Fortius Metals, a Lafayette, CO-based metal 3D printing company, raised $2M in additional funding.
The round, which brought the total amount of the Seed+ to $5M, followed previous investments of $3M and included the addition of new strategic investor Finindus, who joined after receiving clearance from the Committee on Foreign Investment in the United States (CFIUS). Previous investors in the round included 412 Venture Fund, AM Ventures, and M7 Holdings.
The company intends to use the funds to accelerate its development efforts.
Formed in 2021 and led by CEO Jeff Lints, Fortius Metals is a format additive manufacturing company specializing in new materials for use in robotic welding applications, with enhanced material properties such an improved corrosion resistance, and thermal conductivity. These metal alloys enable fabrication for customers’ products ranging from rockets to electric vehicles. Its in-house capabilities include wire manufacturing as well as wire arc and wire laser (wire DED) large format 3D printing cells.
The company also offers robotic welding process expertise and proprietary predictive toolpaths that deliver dimensional accuracy, helping customers bring innovative designs to life with precision.
Customers and partners include the Army, Navy, Air Force, and NASA, as well as defense primes and commercial space companies.
FinSMEs
08/10/2024