Keychain Secures $30 Million Funding to Launch KeychainOS for CPG Manufacturing

Keychain Secures $30 Million Funding to Launch KeychainOS

In a significant advancement for the consumer packaged goods (CPG) sector, Keychain has announced the successful closure of a $30 million Series B funding round. This financial boost, led by Wellington Management alongside existing investor BoxGroup, comes just 18 months after the company’s inception. The funding is designated for the rollout of KeychainOS, an innovative AI-driven operating system designed to enhance the efficiency of manufacturing operations across the industry.

Founded by Jordan Weitz, Oisin Hanrahan, and Umang Dua, Keychain has seen rapid growth and widespread adoption in the manufacturing domain. The company has already attracted 8 of the top 10 retailers, including prominent names like 7-Eleven and Whole Foods, along with notable CPG brands such as General Mills. This funding round brings Keychain’s total capital raised to $68 million, a remarkable feat considering the industry context, which is valued at a staggering $1 trillion.

Oisin Hanrahan, co-founder and CEO, remarked on the current manufacturing landscape, stating, “Manufacturers face increasing demands to optimize their operations and they need systems that are up to the task.” KeychainOS promises improved visibility and operational intelligence, allowing manufacturers to manage production cycles swiftly and effectively by utilizing AI technology.

Traditional enterprise resource planning (ERP) systems can take extensive time to implement, often leaving manufacturers struggling with complex integration processes. In contrast, KeychainOS is engineered for rapid deployment within days, specifically tailored for the needs of the CPG industry. This agile approach enables users to harness the power of AI to oversee operations, minimize waste, predict potential bottlenecks, and enhance real-time planning decisions.

Tom Hermes, Vice President of Sourcing and Product Development at Whole Foods Market, highlighted the platform’s potential, saying, “Keychain is revolutionizing the connection between buyers and manufacturers, enabling our teams to pinpoint manufacturers who align with our product strategy more effectively.” This streamlined connectivity between manufacturers and brands is vital for meeting market demands.

Since launching its AI-powered sourcing platform in February 2024, Keychain has facilitated over $1 billion in manufacturing projects every month. Furthermore, the platform has integrated more than 20,000 brands and retailers, showcasing its expansive reach and flexibility across various consumer products sectors. Recently, Keychain has entered the beauty and personal care industries, further emphasizing its versatility.

Molly Breiner, Sector Lead of Private Climate Investing at Wellington Management, expressed her optimism regarding Keychain’s trajectory: “Their innovative approach fills critical gaps in the CPG supply chain, providing a more consolidated and efficient alternative to the traditional ERP systems.” This reflects Keychain's commitment to creating a more resilient and coordinated ecosystem for modern manufacturers.

With this significant funding and the introduction of KeychainOS, the company is poised to explore new verticals within the CPG sector. The ongoing expansion into AI capabilities aims to meet the evolving demands of the market, solidifying Keychain’s role as a revolutionary operating solution in manufacturing.

For those interested in exploring the Keychain ecosystem, brands, retailers, and manufacturers can apply to join the platform at www.keychain.com.

About Keychain

Keychain specializes in powering CPG manufacturing through an AI-driven platform that facilitates collaboration between brands and retailers. Backed by prominent investment firms such as Lightspeed Venture Partners and SV Angel, Keychain has cultivated a robust network comprising over 30,000 manufacturers and 20,000 brands and retailers. The company operates from its headquarters in New York and maintains additional offices in Austin and Delhi.