3 years ago

Foundation Alloy Secures $10.5M Seed Funding to Revolutionize Metal Manufacturing

  • Foundation Alloy, a startup specializing in sustainable metal part manufacturing, has raised $10.5 million in seed funding

  • The company, co-founded by MIT and UC Irvine professors, offers a more energy-efficient sintering process, reducing energy consumption by 50%

  • The funding will be used to commercialize their technology and expand their team.

      • ProblemManufacturing

      "Traditional metal manufacturing is inefficient, energy-intensive, and generates significant waste, hindering the development of innovative and sustainable products across industries."

      Solution

      "Foundation Alloy offers a vertically integrated platform for metal part production, combining advanced alloy design, powder manufacturing, and 3D printing to create high-performance metal parts with reduced energy consumption, waste, and lead times, enabling more sustainable and efficient manufacturing processes."

      Covered on