Silkline, a Seattle startup using AI to help advanced manufacturing companies manage their supply chains, raised $4 million in seed funding, the company announced Wednesday.
Founded in 2023, Silkline aims to reduce production delays by simplifying and lowering the cost of sourcing materials from multiple suppliers. AI-enabled requests for quotes and purchase orders are among its recently released features.
The fresh cash will help Silkline accelerate its development of AI-powered capabilities.
Silkline customers include manufacturers in aerospace, energy, defense and robotics, including Helion Energy (Everett, Wash.), Starfish Space (Tukwila), and Portal Space (Bothell).
In July, Silkline projected it would triple revenue in 2025. Since then, the company says revenue has grown fivefold year-over-year.
The company says its growth is being driven in part by a “network effect,” in which 20% of new customers are suppliers who received an RFQ generated by the Silkline platform.
“Supply chain teams in advanced manufacturing are struggling with missed production deadlines, RFQ to order management, and increasing demands from their customers,” Isaac Chambers, co-founder and CEO of Silkline, said in a statement. “This round of funding helps Silkline deliver more AI capabilities and reach further into the advanced manufacturing market so all modern hardware companies can experience a fully connected supply chain.”
Silkline currently employs five people.
The funding round was led by Origin Ventures with participation from Forward Deployed VC, 25madison, Matchstick Ventures, Barrel Ventures, and Plow Ventures.
