SendCutSend, a US-based on-demand custom manufacturing startup, has officially joined the unicorn club after raising $110 million in a new funding round valuing the company at $1 billion. The round, announced on May 19, 2026, was co-led by Sequoia Capital, crypto-native venture firm Paradigm, and Stripe co-founders Patrick and John Collison. The raise is one of the most significant manufacturing startup funding events of 2026 and marks a clear shift in how venture capital is approaching the physical economy.
Founded in 2018 by Jim Belosic and headquartered at 4835 Longley Lane, Reno, Nevada, SendCutSend operates three factories across Reno Nevada, Arlington Texas, and Paris Kentucky, all running 24 hours a day to meet growing demand.
The company reports $200 million in annual revenue and serves over 100,000 businesses including a significant share of Fortune 500 companies. More details are available at sendcutsend.com.
From Bootstrapper to Unicorn Founder
Jim Belosic built SendCutSend the hard way. For years he was openly sceptical of venture capital, famously calling VCs a bunch of grifters, and preferred to fund growth through credit, loans, and his own savings. The company itself started as a side project while Belosic was restoring cars and motorcycles as a hobby. He kept finding that industrial shops refused to make the custom parts he needed, so he stepped in to fill that gap himself.
What began as a personal frustration became a $200 million revenue business. The turning point came when large-scale demand from AI data centre builders, robotics manufacturers, aerospace contractors, and defence companies began outpacing what SendCutSend could handle organically. As Belosic told the Wall Street Journal, turns out they just needed stuff really really fast and they needed it really easy. With that level of traction already in place, Sequoia, Paradigm, and the Collisons needed little convincing.
Why a Crypto VC Is Backing a Steel Factory
One of the most talked-about aspects of this round is Paradigm’s involvement. Paradigm is primarily known as a crypto and Web3 venture fund, not a typical backer of metal fabrication companies. Its participation signals that the firm sees manufacturing infrastructure as a foundational layer of the next economy, much like blockchain infrastructure was in the previous cycle. When a crypto-native fund backs a factory, it tells the broader market that the category has moved beyond niche interest into mainstream venture territory.
Sequoia’s involvement reinforces this further. Together, these two investors represent a bet that on-demand manufacturing, software-driven, fast, and domestically operated, is the next major infrastructure play in the AI era.
Why Venture Capital Is Turning to Manufacturing
For most of the past decade, venture capital flowed overwhelmingly toward software. SaaS companies, consumer apps, and digital platforms commanded the highest valuations and the most attention. Hardware was seen as slow, capital-intensive, and difficult to scale.
That narrative is changing fast in 2026. AI has created enormous downstream demand for physical components including server racks, robotic parts, precision enclosures, and custom assemblies that need to be produced quickly and reliably. SendCutSend is already fabricating for robotics and space tech companies while producing the data centre racks that form the literal scaffolding of America’s AI infrastructure boom. Its high-mix low-volume model has produced over 30 million pieces for more than 300,000 customers, and its rapid delivery system gets precision components to clients in days rather than weeks.
The Reshoring Tailwind
SendCutSend’s timing is ideal. US-China trade tensions, rising tariffs, and supply chain disruptions have made offshore manufacturing riskier and more expensive than it appeared just a few years ago. Companies across defence, aerospace, consumer electronics, and industrial equipment are actively seeking domestic alternatives and SendCutSend is positioned to be the default answer.
The new $110 million will fund multi-state manufacturing expansion and deeper logistics infrastructure, with new facility announcements expected in the coming months. The goal is to become the national on-demand manufacturing backbone for the AI and robotics supply chain.
Key Round Details
SendCutSend raised $110 million and achieved a post-money valuation of $1 billion. The round was co-led by Sequoia Capital and Paradigm with notable participation from Stripe co-founders Patrick and John Collison. The company was founded by Jim Belosic and generates $200 million in annual revenue.
The round was announced on May 19, 2026. Headquarters are located at 4835 Longley Lane, Reno, Nevada. The company website is sendcutsend.com. Funds will be used for multi-state manufacturing expansion and rapid delivery infrastructure build-out.
FAQS
What is SendCutSend and what does it do?
SendCutSend is a US-based on demand custom manufacturing startup that produces precision-cut metal parts and components for businesses in AI infrastructure, robotics, aerospace, and defence. Founded in 2018 by Jim Belosic and headquartered in Reno, Nevada, the company operates factories across Reno, Arlington Texas, and Paris Kentucky. Visit sendcutsend.com for instant quoting and ordering.
How much did SendCutSend raise in its 2026 funding round?
SendCutSend raised $110 million in a funding round announced on May 19, 2026. The round was co-led by Sequoia Capital and Paradigm, with participation from Stripe co-founders Patrick and John Collison, pushing the company’s valuation to $1 billion.
Who invested in SendCutSend’s $110M round?
The round was co-led by Sequoia Capital and Paradigm, a well-known crypto and Web3 venture firm. Stripe co-founders Patrick and John Collison also participated, making this one of the most high-profile hardware investment rounds of 2026.
What is SendCutSend’s revenue and valuation?
SendCutSend holds a post-money valuation of $1 billion and reported $200 million in annual revenue before the raise. The company serves over 100,000 businesses including a significant share of Fortune 500 companies.
Where is SendCutSend headquartered?
SendCutSend is headquartered at 4835 Longley Lane, Reno, Nevada, USA with additional manufacturing facilities in Arlington Texas and Paris Kentucky. All three sites run on a 24/7 schedule. Learn more at sendcutsend.com.
Why are investors backing US custom manufacturing startups in 2026?
Tightening US-China trade relations, rising tariffs, and supply chain disruptions have accelerated reshoring across the United States. Investors are backing domestic on demand manufacturing startups like SendCutSend because they solve a critical procurement problem for AI, robotics, and aerospace companies that need fast, reliable, and domestically sourced components.
What will SendCutSend do with the $110M raised?
SendCutSend will use the capital to expand manufacturing operations across multiple US states and build out rapid delivery infrastructure, scaling toward becoming the national default manufacturing partner for the AI and robotics supply chain. Visit sendcutsend.com for more.
Is SendCutSend a good example of the US reshoring trend?
Yes. Headquartered in Reno, Nevada with factories across Kentucky and Texas, SendCutSend is widely seen as a flagship example of the reshoring manufacturing movement. As American companies reduce dependence on Chinese factories, SendCutSend offers a fast, flexible, and domestic alternative positioning itself as the on demand manufacturing backbone for the next generation of US technology companies.
