Best Industrial Goods and Manufacturing Companies in Minnesota, United States
The 243 best Industrial Goods and Manufacturing companies in Minnesota, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Proto Labs.
Our analysis of 81 Industrial Goods and Manufacturing companies
$7.0b in tracked funding; 85% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Industrial Goods and Manufacturing companies in Minnesota
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Proto Labs Provider of rapid prototyping and on-demand production manufacturing services | $52M | 132 mo ago | Public | Daniel Cohn Managing Director | 1999 | SentryUnbounceAddsearch+22 | 55 patents Automated cost quoting and manufacturability analysis for injection molding and additive manufacturing. | 1 launch |
| 2 | Fulcrum Developer of cloud manufacturing software providing job tracking and production scheduling | $22M | 36 mo ago | Series A | Yu Han Founder & CEO | 2015 | WebflowVimeoGSAP+27 | 15 patents Digital fintech platforms for private monetary authority and hierarchical client intake management | — |
| 3 | GrabCAD Cloud-based design collaboration software | $15M | 164 mo ago | Acquired | — | 2009 | WordPressMySQLPHP+21 | — | 2 launchs |
| 4 | Phygen Provider of advanced surface enhancement coatings for tooling 45Funding top 34%Tech bottom 46%Patents bottom 46%Global bottom 42% All 5 signals ▾Fundingtop 34% Techbottom 46% Patentsbottom 46% Globalbottom 42% Innovationbottom 41% Funding: Raised $12.1M across 4 rounds · 4 rounds over 18 yrs (0.2/yr) Tech: 21 technologies across 3/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 45/100 | $12M | 10 mo ago | Early Stage | — | 1994 | — | 16 patents Spinal fixation and interspinous implant devices for vertebral stabilization | — |
| 5 | Exosite Acoustics based condition monitoring solutions | $3M | 130 mo ago | Series A | — | 2009 | — | 18 patents Secure IoT device provisioning, network access, and blockchain scalability solutions. | — |
| 6 | Ultra Green Provider of biodegradable food packaging products | $2M | 129 mo ago | Seed | Mack Traynor CEO | 2007 | Cart FunctionalityWooCommerceWordPress+25 | — | — |
| 7 | Third Wave Systems Material-based modeling software | $2M | 198 mo ago | Funding Raised | Kerry Marusich Founder & CEO | 1993 | WordPressMySQLPHP+32 | — | 2 launchs |
| 8 | Interlaken Technology Manufacturer of testing equipment and systems for research institutions & the metal forming industry | $1M | 201 mo ago | Acquired | — | 1980 | — | — | — |
| 9 | TetraKO Provider of fire protection equipments | $996K | 184 mo ago | Seed | Doug Ruth Founder & CEO | 2009 | — | — | — |
| 10 | Machine Safety Management Provider of machine management software | $220K | 145 mo ago | Seed | Jack Reiter Presidient/CEO | 2010 | — | — | — |
| 11 | Beacon Manufacturing Group Provider of engineering solutions for manufacturing industry | — | 64 mo ago | Acquired | Bob May CEO | 2020 | — | — | — |
| 12 | IKONICS Developer and manufacturer of photo-chemical imaging systems | — | 191 mo ago | Acquired | Bill Ulland Co-CEO | 1952 | WordPressApple iCloud MailMySQL+22 | 44 patents Multilayer printable films for dye‑sublimation transfer and panel abrasive‑particle removal | 1 partnership |
| 13 | HB Fuller Manufacturer of adhesives and sealants for diverse industries | — | 220 mo ago | Public | Celeste Mastin CEO and President | 1887 | SitecoreTypeScriptSalesforce+36 | 892 patents Patents concentrated in chemistry & materials | — |
Top 12 Industrial Goods and Manufacturing companies in Minnesota
#1
Early Stage · Minneapolis, Minnesota · founded 1994 · 11 employees$12.1Mraised▾
Provider of advanced surface enhancement coatings for tooling. This company develops and applies proprietary coatings designed to significantly extend the lifespan of dies, molds, and tooling used in various manufacturing processes. The coatings address common issues such as wear, oxidation, and galling, resulting in reduced downtime and maintenance costs. A holistic approach is employed, involving a thorough assessment of the application to optimize coating performance. The coating application process is dedicated to each client's parts, ensuring quality and preventing cross-contamination. The technology utilizes a high-energy plasma acceleration process to create a dense, durable coating with superior adhesion.
- Aug 2025Grant (prize money)$129.1K
- Apr 2018Unattributed$2M
- May 2009Grant (prize money)$5M
- Sep 2008Grant (prize money)$5M
#2
Series A · Minneapolis, Minnesota · founded 2015 · 43 employees$21.9Mraised▾
Developer of cloud manufacturing software providing job tracking and production scheduling. The software offers BOM and routing building, sales order quoting, and purchase planning. It features live insights, inventory management, and custom reporting. The software also provides quality control, traceability, and finance reporting capabilities. It supports CNC machine shops and sheet metal fabrication.
- 2023Series A$18M
- Oct 2022Series A$18.8M
- Aug 2020Seed$3.1M
#3
Public · Maple Plain, Minnesota · founded 1999 · 2415 employees$52.2Mraised▾
Provider of rapid prototyping and on-demand production manufacturing services. The company offers injection molding, CNC machining, three-dimensional printing, and sheet metal fabrication. Services include prototyping, production, design guidelines, and various finishing options. The company provides material selection across plastics, metals, and elastomers.
- Jun 2015Grant (prize money)$150K
- Aug 2008Series A$52.2M
#4
Acquired · Eden Prairie, Minnesota · founded 2009 · 1132 employees$14.7Mraised▾
GrabCAD is a cloud-based design collaboration software. The product offerings include GrabCAD Workbench, a design collaboration tool to manage, view, and share CAD files. The features of the product include file locking, revision management, support for all CAD formats, cloud-based, etc. It also offers GrabCAD Print, a 3D printing software with features such as tracking materials, print preparation, scheduling, real-time notifications, etc.
- Oct 2012Series B$8.2M
- Jan 2012Series A$5.2M
- Jun 2011Seed$1.1M
- Mar 2011Seed—
#5
Series A · Minneapolis, Minnesota · founded 2009 · 42 employees$2.7Mraised▾
Exosite’s data platform empowers companies to quickly prototype and deploy their own Internet of Things solution using the web service APIs. It's system is architected with product developers in mind, meaning it has a built-in framework that eliminates the complexities of infrastructure and simplifies IoT development. Their Platform makes it easy for product developers to create cloud-capable products. Texas Instruments recently released the Connected LaunchPad Evaluation Kit which uses the Tiva C Series TM4C1294 microcontroller and ships with Exosite application code already flashed onto the chip Has a office in Taiwan also.
- Jul 2015Series A$2M
- Sep 2014Seed$375.4K
- Feb 2012Seed$50K
- May 2010Seed$300K
#6
Seed · Mound, Minnesota · founded 2007 · 5 employees$2.3Mraised▾
Ultra Green Packaging is a provider of biodegradable food packaging products. It manufactures and designer sustainable and eco-friendly packaging products for food packaging. It also manufacturer customized packaging products. The clientele includes US Foods, Lipari, Joshen Paper & Packaging, Western Paper Distributors, etc.
- Sep 2015Seed$130K
- Jul 2013Seed$325K
- Oct 2011Seed$1.2M
- Oct 2010Seed$337.5K
#7
Funding Raised · Minneapolis, Minnesota · founded 1993 · 42 employees$2.3Mraised▾
Third Wave Systems is a provider of material-based modeling software. The product offerings include AdvantEdge, a finite element analysis software to analyze the machining process and the features include defining tool geometry, tool & material selection, analyzing temperature & stress, etc; Production Module, a numerical control toolpath optimization software with features as balancing tool loads, analyzing tool path, forces, temperature, etc. It also provides services such as material modeling, high-performance computing, and training. The application of the is in industries such as aerospace engines, aerospace structures, automotive, medical, and cutting tools.
- Dec 2009Grant (prize money)$1.6M
- Jul 2009Grant (prize money)$700K
#8
Acquired · Chaska, Minnesota · founded 1980 · 20 employees$1.2Mraised▾
Provider of metal forming and designing services based in Chaska, Minnesota. The company provides advanced metal forming, parts production, system design and construction and testing solutions and engineering services to the customers and also offers material selection, tool designing, finite element analysis simulation, concept consulting, prototyping and development and product designing services.
- Sep 2009Grant (prize money)$548K
- Aug 2009Grant (prize money)$548K
- Jan 2008Grant (prize money)$149.9K
#9
Seed · Saint Paul, Minnesota · founded 2009$996Kraised▾
Provider of fire protection equipments
- Feb 2011Seed$996K
#10
Seed · Eden Prairie, Minnesota · founded 2010 · 11 employees$220Kraised▾
Machine Safety Management is a provider of machine safety management software solution. The features of the product are machine life cycle tracking, photo documentation of machines, machine history and logging, machine remote access, etc. It also provides products such as Port-A-Table machine bases, Easy Off Power controls, etc.
- Apr 2014Seed$220K
#11
Acquired · Alexandria, Minnesota · founded 2020 · 197 employees—raised▾
Provider of engineering services intended to solve manufacturing problems. The company offers best-in-class capabilities, technical problem-solving skills and the engineering know-how to solve complex manufacturing problems.
- Jan 2021Seed—
- Jan 2021Conventional Debt—
#12
Acquired · Duluth, Minnesota · founded 1952—raised▾
Developer and manufacturer of photo-chemical imaging systems
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Industrial Goods and Manufacturing coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Additive Manufacturing in Minnesota is moving
A read on the academic research around Additive Manufacturing in Minnesota — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 52 papers.
University of Minnesota leads Minnesota's additive-manufacturing research, focusing optimistically on biomedical 3D printing and advanced materials, with breakthroughs and advancements dominating over concerns.
- University of Minnesota39
- University of Minnesota System6
- University of Minnesota Medical Center4
- University of St. Thomas - Minnesota2
- Southwest Minnesota State University2
- 3D printing2→5
- 3D printing2→7
- 3d printed1→3
- 3D printing3
- 3d printed2
- Waterproofing1
- Extrusion1
- Porosity1
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.