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Re:Build raises $2.1bn for the factory behind the start-up

General Catalyst and JPMorganChase are backing a US manufacturing group spanning defence, robotics and other sectors. The funding buys capacity to expand, while its employment and production promises remain future tests.

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A new drone design can attract capital long before anyone has arranged a production line for it. Re:Build Manufacturing’s $2.1bn funding round is a bet on the work between those two events: engineering a product, finding suppliers and making it repeatedly in the United States.

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