Alloy Enterprises Secures $26 Million Funding to Fuel Expansion of 3D Printed Aluminum Parts Production

Alloy Enterprises, a leading company specializing in additive manufacturing, has recently announced the successful completion of a Series A funding round, raising an impressive $26 million. The funding round was oversubscribed and led by Piva Capital, with participation from Unless, Flybridge Capital, MassMutual Catalyst Fund, Robert Downey Jr.’s Footprint Coalition, Congruent Ventures, and Riot Ventures. With this latest investment, Alloy Enterprises has raised a total of $37 million in funding.

The influx of capital comes at a crucial time for Alloy Enterprises as it prepares to ramp up production of 3D printed aluminum parts. The company is set to deliver production volume parts starting this summer and is actively collaborating with its customers to assess and ensure the quality of new applications. In addition to expanding its manufacturing capacity, Alloy Enterprises aims to explore advancements in automation and software while continuing to expand its talented team.

Aluminum 3D printed parts are crucial for the aerospace and automotive industries (Photo credits: ExOne)

Alloy Enterprises was founded in early 2020 with the objective of addressing the gap in the supply of complex aluminum components within the United States. As manufacturing processes were increasingly outsourced, the country experienced a decline in foundries. However, the rising demand in sectors such as e-mobility and the need for recyclable materials have fueled the demand for aluminum components. In response, Alloy Enterprises has developed an innovative additive manufacturing system designed to facilitate the high throughput production of fully-dense parts, enabling its customers to scale their production volumes.