Monday, October 14, 2024

Fortius Metals Secures $2M for Advanced Aerospace 3D Printing

Fortius Metals, Inc., an innovative metal 3D printing company, is pleased to announce the successful closure of an additional $2 million in their Seed+ funding, bringing the total raised in the financing round to $5 million.  This latest funding infusion follows previous investments of $3 million and includes the addition of new strategic investor Finindus, who joined after receiving clearance from the Committee on Foreign Investment in the United States (CFIUS). Previous investors in the round include 412 Venture Fund, AM Ventures, and M7 Holdings.  The successful capital raise, despite uncertain venture conditions, underscores the strong confidence in Fortius Metals’ innovative approach to wire-based additive manufacturing and its potential to revolutionize the industry.

Fortius Metals is a large format additive manufacturing company that specializes in advanced materials, to help customers develop solutions previously not possible with robotic 3D printing. Fortius Metals’ patented technology enables welding and wire additive manufacturing using high-performance metal alloys to meet the rigorous requirements of aerospace and defense customers. Fortius customers and partners include the Army, Navy, Air Force, and NASA, as well as several defense primes and commercial space companies.

“Fortius Metals has received broad interest from customers and this investment helps bring new products to market, such as our proprietary 6061-RAM2 and 7075-RAM2 aluminum welding wires that solves traditional “hot cracking” problems,” said Jeff Lints, Fortius CEO. “We are helping our customers print designs using our robotic welding process expertise that were previously impossible.  In 2025, the company looks forward to launching new wire alloys with advanced properties like IN625-RAM, 316L-RAM, and 5183-RAM.  We are proud to be a Colorado company along with many of our space and defense customers.”

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The proprietary alloys developed by Fortius Metals offer up to twice the strength of current commercial solutions used in welding and 3D printing. This provides customers with significant advantages in terms of design performance, product quality, and weight reduction. The company also offers robotic welding process expertise and proprietary predictive toolpaths that deliver dimensional accuracy, helping customers bring innovative designs to life with unmatched precision. The additional capital will help to accelerate these developments and enable Fortius to meet the timelines of customers who are eager to adopt this cutting-edge technology.

“Fortius Metals is pushing the boundaries of wire-based additive manufacturing with their unique materials and process expertise. We are excited to support their mission to revolutionize the production of large and complex parts without compromising material performance. This partnership aligns perfectly with our commitment to fostering innovative and sustainable industrial technologies,” said Roel Callebaut, Senior Investment Manager at Finindus.

Founded to develop nanostructured metal alloy wires for robotic additive manufacturing, Fortius Metals envisions reshoring the metal manufacturing supply chain while creating high-skilled manufacturing jobs across American factories.

SOURCE: PRNewswire

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