Foundation Alloy, a vertically integrated metal part production platform, announced a $10 million investment co-led by The Engine, the venture firm spun out of MIT that invests in early-stage Tough Tech companies, and Material Impact. Safar Partners also participated in the round.

Foundation Alloy was founded in February 2022 by CEO Jake Guglin, Head of Research & Development Jasper Lienhard, and Professors Chris Schuh (Massachusetts Institute of Technology) and Tim Rupert (University of California Irvine). Its core IP powers the design of metals with properties superior to the current state of the art, and that can be tailored to specific applications across critical industries like aerospace and defense, automotive, energy and industrial manufacturing.