Loading organizations...

Jet is a technology company.
Jet.com was an American e-commerce platform that dynamically adjusted product pricing to provide cost savings for online shoppers. The company developed a sophisticated real-time pricing algorithm, which optimized costs by factoring in elements such as multi-item purchases from a single distribution center, customer decisions to waive returns, or the use of less expensive payment methods. This approach aimed to drive efficiency and pass savings directly to the consumer.
The company was co-founded in April 2014 by Marc Lore, Mike Hanrahan, and Nate Faust, officially launching its services in July 2015. Lore, who previously founded and sold Diapers.com to Amazon, identified an opportunity in the market for an online retailer focused on value. His insight posited that a segment of consumers would prioritize significant price reductions over premium services like expedited shipping, laying the groundwork for Jet.com's customer-centric pricing model.
Jet.com targeted online shoppers seeking maximum value and lower transaction costs for everyday goods. Its initial vision was to redefine online retail by making products as affordable as possible, even exploring a membership model to achieve this. Ultimately acquired by Walmart, Jet.com’s core technologies and strategic approach to competitive pricing were integrated to enhance the acquiring company's broader e-commerce capabilities and reach.
Jet has raised $920.0M across 5 funding rounds.
Jet has raised $920.0M in total across 5 funding rounds.
Jet has raised $920.0M in total across 5 funding rounds.
Jet's investors include Bain Capital Ventures, Bam Ventures, Big Sky Health, Canaan Partners, Norwest Venture Partners, Scale Venture Partners, Baron Davis, Chris Moore, 645 Ventures, Bessemer Venture Partners, BoxGroup, General Catalyst.
Jet Technologies, Inc., based in Elkhart, Indiana, is a manufacturing company specializing in custom design, engineering, fabrication, CNC machining, thermoforming, assembly, and materials distribution for plastics, woods, composites, and more.[1][4][5] It serves diverse industries like marine, recreational vehicles, mass transit, and others by transforming client ideas into finished products through a single-source supply chain, with over 200 employees across 150,000+ square feet of facilities.[1][4][5] Founded nearly 30 years ago, the company emphasizes quality, competitive pricing, swift delivery, and innovation via tools like CNC panel saws and 3D print farms for prototyping and production.[1][4]
Note: Multiple entities share similar names, including a PCB manufacturer in Wisconsin (founded 1971, ~$4M revenue)[3], a Sydney-based label printing supplier[6], a Taiwanese ICT machine maker (1988)[7], and Jet Jet Technologies (software development from 2010 internet origins)[2]. This profile focuses on the prominent Indiana firm matching "Jet Tech" descriptions as a technology-enabled manufacturer.[1][4][5]
Jet Technologies, Inc. was founded in 1996 in Elkhart, Indiana, with a mission to deliver creative products at competitive prices quickly while prioritizing customer engagement.[1][4] Starting as a custom plastics fabricator, it evolved by expanding material capabilities to woods and composites, growing from a single operation to five plants and a workforce of over 200.[4] As a privately owned company, it has maintained stability through strong employee, customer, and vendor relationships—some spanning 28+ years by 2024—driving consistent innovation and market leadership in custom manufacturing.[1][4]
Jet Technologies rides the trend of advanced manufacturing and Industry 4.0, integrating digital tools like CNC automation and 3D printing into traditional fabrication to enable faster prototyping and customization.[1] Timing aligns with rising demand for localized, agile supply chains post-global disruptions, favoring U.S.-based firms like this Indiana operation amid reshoring in RV, marine, and transit sectors.[4][5] Market forces include growth in recreational and mass transit industries, where custom, lightweight composites reduce complexity; the company influences the ecosystem by streamlining OEM production, fostering long-term partnerships, and exemplifying stable, family-like manufacturing resilience.[1][4]
Jet Technologies is poised for continued expansion in custom manufacturing, leveraging its tech stack for high-mix, low-volume demands in growing sectors like EVs and sustainable materials. Trends like AI-driven design optimization and additive manufacturing will amplify its edge, potentially boosting revenue beyond current estimates (~$16M).[5] Its influence may evolve toward deeper supply chain integration, solidifying its role as a reliable U.S. innovator amid global shifts—transforming more ideas into reality with precision and speed.[1][4]
Jet has raised $920.0M across 5 funding rounds. Most recently, it raised $350.0M Other Equity in November 2015.