VulcanForms Raises $355 Million, Reveals Two MA Digital-Manufacturing FacilitiesAugust 15, 2022
VulcanForms, a builder and operator of digital-manufacturing infrastructure born at Massachusetts Institute of Technology (MIT), announced that it has raised $355 million from investors, and also revealed its first two digital production facilities, in Devens, MA, and Newburyport, MA, for production of precision metal components and assemblies.
The Devens’ facility, VulcanOne, houses a fleet of VulcanForms’ proprietary 100-kW class laser powder-bed fusion (LPBF) additive manufacturing (AM) systems, totaling more than 2 MW of laser capacity. The Newburyport facility focuses on automated precision machining and assembly operations. Merging these technologies with a digital thread, VulcanForms offers U.S.-based digital manufacturing infrastructure to its customers, report company officials.
The Devens facility combines VulcanForms’ AM technology with a digital thread, spanning simulation, in-process sensing and machine-learning algorithms. VulcanForms also integrates additive production at scale with heat treatment, precision machining, assembly and inspection. To this end, the company has expanded its capabilities through the acquisition of Arwood Machine Corp. in Newburyport.
“By scaling advanced digital manufacturing, we can create a new era of U.S. innovation and economic growth,” says Martin C. Feldman, VulcanForms co-founder, president and CEO. “We’ve recognized a game-changing opportunity when AM technology is scaled for industrial production and is seamlessly integrated with automated machining and robotics. VulcanForms has built the physical infrastructure and digital workflows to deliver this full-stack manufacturing solution. Our technologies combined with our team of engineering and operations leaders from Google, General Electric, Pratt & Whitney, Precision Castparts, IPG Photonics, Faro Technologies, Schlumberger, Alcoa and Autodesk, among others enable our customers to innovate, grow and deliver sustainable impact faster.”