What is Uptool?
Uptool provides an artificial intelligence powered quoting platform designed for machine and fabrication shops. Its software transforms complex requests, drawings, and emails into fast, reliable estimates, effectively removing paperwork bottlenecks. This allows small and midsize manufacturers to respond more rapidly to client needs, increase their win rate for new projects, and foster business growth.
How much funding has Uptool raised?
Uptool has raised a total of $6M across 1 funding round:
Seed
$6M
Seed (2026): $6M with participation from Khosla Ventures, Kleiner Perkins, and Bessemer Venture Partners
Key Investors in Uptool
Khosla Ventures
Khosla Ventures is a venture capital firm founded in 2004, known for investing in breakthrough technologies across various sectors including AI, fintech, and sustainable energy. They provide venture assistance and strategic advice to entrepreneurs.
Kleiner Perkins
Kleiner Perkins is a venture capital firm that invests in early and growth-stage technology and life science companies. They support founders from seed stage through IPO or acquisition with capital and operational expertise.
Bessemer Venture Partners
Bessemer Venture Partners, established in 1911, is a venture capital firm with a global presence. They invest in a wide range of companies, providing capital and strategic guidance to support their growth.
What's next for Uptool?
With this substantial enterprise-level capital infusion, Uptool is poised for significant expansion. The strategic investment suggests a focus on scaling operations, enhancing its AI capabilities, and potentially broadening its market reach. Future developments may include deeper integrations with existing manufacturing workflows and advanced analytics to further optimize the quoting and estimation process for its clientele.
See full Uptool company page
