Metal Part Casting Revolutionized as Magnus Metal Secures $74 Million in Series B Funding for Groundbreaking Digital Casting™ Technology

• Magnus Metal secures $74 million in Series B funding to advance its Digital Casting™ technology for metal part casting
• The technology combines additive manufacturing with traditional casting, allowing for faster, safer, and more environmentally friendly production of metal parts
• Magnus Metal’s solution addresses challenges in the metal manufacturing industry, such as labor shortages and environmental regulations, while offering more efficient and sustainable processes
• The Digital Casting™ technology leads to improved safety, sustainability, and financial outcomes, reducing raw material usage and production costs
• Magnus Metal’s innovative process allows for the manufacturing of up to 1 ton of solid metals per day, meeting industry standards and elevating quality control in metal casting

Magnus Metal Raises $74 Million in Series B Funding

Magnus Metal, a trailblazer in the industrial, high-volume digital casting for metal alloys, has recently made headlines by securing an impressive $74 million in Series B funding. This significant investment, co-led by Entrée Capital and Target Global, alongside several other prominent investors, marks a pivotal moment for Magnus Metal as it continues to revolutionize the metal part casting industry with its groundbreaking Digital Casting™ technology.

Revolutionizing Metal Part Casting with Digital Casting™ Technology

At the core of Magnus Metal’s innovation lies its Digital Casting™ technology, which combines the power of additive manufacturing with the ability to produce up to 1 ton of metal parts per day. By leveraging Industry 4.0 principles, Magnus Metal has developed a fully automated manufacturing solution that not only accelerates the casting process but also enhances safety, sustainability, and cost-effectiveness. This cutting-edge technology represents a significant leap forward in the metal casting industry, offering a streamlined and environmentally friendly alternative to traditional methods.

Addressing Industry Challenges and Driving Innovation

The manufacturing landscape in the United States is rapidly evolving, with the industry facing numerous challenges, including a projected 2.1 million unfilled jobs by 2030 and increasing pressure to adopt automation. In this context, Magnus Metal’s Digital Casting™ technology emerges as a game-changer, helping to alleviate the burdens faced by metal manufacturing facilities while unlocking new opportunities for efficiency and sustainability. By embracing digital solutions and reimagining traditional processes, Magnus Metal is paving the way for a more intuitive and bespoke metal casting experience.

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Leading the Digital Casting Revolution

Boaz Vinogradov, CEO of Magnus Metal, describes the company’s technology as a catalyst for the digital casting revolution in metal production. By marrying centuries-old traditions with cutting-edge digital capabilities, Magnus Metal is reshaping the way metal parts are manufactured for modern applications. The company’s commitment to sustainability, flexibility in design, and reduced development timelines underscores its dedication to driving the industry into a new digital era.

Magnus Metal’s successful Series B funding round represents a significant milestone in the company’s journey to transform metal part casting. With its innovative Digital Casting™ technology and a strong focus on sustainability, efficiency, and quality, Magnus Metal is poised to lead the way in revolutionizing the metal casting industry for years to come.