Reshape Automation, a San Francisco, CA-based AI-powered solution transforming industrial automation from discovery to deployment, has raised $5 million in seed funding.
Investors
The round was led by Ironspring Ventures and included participation from Haystack, Supply Chain Ventures, Remus Capital, Expansion VC, and prominent angel investors such as Amar Hanspal, former co-CEO of Autodesk. Existing investors Schematic Ventures and Bee Partners also contributed.
Ironspring Ventures is an early-stage, sector-focused venture capital firm specializing in digital industrial innovation. Based in Austin, TX, the fund leads and co-leads early-stage investments across four core areas: construction, manufacturing, transport & logistics, and alternative energy. In June 2024, Ironspring Ventures closed its $100M Fund II.
Reshape Automation Use of Funds
The investment will accelerate the development of Reshape’s “Industrial Automation Hub,” which includes new tools like Reshape Insights and Reshape Planner. The new capital will enable Reshape to expand its product suite and further support automation adoption across the industry.
About Reshape Automation
Reshape Automation specializes in AI-powered solutions for industrial automation. The company helps manufacturers across the Americas address labor shortages by offering an end-to-end platform for automation. Reshape provides AI-powered tools to diagnose, design, procure, and manage automation systems. Its curated catalog of thousands of products allows manufacturers and warehouse operators to seamlessly adopt automation and remain competitive.
Funding Details
Company: Reshape Automation Inc.
Raised: $5.0M
Round: Seed Round
Funding Date: September 2024
Lead Investor: Ironspring Ventures
Additional Investors: Haystack, Supply Chain Ventures, Remus Capital, Expansion VC, Amar Hanspal, Schematic Ventures, Bee Partners
Company Website: https://www.reshapeautomation.com/
Software Category: Industrial Automation
Source: https://www.einpresswire.com/article/741434487/reshape-automation-raises-5-million-in-seed-funding-to-catalyze-industrial-automation-equipment-and-services-adoption