VulcanForms raises $500m to accelerate manufacturing expansion

VulcanForms has secured $500 million in capital as it looks to build three new advanced manufacturing factories and further advance the company's integration of physical AI. The financing has been led by J.P. Morgan, as part of its Security and Resiliency Initiative. The funds are to be managed by Apollo. VulcanForms says the investment marks a 'significant milestone in the company's transition from breakthrough manufacturing technology to industrial-scale production.' The company's advanced manufacturing operations lean on metal additive manufacturing, precision machining, automation, and physical AI technologies. This capability is being leveraged by companies in medical devices, consumer products, aerospace, defence, space, and industrial markets, with VulcanForms referring to some projects as 'multibillion-dollar commercial programs.' The construction of three new factories, VulcanForms says, reflects the scale of demand for its technology. They will complement existing facilities in Devens and Newburyport, Massachusetts.