Foundry Lab Raises US$8M in Series A Funding

Foundry Lab, a Wellington, New Zealand-based digital metal casting startup, raised US$8M in Series A funding.

The round was led by Blackbird with participation from GD1, Founders Fund, Promus Ventures, WNT Ventures, Icehouse, and K1W1, as well as Motional CEO Karl Iagnemma and former Autodesk CEO Carl Bass.

The company intends to use the funds to scale the team with roles in RF/microwave engineering, mechatronics, mechanical, simulation and software engineering.

Led by CEO and founder David Moodie, Foundry Lab leverages microwave casting technology that makes same-day turnaround of metal castings a reality. Its Digital Metal Casting (DMC) system allows users to create metal parts in any casting alloy for functional testing before mass production.