Tech Company Financing Transactions
Foundation Alloy Funding Round
Foundation Alloy, operating out of Cambridge, raised $10.5 million from Material Impact Fund and The Engine.
Transaction Overview
Company Name
Announced On
6/2/2022
Transaction Type
Venture Equity
Amount
$10,500,000
Round
Undisclosed
Investors
Material Impact Fund (Lead Investor) (Carmichael Roberts)
The Engine (Lead Investor) (Milo Werner)
Proceeds Purpose
The funding will accelerate the company's plans to commercialize its integrated approach to part production, enabling flexible production of high performance parts while reducing manufacturing time, waste and energy. Specifically, the capital will go toward a pilot facility to validate and demonstrate the company's technology and value to customers.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Undisclosed
Cambridge, MA 02139
USA
Cambridge, MA 02139
USA
Phone
Undisclosed
Website
Email Address
Overview
Foundation Alloy integrates proprietary alloy design technology from MIT and UC Irvine, advanced manufacturing and automation to recast the metal parts manufacturing industry. FA metals can be fabricated with less time, less energy, and better outcomes than legacy materials, and have superior mechanical properties than the current state of the art. By focusing on scalable, quality advanced manufacturing, FA will provide the performance and production efficiency, flexibility & reliability necessary to unlock the next generations of industrial products.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jacob Guglin
Co-Founder
Jasper Linhard
Co-Founder
Tim Rupert
Co-Founder
Christopher Schuh
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