Foundation Alloy, a company developing advanced materials and manufacturing processes to overhaul metal parts production, has raised $22.0M in Series A funding. The capital will fuel its efforts to integrate proprietary alloy design technology from MIT and UC Irvine with automation, creating metals that offer superior mechanical properties and can be fabricated with less time and energy than current methods.
The round drew investment from a notable syndicate including Voyager Ventures, Trust Ventures, Yamaha Motor Ventures, America's Frontier Fund, Material Impact, Engine Ventures, El Cap, and Kanematsu Corporation.
