Massachusetts-based VulcanForms today announced $500 million in financing led by J.P. Morgan and Apollo-managed funds.
The company is expected to build three new factories, doubling its current manufacturing footprint, to meet growing customer demand.
VulcanForms operates an integrated digital manufacturing platform that combines metal additive manufacturing, precision machining, automation and physical AI into a new model for competitively producing critical components in the U.S.
“America cannot lead the next industrial revolution if we can't manufacture what we invent,” said Kevin Kassekert, CEO of VulcanForms. “For too long, breakthrough technologies developed here have been manufactured overseas. VulcanForms is proving we can change that by turning American innovation into industrial-scale production and demonstrating that the U.S. can not only compete, but also win on the global stage."
VulcanForms has secured multibillion-dollar commercial programs spanning medical devices, consumer products, aerospace, defense, space and industrial markets, demonstrating significant demand for its integrated manufacturing platform, according to the company.
Spun out of MIT in 2015, the company operates facilities in Devens and Newburyport, Massachusetts.
