Alloy Enterprises

Market context

Alloy Enterprises develops additive manufacturing technology for aluminum parts used in industrial, aerospace, automotive and hardware applications. Its process targets production of lightweight metal components.

Facts

• Website: https://alloyenterprises.co/
• HQ: Burlington, United States
• Founded: 2020
• Segment: Manufacturing
• Known funding rounds: 3

Funding

• 2023-05-17 - Series A - $26M - Alloy Enterprises raises $26M Series A for aluminum fabrication scale-up - source: alloyenterprises.co
• 2022-08-31 - SAFE - $3M - Alloy Enterprises secures $3M SAFE led by Lockheed Martin - source: alloyenterprises.co
• 2021-03-08 - Seed - $4.3M - Alloy Enterprises raises $4.3M seed round for aluminum additive manufacturing - source: alloyenterprises.co

Investors

• Congruent Ventures - Lead - Vc - 2 funding events - repeat backer - first seen 2021-03-08 - latest 2023-05-17
• Riot Ventures - Participant - Vc - 2 funding events - repeat backer - first seen 2021-03-08 - latest 2023-05-17
• Flybridge Capital - Participant - Vc - 1 funding event - first seen 2023-05-17
• Footprint Coalition - Participant - Angel / Individual - 1 funding event - first seen 2023-05-17
• MassMutual Catalyst Fund - Participant - Vc - 1 funding event - first seen 2023-05-17
• Piva Capital - Lead - Vc - 1 funding event - first seen 2023-05-17
• Unless - Participant - Unknown - 1 funding event - first seen 2023-05-17
• Lockheed Martin - Lead - Corporate / Cvc - 1 funding event - strategic/corporate - first seen 2022-08-31

Events

• 2023-05-17 - Funding - Alloy Enterprises raises $26M Series A for aluminum fabrication scale-up - Piva Capital led the round, with Unless, Flybridge Capital, MassMutual Catalyst Fund, Footprint Coalition, Congruent Ventures and Riot Ventures participating. Alloy said it would ramp production capacity, further develop software and apply next-generation aut…
• 2022-08-31 - Funding - Alloy Enterprises secures $3M SAFE led by Lockheed Martin - The financing brought the two-year-old company total above $10 million. The round supported Alloy digital aluminum fabrication development. The capital supports industrial automation, construction or production workflows as Alloy Enterprises moves from produc…
• 2021-03-08 - Funding - Alloy Enterprises raises $4.3M seed round for aluminum additive manufacturing - Congruent Ventures led the seed round, with Riot Ventures and angel investors participating. Alloy planned to use the funding for prototype development and hiring engineering and business roles. The capital supports industrial automation, construction or prod…

Team

• Ali Forsyth - Co-Founder and Chief Executive Officer - Forsyth's aluminum, hardware-startup, and additive-manufacturing background underpins Alloy's Stack Forging process for thermal-management components.
• Nick Mykulowycz - Co-Founder and Chief Technology Officer - Mykulowycz provides the metal additive manufacturing process expertise behind Alloy's aluminum Stack Forging platform.
• Andie Bedell - Co-Founder and Chief Operating Officer - Bedell adds go-to-market and operating experience to Alloy's scale-up of aluminum additive manufacturing for production customers.

Context tags

• Additive manufacturing supplier - Peer Group - Profile QA supports Additive manufacturing supplier.
• Metal additive manufacturing - Stack Layer - Profile QA supports Metal additive manufacturing.