BOSTON, MA, Foundation Alloy has announced a $22 million Series A financing round.
Foundation Alloy, the 21st-century metals company building a new way to engineer alloys, has announced $22 million in Series A financing to scale production on its MetalsFIRST platform-a fully integrated, solid-state metallurgy technology-to industrial volumes. The round was led by Voyager Ventures, with participation from Trust Ventures, Yamaha Motor Ventures, America's Frontier Fund, Overlap Holdings, Material Impact, Engine Ventures, and El Cap. An additional investment was made by Kanematsu Corporation, a global Japanese trading house, which signed a definitive distribution partnership and is bringing Foundation Alloy's materials to major industrial customers across Japan and Southeast Asia. Foundation Alloy products, all manufactured in the United States, are being piloted by customers today across North America, Europe and Japan.
Foundation Alloy is the 21st-century metals company. MetalsFIRST is a fully integrated, solid-state platform that ends the melt-based era of metals manufacturing. New alloys go from design to production in months instead of years, and finished parts ship in days with advanced performance legacy methods cannot match.
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