Fortius Metals: 3D Printing Company Raises $2 Million (Seed+)

By Amit Chowdhry ● Oct 15, 2024

Fortius Metals – an innovative metal 3D printing company – announced the closing of an additional $2 million in their Seed+ funding, bringing the total raised in the financing round to $5 million. This latest funding round 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). The previous investors in the round include 412 Venture Fund, AM Ventures, and M7 Holdings.

This funding round highlights 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. And 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.

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

KEY QUOTES:

“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. 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.”

-Jeff Lints, Fortius CEO

“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.”

-Roel Callebaut, Senior Investment Manager at Finindus

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