Forgepoint has raised $9.8 million in a seed round to help manufacturers quote faster and win more business, the company said. The round was led by Primary Venture Partners and a16z speedrun, with angel investors from OpenAI, Brex, Vercel and SoFi also participating.
The funding will be used to bring Forgepoint’s product, Frank, to more manufacturers, deepen integrations with existing systems and expand the team. “A manufacturer’s ability to grow depends on how much work its team can quote, plan, and manage,” said Zach Fredericks, principal at Primary Venture Partners. “Forgepoint is giving those teams more capacity, starting with quoting. We backed Jack and Alex because they understand the details of that work and have a clear ambition to bring the same approach across the entire manufacturing back office.”
How Forgepoint’s Frank speeds the quote-to-order workflow
Frank is an AI-powered inside sales agent designed to accelerate the manufacturing quote-to-order workflow. Forgepoint said it generated seven-figure revenue within six months of launch and has processed more than $4 billion in requests for quotes (RFQs), enabling customers to respond to more inquiries and reduce quoting time.
The agent automates tasks ranging from email parsing to quote generation and follow-ups. According to the company, Frank adapts to each manufacturer’s processes and integrates with existing systems while leaving critical decisions to human oversight.
Forgepoint reported that hundreds of engineers, estimators and sales representatives use Frank each week. Across its customer base, monthly quote throughput has increased by an average of 30%, while the time required to prepare quotes has fallen by more than 55%.
“Before Forgepoint, we were building quotes by hand and barely keeping up. Now, Frank drafts and I can approve it in two minutes. I’m spending less time entering data and more time serving my customers,” said Chas Aday, founder and chief revenue officer of SIP Manufacturing.
