Funding Led by Innovius Capital, with Participation from Stage 2 Capital, TIA Ventures, C2 Ventures, and Calvary Ventures LLC. Proceeds to Drive Product Innovation, Team Expansion, and Enhanced Service for Job Shops.

Steelhead Technologies, a leading provider of integrated manufacturing management solutions for job shops, today announced the successful completion of a $12.5 million Series B funding round. This milestone brings Steelhead’s total funding to $23 million, underscoring its commitment to revolutionizing the job shop manufacturing industry with cutting-edge technology.

The U.S. manufacturing sector relies on thousands of contract manufacturing companies providing essential services such as anodizing, plating, powder coating, casting, fabrication, machining, and assembly. These specialized firms offer OEMs critical expertise and turnkey capacity but often struggle with operational inefficiencies due to outdated systems like paper-based processes, homemade software, legacy ERP, and Excel. These fragmented systems hinder customer service, create unpredictable lead times, obscure profitability, and lead to high overhead costs and wasted time.

Steelhead Technologies is set to change this. Guided by its mission to "drive prosperity and productivity in job shop manufacturing by reducing transaction costs and creating actionable insights," Steelhead offers an all-in-one solution designed to modernize operations. This integrated approach reduces job processing costs, enhances operational transparency, and streamlines workflows across the entire operation. Key features include real-time parts tracking, job-level margin visibility, quality management, certifications, inventory, HR management, customer relationship tracking, and seamless accounting integration, all aimed at improving efficiency and providing actionable insights.

Strategic Partnership with Innovius Capital

The partnership with Innovius Capital brings more than just funding. Steelhead will gain access to a vast network of talent, advisors, and expertise, helping to sustainably scale its transformative technology.

"Innovius Capital is proud to support Steelhead Technologies as they bring vital modernization to the job shop sector," said Justin Moore, CEO of Innovius Capital. "The job shop market represents a massive opportunity, encompassing over 30,000 contract manufacturers in the U.S., each providing specialized services essential to the broader manufacturing industry. This sector has long been underserved by technology, making it ripe for digital transformation. Steelhead's focus on modernizing these operations has the potential to significantly impact U.S. manufacturing by driving efficiency, reducing costs, and enhancing productivity. Our belief in empowering under-digitized industries with modern technologies aligns perfectly with Steelhead's mission to revolutionize job shop operations."

Accelerating Growth and Customer Success

Over the past 12 months, more than 90 job shop manufacturers have adopted Steelhead’s platform. The company’s team has grown to over 75 professionals, all dedicated to delivering the tools and services job shops need to thrive.

"Steelhead’s manufacturing execution software has been a game-changer for our metal finishing business," said Andrew Kossowski, of Veterans Metal, a metal finishing shop in Largo, Florida. "It enabled us to pass NADCAP audits with a fully digital plant floor and provides accurate tracking of production margins. The system’s efficient workflows and financial insights have significantly improved our operations. The Steelhead team is professional, responsive, and committed to our success, making them a trusted partner in our growth. We deeply value our partnership and look forward to continuing it."

A Focus on Innovation

Steelhead remains committed to addressing its customers’ evolving needs. Its end-to-end platform includes robust features for quoting, sales orders, digital production floors, job costing, inventory management, shipping, timesheets, and invoicing. New capabilities such as advanced analytics, native accounting, and a customer portal ensure seamless collaboration and customer satisfaction. Steelhead’s vision is to make it as easy as possible for customers to partner with job shops, supporting the coming decades of U.S. manufacturing.

"Every day, our team is passionately focused on building and delivering the most impactful technology for job shops," said Jeff Halonen, CEO of Steelhead Technologies. "This funding gives us the chance to accelerate our vision for the future of job shop manufacturing. The days of costly, paper-based production are behind us. With a digital-first approach, we can help our customers make a transformative leap forward—reducing overhead, improving transparency, and driving unprecedented growth and efficiency.""