Key Takeaways
- • SendCutSend, a Reno, Nev.-based custom metal parts manufacturer, raised a Series B led by Spark at a $2.1 billion valuation, with participation from CRV, MHS, Sequoia, and Paradigm, according to Fortune.
- • The round follows a Series A earlier in 2026 that valued the company at $1.1 billion; Sequoia partner Andrew Reed led that initial institutional round after co-founder Jim Belosic had long avoided venture capital.
- • Belosic says the company has scaled to nine-figure revenue without a major institutional VC round, and that capital will be deployed into payroll, shorter lead times, and regional production locations.
- • Customers include Zipline, Telo Trucks, Neros, Waymo, K2 Space, Relativity, Anduril, and Castelion, along with 60% of the Fortune 500.
Summary
SendCutSend, a Reno, Nev.-based company that converts customer designs into custom metal parts, has raised a Series B round led by Spark at a $2.1 billion valuation, according to Fortune. CRV, MHS, Sequoia, and Paradigm also participated. The round came about five months after a Series A, led by Sequoia partner Andrew Reed, that valued the company at $1.1 billion. Fortune notes that the company announced the Series B on the same day as the article and that it was given the story without an exclusive interview.
The company was cofounded in 2018 by Jim Belosic, who developed the business from a laser-cutting process he had used in building a steam-powered car. Its first order was for pickleball-related keychains, and demand grew from there. SendCutSend addresses a manufacturing gap for small custom metal orders, and its customers include Zipline, Telo Trucks, Neros, Waymo, K2 Space, Relativity, Anduril, and Castelion, as well as 60% of the Fortune 500.
Belosic said he avoided venture capital for years and described himself as an owner rather than a Silicon Valley founder aiming for an IPO. He said he intends to use investor capital to fund payroll, saying he wants to "take VC dollars and put it directly in the payroll." Reed said the company's nine-digit revenue without a major institutional round was a strong signal, and argued that the new capital could shorten lead times and support locations closer to customers. Belosic also framed SendCutSend as a "foundational layer" in U.S. reindustrialization.
The company was cofounded in 2018 by Jim Belosic, who developed the business from a laser-cutting process he had used in building a steam-powered car. Its first order was for pickleball-related keychains, and demand grew from there. SendCutSend addresses a manufacturing gap for small custom metal orders, and its customers include Zipline, Telo Trucks, Neros, Waymo, K2 Space, Relativity, Anduril, and Castelion, as well as 60% of the Fortune 500.
Belosic said he avoided venture capital for years and described himself as an owner rather than a Silicon Valley founder aiming for an IPO. He said he intends to use investor capital to fund payroll, saying he wants to "take VC dollars and put it directly in the payroll." Reed said the company's nine-digit revenue without a major institutional round was a strong signal, and argued that the new capital could shorten lead times and support locations closer to customers. Belosic also framed SendCutSend as a "foundational layer" in U.S. reindustrialization.
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