SendCutSend raises $110M as AI adoption spreads across machinery industry

SendCutSend, a sheet metal manufacturing startup, raised $110 million in funding. Co-founder and CEO Jim Belosic bootstrapped the company using debt before this capital raise.

96% of machine builders have started to deploy AI in internal operations, and many have brought AI features into machine software and machines themselves, according to a survey by IoT Analytics of 120 decision-makers across 22 machinery sub-industries.

In Q1 2026, Lightwheel closed approximately $100 million in orders across Physical AI infrastructure, including simulation, data generation, evaluation, and deployment-oriented systems.