Foundation Alloy Raises $10.5 Million To Further Its Mission To Leverage Materials Technology To Produce Higher Performance Metal Parts With Less Energy

Foundation Alloy, a vertically integrated metal part production platform, today announced a $10 million investment co-led by The Engine, the venture firm spun out of MIT that invests in early-stage Tough Tech companies, and Material Impact. Safar Partners also participated in the round. The funding will fuel Foundation Alloy’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