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Bloom Raises $3.6M in Seed Funding to Expand AI Marketplace for Hardware Supply Chains
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Bloom, a Detroit startup, raised $3.6 million in seed funding to expand its AI-native marketplace for hardware supply chains. SNAK Venture Partners led the oversubscribed round, joined by Flyover Capital, Mana Ventures, Detroit Venture Partners and others. The capital will support business development, BloomPay financing and AI agents.
Founded in 2023 by Justin Kosmides, Chris Nolte and Hitesh Chudasama, Bloom is headquartered at Newlab at Michigan Central in Detroit. It targets companies building drones, robots, electric vehicles and other hardware that need faster access to vetted suppliers and service providers. Its platform combines provider matching, booking and BloomPay financing in one system.
More than 140 hardware companies have used Bloom, completing over 2,000 successful matches, according to the company. Bloom describes itself as an AI-native B2B marketplace focused on hardware supply chains and domestic industrial production. The startup said the platform improves its matching process as more jobs are completed.
The funding will expand three areas: business development, BloomPay and agentic booking. Business development aims to bring more hardware brands and service providers onto the platform. BloomPay will give brands payment terms while helping providers get paid faster, and AI agents will handle intake, matching, quoting, negotiation and scheduling.
Co-founder and CEO Justin Kosmides said he spent years moving his prior company’s production from China to Detroit. He argued hardware companies should not need months and a lucky introduction to find a factory that ships on time. Bloom turns that search into a request, a qualified match and a real booking, he said.
Sonia Nagar, co-founder of SNAK Venture Partners, said early signs of network effects are already visible. Most brands buy across more than one service category, and providers call Bloom their most productive source of new business. Hardware supply chains have long run on personal connections, and Bloom is bringing them online.
Bloom plans to use the seed round to deepen its marketplace and attract more participants. As more jobs are completed, the company expects its AI matching to become more effective. The startup is betting that reindustrialization efforts will drive demand for faster, more reliable procurement.
