AI-Powered Manufacturing Platform Keychain Raises $18M in Seed Funding

Startup Aims to Revolutionize CPG Industry by Streamlining Product Development Pipeline

Keychain, a new startup co-founded by former Angi CEO Oisin Hanrahan, has raised $18 million in seed funding led by Lightspeed Venture Partners, with participation from Box Group, Afore Capital, and SV Angel.
The company aims to revolutionize the consumer packaged goods (CPG) manufacturing industry by using artificial intelligence to match brands with suitable manufacturing partners.
Keychain's platform is designed to significantly speed up the product development pipeline, potentially reducing the time it takes to get a product on the shelf by 25 to 50 percent.
The platform is currently invite-only, but plans to open to select retailers and brands next year.
Keychain's long-term goal is to assist businesses with the entire manufacturing process, including sourcing, onboarding, and compliance.