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2024-07-05 13:55:00 +0300

VulcanForms Announces Capital Raise of $355 Million and Pioneers Industrial-Scale Digital Manufacturing Infrastructure

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Benzinga
By Business Wire

Next generation manufacturing facilities use breakthrough 100-kilowatt laser additive manufacturing technology, automated machining, integrated robotics, and a proprietary digital thread

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VulcanForms serves leading defense, aerospace, medical, and semiconductor companies, supplying precision engineered components and assemblies

VulcanForms, a MIT-born company that builds and operates advanced digital manufacturing infrastructure, announced today it has raised $355 million and is valued at over $1 billion. VulcanForms' investors include Eclipse Ventures, Stata Venture Partners, Fontinalis Partners, D1 Capital Partners, Standard Investments, Atlas Innovate, Boston Seed Capital, Industry Ventures, and the Simkins Family. The company also revealed its first two digital production facilities, in Devens, MA and Newburyport, MA, capturing the full value chain for precision metal components and assemblies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220627005615/en/

VulcanForms' facility in Devens, MA (Photo: Business Wire)

VulcanForms is enabling its customers in critical industries to accelerate innovation, and to shift away from dependence on overseas manufacturing. The Devens' facility, VulcanOne, is powered by a fleet of VulcanForms' proprietary 100-kilowatt class laser powder bed fusion additive manufacturing systems, which will total over 2 megawatts of laser capacity. The Newburyport facility focuses on automated precision machining and assembly operations. Merging these technologies with a digital thread, VulcanForms offers groundbreaking, U.S.-based digital manufacturing infrastructure to its customers.

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