VulcanForms has closed an oversubscribed 220 million USD financing round.
The round was led by Eclipse and 1789 Capital, with participation from Washington Harbour, Fontinalis, IEQ Capital, and others. It follows an earlier funding round in 2022, which saw VulcanForms raised more than 350 million USD.
VulcanForms says the success of this financing round reflects 'growing demand for secure domestic production' and will help the company to support the United States' advanced manufacturing capability. The company is hoping to contribute to the US supply chain with a fully integrated digital factories designed for production-grade manufacturing at scale. In recent years, VulcanForms is said to have moved from development into scaled industrial production, securing 'large multi-billion dollar commercial programs' across numerous market verticals including medical devices, consumer products, aerospace, defence, and industrial segments.
These facilities combine advanced metal additive manufacturing technologies, precision machining, automation, inspection, and proprietary AI-enabled software into a 'single end-to-end workflow.' VulcanForms says the raising of an additional 220 million USD enabled the continued execution of its technology roadmaps, as well as R&D programs that will seek to further strengthen its platform, advance its materials portfolio, and support future capacity expansion.
"American manufacturers need a domestic alternative that can compete with global production at scale with superior speed and precision," said Kevin Kassekert, CEO of VulcanForms. "This financing enables us to meet surging demand and expand our role as a critical partner to companies rebuilding resilient domestic supply chains."
“1789 Capital is thrilled to support VulcanForms, a company revitalising America’s industrial strength and sharply reducing our dependence on foreign suppliers,” added Omeed Malik, President of 1789 Capital. “By restoring high-skilled manufacturing jobs to American soil, VulcanForms is helping to drive the next great chapter of American prosperity.”
"Rebuilding America’s industrial capacity requires bold engineering and the ability to manufacture at scale, and VulcanForms has proven it can deliver both," offered Greg Reichow, Partner at Eclipse. "Their platform brings production of mission-critical components back onshore with unmatched precision, speed, and reliability. Eclipse is proud to back a team that is delivering real industrial output today while shaping the future of American manufacturing."
