VulcanForms, a Burlington, MA-based MIT-born company that builds and operates advanced digital manufacturing infrastructure, raised $355m and is valued at over $1 billion.
Backers included Eclipse Ventures, Stata Venture Partners, Fontinalis Partners, D1 Capital Partners, Standard Investments, Atlas Innovate, Boston Seed Capital, Industry Ventures, and the Simkins Family.
Founded in 2015 by Martin C. Feldmann and Professor John Hart, of MIT, VulcanForms builds and operates advanced digital infrastructure enabling critical industries to innovate, grow, and deliver sustainable impact. The company has grown to over 300 employees hiring engineering, operations, and commercial leaders from Google, General Electric, Pratt & Whitney, Precision Castparts, IPG Photonics, Faro Technologies, Schlumberger, Alcoa, Autodesk, among others.
Customers include companies in the aviation, space, defense, medical, semiconductor, and other critical industries. For instance, the company supplies over a dozen U.S. Department of Defense programs, including the F35 Joint Strike Fighter and Patriot Air Defense System, has delivered thousands of components for the semiconductor industry, and is enabling innovation in medical implants.
VulcanForms also revealed its first two digital production facilities, in Devens, MA and Newburyport, MA, capturing the full value chain for precision metal components and assemblies.
The Devens’ facility, VulcanOne, is powered by a fleet of VulcanForms’ proprietary 100-kilowatt class laser powder bed fusion additive manufacturing systems, which will total over 2 megawatts of laser capacity. The Newburyport facility focuses on automated precision machining and assembly operations.
FinSMEs
05/07/2022