Reshape Automation
Assembly Line
Reshape Automation Raises $5 Million in Seed Funding to Catalyze Industrial Automation Equipment and Services Adoption
Reshape Automation, an AI-powered solution transforming industrial automation from discovery to deployment, has raised $5 million in seed funding. The round was led by Ironspring Ventures and included new investors Haystack, Supply Chain Ventures, Remus Capital, Expansion VC, and prominent angel investors including Amar Hanspal, former co-CEO of Autodesk, alongside existing investors Schematic Ventures and Bee Partners.
This funding milestone reinforces Reshape’s innovative approach to scaling industrial automation. Reshape’s platform consolidates and analyzes process data, tracks requirements, and aggregates demand and supply for automation equipment and services. With its recommendation engine, transparent pricing, and AI agents, the platform accelerates adoption, boosts transparency, and reduces risk for manufacturers and supply chain companies.
With this new capital, Reshape will accelerate the development and deployment of its product suite, the “Reshape Industrial Automation Hub”. Under this umbrella, Reshape is announcing two new products: Reshape Insights and Reshape Planner, and integrating its existing Reshape Market, which now features hundreds of automation products and solutions with plans to add thousands in the coming years.
Reshape Automation aims to reduce barriers of robotics adoption
Reshape Automation has raised $1.7 million in pre-Seed funding. The round was led by Schematic Ventures and included Bee Partners. There was also a contribution from Oliver Cameron, who started the autonomous vehicle company Voyage in 2017 and sold it to Cruise in early 2021. Other robotics companies funded in part by Schematic Ventures include Plus One Robotics, Outrider, Root AI, which was acquired by AppHarvest for $60 million in 2021, and SVT Robotics.
Reshape Automation wants to make it easier for the U.S. manufacturing and logistics industries to adopt automation. At the core of the platform is an AI-powered marketplace. Reshape’s marketplace will launch with autonomous mobile robots (AMRs), robot arms, and various components and solutions from brands like Fanuc, Yaskawa, Robotize, Peer Robotics, Item, Nova Automation, Genba, OnRobot, Doosan, Fairino, and more.