VulcanForms Secures $220M for Scaled Metal 3D Printing
VulcanForms has raised $220 million in a Series E funding round, signaling strong investor confidence in its scaled metal additive manufacturing capabilities.
The significant funding round was led by new investors, includingiconductor entrepreneur and former Intel CEO Pat Gelsinger, and included participation from existing investors such as DL Capital and Fontinalis Partners.
VulcanForms plans to use the capital to expand its manufacturing capacity, invest in research and development, and grow its team. The company aims to scale its metal additive manufacturing operations to meet increasing demand from various industries.
Founded in 2014, VulcanForms has developed proprietary technology for metal 3D printing, focusing on delivering high-quality, high-volume production. The company's approach emphasizes automation and process control to ensure consistency and reduce costs.
This latest funding injection underscores a growing trend of investment in advanced manufacturing technologies, particularly in the additive manufacturing sector, as companies seek to onshore production and build more resilient supply chains.
This substantial investment in VulcanForms highlights the market's validation of scalable metal additive manufacturing. The funding will likely accelerate the industrialization of 3D printing for critical components, potentially impacting sectors like aerospace and defense by enabling more efficient, on-demand production of complex metal parts.
Edited by the news editor with AI from the original report — please refer to the original source.