amount: $9.95M
Lightium is a Swiss-based manufacturing startup focused on developing cutting-edge technologies to revolutionize the production of energy-efficient lighting solutions. The company uses innovative materials and processes to create highly sustainable and efficient lighting systems for both residential and commercial applications. With a small but growing team, Lightium is committed to delivering products that meet both environmental and performance standards. The recent funding will be directed toward scaling their operations, enhancing product development, and expanding their market reach in the global lighting industry.
17. Vamo
- Founded: 2022
- Location: Berlin, Berlin, Germany
- Industry: Manufacturing
- Number of Employees: 11-50
- Last Funding Amount: €7M (Latest Round: October 28, 2024)
- Total Funding Amount: €10M
Vamo is a manufacturing startup based in Berlin, Germany, focused on providing innovative solutions for the production of eco-friendly and sustainable materials. The company combines advanced manufacturing technologies with environmental consciousness to create products that meet the needs of a greener future. Vamo’s portfolio includes a range of solutions designed to reduce environmental impact across various industries, from construction to consumer goods. The recent funding will support the scaling of their production capabilities and accelerate their market penetration across Europe.
18. Convergence Medical Robotics
- Founded: 2022
- Location: Brisbane, Queensland, Australia
- Industry: Manufacturing
- Number of Employees: 1-10
- Last Funding Amount: $5M (Latest Round: January 15, 2025)
- Total Funding Amount: $5M
Convergence Medical Robotics is an Australian-based startup that specializes in developing advanced robotics for the medical industry. Their cutting-edge technology aims to improve surgical precision, reduce recovery time, and enhance patient outcomes through minimally invasive robotic procedures. The company’s solutions are designed to empower healthcare professionals with the tools needed for more accurate and efficient surgeries. With their latest funding, Convergence Medical Robotics will focus on expanding their technology and advancing the capabilities of their medical robotics systems.
19. Embodied Storm
- Founded: September 2023
- Location: Zhuhai, Guangdong, China
- Industry: Manufacturing
- Number of Employees: 11-50
- Last Funding Amount: CN¥10M (Latest Round: December 11, 2024)
- Total Funding Amount: CN¥10M
Embodied Storm is an innovative manufacturing company based in China, focusing on cutting-edge robotics and automation solutions for various industries. Their product lineup includes advanced AI-driven systems designed to improve operational efficiency, reduce production costs, and enhance quality control across different sectors. With their latest funding round, Embodied Storm aims to scale its operations and expand its product offerings in the global market, particularly focusing on enhancing the capabilities of its AI-powered manufacturing robots.
20. Kusa Technology
- Founded: 2023
- Location: Suzhou, Jiangsu, China
- Industry: Manufacturing
- Number of Employees: 11-50
- Last Funding Amount: CN¥8M (Latest Round: October 8, 2024)
- Total Funding Amount: CN¥8M
Kusa Technology is a rapidly growing manufacturing company based in China, specializing in innovative materials and high-performance manufacturing solutions. Their focus is on producing cutting-edge products that enhance industrial processes, from advanced composite materials to precision manufacturing systems. With the funds raised in their latest funding round, Kusa Technology plans to accelerate its research and development efforts to further enhance product efficiency and expand its market presence both domestically and internationally.
Conclusion
With $5M to $10M in funding, these 20 manufacturing startups are driving the next wave of industrial innovation. From smart factories and robotics to AI-driven production systems and sustainable materials, they’re redefining how products are made. Their technologies promise greater efficiency, lower costs, and a greener, more agile future for global manufacturing.
FAQs
Q. Why are manufacturing startups receiving significant investment?
A. Investors see the potential for these startups to revolutionize the industry with automation, sustainability, and AI-driven production methods that enhance efficiency and reduce costs.
Q. What technologies are these startups using to transform manufacturing?
A. They utilize AI, machine learning, robotics, 3D printing, IoT (Internet of Things), and advanced materials to optimize production, reduce waste, and increase output.
Q. How does automation impact the manufacturing industry?
A. Automation reduces manual labor, improves precision, enhances productivity, and lowers operational costs, allowing companies to scale efficiently.