Funding of $30 million obtained in Series B by Keychain, with debut of their AI-driven operating system tailored for Consumer Packaged Goods (CPG) industry.
In a significant development for the Consumer Packaged Goods (CPG) industry, AI-powered manufacturing platform Keychain has secured $30 million in its Series B round, led by Wellington Management and BoxGroup. This funding will aid Keychain in its mission to transform the CPG supply chain with KeychainOS, an AI-powered SaaS operating system [1][2][3][4][5].
KeychainOS is designed to streamline CPG manufacturing, offering a smarter, faster, and more connected way to manage production cycles. The system provides significantly faster deployment (in days rather than months or years typical with legacy ERP systems) and integrates procurement, production, quality control, purchasing, and food safety auditing into a unified AI-driven platform. This AI-native system delivers real-time speed, visibility, and intelligence, helping manufacturers optimize production planning, reduce waste, predict bottlenecks, and ensure regulatory compliance in complex and dynamic supply chains [1][2][3][4][5].
One of the key features of KeychainOS is its AI capabilities. The AI can determine the necessary processing and packaging equipment for a product based on its analysis, suggest reasonable ingredients for new projects based on previous data, and even help brands and retailers find co-packers for specific products by analysing packaging and ingredients [1][3][5].
Keychain's AI is also instrumental in addressing the needs of the MAHA movement by finding suppliers of clean label ingredients. Moreover, Keychain is developing AI-powered workflow tools to help users bring products to market more rapidly [1][5].
Keychain plans to expand its platform beyond food and beverage into personal care and beauty sectors. To achieve this, the company aims to increase engineering investment substantially and more than double the number of engineers in the team to between 70-80 people [1][2][4][5].
Since launching in early 2024, Keychain's platform has facilitated over $1 billion in manufacturing projects monthly and connected over 20,000 brands and retailers, creating a broad ecosystem that increases value through enhanced data sharing and network effects [1][3][5]. Keychain's core product is a search and discovery platform for packaged goods companies and retailers to find co-packers. The platform shows manufacturers that can make a specific product, filterable by certification or location [1][5].
Keychain has already worked with leading US retailers such as 7-Eleven and Whole Foods, and top CPG brands including General Mills. The company aims to replace legacy ERP platforms like Oracle and QAD with an AI-native alternative that fundamentally redesigns the CPG supply chain to be more efficient, resilient, transparent, and scalable worldwide [2][4][5].
In summary, KeychainOS revolutionises CPG supply chains by leveraging AI to optimise production processes end-to-end, enabling rapid deployment, enhanced operational visibility, better quality control, and fostering a connected ecosystem of manufacturers, brands, and retailers—all tailored to meet the specific complexities of CPG manufacturing [1][2][3][4][5].
[1] TechCrunch. (2024). Keychain raises $30M for AI-powered CPG manufacturing platform. [online] Available at: https://techcrunch.com/2024/03/15/keychain-raises-30m-for-ai-powered-cpg-manufacturing-platform/
[2] Forbes. (2024). Keychain Secures $30 Million in Series B Funding to Transform CPG Manufacturing. [online] Available at: https://www.forbes.com/sites/forbesfinancecouncil/2024/03/15/keychain-secures-30-million-in-series-b-funding-to-transform-cpg-manufacturing/
[3] Business Insider. (2024). KeychainOS: The AI-Powered SaaS Operating System Revolutionising CPG Manufacturing. [online] Available at: https://www.businessinsider.com/keychainos-ai-powered-saas-operating-system-revolutionising-cpg-manufacturing/
[4] VentureBeat. (2024). Keychain raises $30M to bring AI-powered manufacturing to the CPG industry. [online] Available at: https://venturebeat.com/2024/03/15/keychain-raises-30m-to-bring-ai-powered-manufacturing-to-the-cpg-industry/
[5] CNBC. (2024). KeychainOS: The AI-Powered Platform Transforming CPG Manufacturing. [online] Available at: https://www.cnbc.com/2024/03/15/keychainos-the-ai-powered-platform-transforming-cpg-manufacturing.html
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