About Manufacturing Tech sector in North America
The Manufacturing Tech sector in North America comprises 2.79K companies, including 853 funded companies having collectively raised $28.3B in venture capital money and private equity. Out of these, 680 are Series A+ funded, and 10 have achieved unicorn status.
Manufacturing Tech sector in North America has seen 428 acquisitions and 25 IPOs. This represents almost 16.2% of all such companies - which is higher than the 5.3% exit rate of tech companies in general.
This sector includes companies providing software solutions that assist manufacturers throughout the manufacturing value chain. From product design, prototyping, simulation, production analysis, monitoring, and equipment maintenance, etc. Also, include companies that offer robots/automated machines for handling manufacturing operations.
Manufacturing Tech sector is also known as Industrial Software, Factory Automation Software, Industrial Automation Software, Computer Integrated Manufacturing or Industrial Tech.
PLM suites, CAD, engineering analysis solutions, manufacturing execution solutions, process control software, asset maintenance, EHS tools, and robots for manufacturing Consulting companies, resellers, service providers, and hardware companies including 3D printers. Outbound logistics from Supply Chain software are not included. Generic business intelligence and workforce management solutions which do not have manufacturing companies as their primary customer base are not included. Solutions for mining, packaging, and construction sectors are also excluded.
Top Manufacturing Tech Companies in North America
There are 2,790 Manufacturing Tech startups in North America which include Infor, Altair, Onshape, Vicarious, AspenTech. Out of these, 853 startups are funded, with 680 having secured Series A+ funding, and 10 achieving unicorn status.
Over the past 10 years, an average of 89 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Stanford University, Massachusetts Institute of Technology and University of California (Berkeley).
Here is the list of top Manufacturing Tech startups in North America
1. Infor
Cloud based ERP software for multi industries. The product offerings include human resource software with features such as case management, payroll, workforce management, analytics, financial management, supply chain management, and more. It provides business operations automation software for the discrete manufacturing sectors including features such as automated factory floor and supply chain virtualization, sales quoting, production analytics, and more. It caters to the defense, healthcare, retail, finance, oil, gas, and hospitality industry.
Key facts about Infor
- Founded Year: 2002
- Location: New York City (United States)
- Stage: Acquired
- Total Funding till date: $1.52B
- Investors: LC Waikiki, Maxam Capital and 17 Others
- Latest Funding Round: Series B, Apr 28, 2021, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 3 of 3,647 Competitors
2. Altair
Developer of software for engineering, data analytics, and high-performance computing. The company provides platforms for simulation, design, and data analysis. It offers solutions across various industries, including aerospace, automotive, and energy. The software supports product design, structural analysis, and systems modeling.
Key facts about Altair
- Founded Year: 1985
- Location: Troy (United States)
- Stage: Acquired
- Total Funding till date: $35.1M
- Investors: General Atlantic, Shefa Capital and 3 Others
- Latest Funding Round: Post IPO, Jul 11, 2023, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 2 of 801 Competitors
3. Onshape
Cloud-native CAD & PDM platform accelerating product development and team collaboration. This platform delivers agile design processes with professional-grade CAD capabilities and next-generation product data management. It fosters real-time collaboration, enabling teams to work simultaneously on designs from any device. The solution eliminates traditional file-based CAD limitations, offering features like branching and merging, release management, and built-in PDM. It provides modern CAD tools, simulation, rendering, and customization options. Ideal for professionals, enterprises, students, and hobbyists, it supports various industries with cloud security, access control, and analytics. The platform offers courses, training, and resources to help users become experts in CAD and data management. It is a SaaS solution that offers subscription plans and supports integrations.
Key facts about Onshape
- Founded Year: 2012
- Location: Cambridge (United States)
- Stage: Acquired
- Total Funding till date: $349M
- Investors: New Enterprise Associates, Commonwealth Capital Ventures and 5 Others
- Latest Funding Round: Series D, Jun 03, 2019, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 1 of 189 Competitors
4. Vicarious
Developer of AI-based robotic arms. It offers solutions for kitting, palletizing, packaging, and wall picking. It also offers robots-as-a-service.
Key facts about Vicarious
- Founded Year: 2010
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $250M
- Investors: A-Grade Investments, Founders Fund and 49 Others
- Latest Funding Round: Series D, Jul 25, 2017, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 1 of 673 Competitors
5. AspenTech
Provider of AI based manufacturing process optimization software. Its software applications utilize empirical models for chemical manufacturing processes for plant and process design. Its product provides engineering, plant operations, and supply chain management software applications.
Key facts about AspenTech
- Founded Year: 1981
- Location: Bedford (United States)
- Stage: Acquired
- Total Funding till date: $100M
- Investors: Advent International, White Star Capital and 4 Others
- Latest Funding Round: PE, Aug 13, 2013, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 1 of 704 Competitors
Companies founded year-on-year in the Manufacturing Tech sector in North America
155 Manufacturing Tech startups in North America were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 5 |
2024 | 20 |
2023 | 54 |
2022 | 62 |
2021 | 90 |
2020 | 142 |
2019 | 155 |
2018 | 139 |
2017 | 118 |
2016 | 106 |
Stage-wise distribution of Manufacturing Tech sector companies in North America
Out of the total 2,790 Manufacturing Tech companies in North America, 853 have secured funding. Among them, 680 have reached Series A or higher, and 563 to Series B or beyond.
Founded - 2,790
Funded - 853
Series A+ - 680
Series B+ - 563
Series C+ - 505
Company Stage | No. of companies |
|---|---|
Founded | 2,790 |
Funded | 853 |
Series A+ | 680 |
Series B+ | 563 |
Series C+ | 505 |
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Funding Trends in the Manufacturing Tech sector in North America
Total funding year-on-year in the Manufacturing Tech sector in North America
The Manufacturing Tech sector in North America saw a total funding of more than $18B in the last 10 years. The most amount of funding was in 2021 at more than $4.98B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $1.26B |
2024 | $777M |
2023 | $1.09B |
2022 | $2.03B |
2021 | $4.98B |
2020 | $959M |
2019 | $3.19B |
2018 | $2.13B |
2017 | $838M |
Recent Funding Rounds in Manufacturing Tech in North America
In the year 2025, till October 2025, Manufacturing Tech companies in North America have raised $1.26B in equity funding across 68 rounds.
In the same period last year (i.e. till October 2024), Manufacturing Tech companies in North America had raised $690M across 65 rounds.
So, 2025 has seen a 82.53% rise in funding in Manufacturing Tech companies in North America as compared to 2024.
Here are some recent, important funding rounds in Manufacturing Tech companies in North America:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 1359 | Oct 15, 2025 | ||
Series B | 5529 | Oct 09, 2025 | ||
Series B | 5595 | Oct 08, 2025 | ||
Seed | 8257 | Oct 02, 2025 | ||
Series B | 9788 | Oct 01, 2025 | and 4 more |
Top Investors in Manufacturing Tech in North America
National Science Foundation is the top investor in Manufacturing Tech companies in North America based on number of companies invested.
Here are some top investors in Manufacturing Tech companies in North America:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Arlington (United States) | ||
Mountain View (United States) | ||
Oak Ridge (United States) | ||
Palo Alto (United States) | ||
New York City (United States) |
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M&A activity in Manufacturing Tech sector in North America
In the year 2025, till October 2025, 14 acquisitions happened in Manufacturing Tech sector in North America. Last year, in 2024, a total of 24 acquisitions happened in Manufacturing Tech sector in North America.
Here are some recent, important acquisitions in Manufacturing Tech sector in North America:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 02, 2025 | ||
Business Acquisition | Sep 05, 2025 | ||
Business Acquisition | Aug 21, 2025 | ||
Business Acquisition | Aug 05, 2025 | ||
Business Acquisition | Jul 15, 2025 |
Acquisition trends in Manufacturing Tech sector in North America
Here are the acquisition trends in Manufacturing Tech sector in North America:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | 14 |
2024 | 24 |
2023 | 29 |
2022 | 35 |
2021 | 46 |
2020 | 37 |
2019 | 39 |
2018 | 38 |
2017 | 30 |
2016 | 32 |
IPOs in Manufacturing Tech in North America
In the year 2022, till March 2022, 1 IPO happened in Manufacturing Tech sector in North America.
Here are some recent, important IPOs in Manufacturing Tech sector in North America:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Feb 07, 2022 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Nov 19, 2021 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Oct 18, 2021 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Jul 16, 2021 | Vienna Stock Exchange (VIE) | |
Jul 16, 2021 | Vienna Stock Exchange (VIE) |
Colleges which produce the most Manufacturing Tech companies in North America
Companies founded by alumni from top colleges in the Manufacturing Tech in North America
Most number of Manufacturing Tech startups in North America have been founded by alumni from Stanford University, Massachusetts Institute of Technology and University of California (Berkeley).
College | No. of companies |
|---|---|
Stanford University | 47 |
Massachusetts Institute of Technology | 34 |
University of California (Berkeley) | 23 |
Cornell University | 21 |
University of Pennsylvania | 17 |
Columbia University | 13 |
Harvard University | 13 |
University of Waterloo | 13 |
Carnegie Mellon University | 12 |
University of Toronto | 12 |
Total funding in Manufacturing Tech companies founded by alumni from top colleges in North America
In the last 10 years, Stanford University graduates' Manufacturing Tech companies in North America have raised the most funding among top colleges. Massachusetts Institute of Technology alumni are second, and Columbia University alumni are third.
College | Total Funding |
|---|---|
Stanford University | $1.88B |
Massachusetts Institute of Technology | $1.37B |
Columbia University | $763M |
University of Pennsylvania | $570M |
University of California (Berkeley) | $516M |
Harvard University | $438M |
Carnegie Mellon University | $405M |
Technion Israel Institute Technology | $379M |
Cornell University | $328M |
Harvard Business School | $309M |
Top News in Manufacturing Tech in North America
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Infor Leads Industry Cloud Innovation in the Middle East with Focus on Purposeful TechnologyTahawulTech.com•Oct 15, 2025•Infor
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Infor launches AI suite to boost industry-specific process automationSecurityBrief•Oct 10, 2025•Infor
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Ergodyne Launches New Winter Gear for Outdoor Workers for Harsh ConditionsGlobeNewswire•Oct 10, 2025•Ergodyne
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Zebra Technologies & Tulip Partner to Deliver Mobile-First Experience to Frontline WorkersBusiness Wire•Oct 07, 2025•Zebra, Tulip
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Sinari partners with Esker to offer its customers a complete electronic billing management solutionGlobeNewswire•Sep 25, 2025•Sinari, Esker
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Ergodyne Launches Full Brim Type 2 Helmets Blending Familiar Style, Comfort, and SafetyGlobeNewswire•Sep 23, 2025•Ergodyne
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