First Resonance Raises $12.5M in Latest Round
Deal News | Dec 23, 2024 | DFJ Frontier
First Resonance, a manufacturing startup grounded in the hard tech boom, has successfully raised $12.5 million in an extension round. This funding initiative was spearheaded by New York's Third Prime and included key contributions from Blue Bear Capital based in Century City. The capital infusion elevates First Resonance's total funding to $32 million. Founded in 2020 by ex-SpaceX engineers, the company is at the forefront of transforming manufacturing processes and infrastructure. CEO Karan Talati underscores the shift in manufacturing dynamics as geopolitical and labor cost structures drive a new wave of global manufacturing redistribution.
Sectors
- Manufacturing
- Aerospace
- Venture Capital
Geography
- United States – First Resonance is based in the US and the funding round involved US-based firms, reflecting the geography of both operations and investment.
- China – The article references labor costs and geopolitical tensions related to China, which plays a role in the shifting dynamics of global manufacturing.
Industry
- Manufacturing – The article relates to the manufacturing industry, as First Resonance focuses on transforming manufacturing processes.
- Aerospace – First Resonance was cofounded by former engineers from SpaceX, a company in the aerospace sector, focusing on rapid manufacturing development.
- Venture Capital – The funding process for First Resonance included venture capital investment from firms like Third Prime and Blue Bear Capital.
Financials
- $12.5M – The amount of money raised by First Resonance in the extension round.
- $32M – The total funding amount secured by First Resonance to date.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| First Resonance | Target Company | Company | A manufacturing startup cofounded by former engineers at SpaceX, focusing on rapid manufacturing development. |
| Third Prime | Lead Investor | Company | A New York-based venture capital firm leading the $12.5 million extension funding round for First Resonance. |
| Blue Bear Capital | Investor | Company | A Century City-based firm participating in the funding round for First Resonance. |
| Karan Talati | CEO and Cofounder | Person | Cofounder and the chief executive of First Resonance. |
| DFJ Frontier | Investor | PE Firm | A private equity firm with an investment interest in First Resonance. |